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The Mobile Blockchain
Nikhil entered the crypto space motivated by the idea of financial inclusion and bypassing traditional financial institutions. With a background in economic consulting and a strong social consciousness, he was drawn to the Celo blockchain. Celo is the first mobile layer 1 carbon-negative chain, with the goal of building a new digital regenerative economy for all.
00:00 to 02:12 - Who’s Nikhil and Celo
02:12 to 08:00 - Celo Mobile PoS
08:00 to 09:05 - How it Works?
09:05 to 14:05 - Ecosystem
14:05 to 14:57 - Incentive for Contributing
14:57 to 17:40 - Carbon Negative
17:40 to 19:23 - Gas Efficiency
19:23 to 21:18 - Native Currency
21:18 to 22:42 - Rollups
22:42 to 26:13 - Decentralized Stand
26:13 to 29:00 - On-Ramp
29:00 to 32:33 - Global Currency
32:33 to 37:31 - Onboarding
37:31 to 38:38 - Coverage
38:38 to 48:24 - Internet of Things
48:24 to 50:08 - Transparency
50:08 to 54:08 - Rounding Off
Episode Important Links
Nikhil Twitter: https://twitter.com/pumpernikhil
EVM: The Ethereum Virtual Machine is a runtime environment for smart contracts on the Ethereum blockchain, providing a secure and deterministic way to execute code.
PoS: Proof-of-Stake is a consensus mechanism used in blockchain networks, where validators are chosen to validate transactions based on the amount of cryptocurrency they hold and stake as collateral.
PoW: Proof-of-Work is a consensus mechanism used in blockchain networks, where validators are chosen based on their computational power to solve complex mathematical problems and validate transactions.
L1: Layer 1 refers to the underlying blockchain protocol layer that handles basic transaction processing and consensus. Examples of L1 blockchains include Bitcoin and Ethereum.
Nodes: Nodes are computers or devices that run the blockchain software and participate in transaction validation and consensus on the network.
Metamask: MetaMask is a browser extension that allows users to interact with Ethereum blockchain applications directly from their browser.
zkProofs: Zero-knowledge proofs are cryptographic protocols that enable one party to prove knowledge of certain information to another party without revealing any information beyond the proof itself.
Validators: Validators are nodes that participate in consensus mechanisms, such as Proof-of-Stake, to validate transactions on a blockchain network and earn rewards for doing so.
Solidity: Solidity is a programming language used to write smart contracts on the Ethereum blockchain.
APIs: APIs (Application Programming Interfaces) are software interfaces that allow applications to interact with each other, often used to retrieve data from a service or platform.
Epoch: In blockchain networks, an epoch refers to a set number of blocks that are validated by the network before the consensus mechanism selects new validators or makes other changes to the network's configuration.
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