CELO is recognized as one of the projects pushing blockchain adoption in 2022
Crypto and blockchain technology have entered a stage of rapid adoption by mass users.
This process is a delicate one because it involves teaching users how to use this new technology and making it simple enough for just anyone to pick up and use.
With so many concepts like DeFi (decentralised finance), NFTs (Non-Fungible Tokens), GameFi, and the metaverse, this can be a daunting task for crypto projects to achieve.
On the flip side, some projects are putting in the work to attract more users to the crypto space. They do this by simplifying the crypto and remove all barriers to entry that newbies typically face.
Three projects pushing blockchain and crypto technology for massive adoption are Celo (CELO), STEPN (GMT), and Mushe Token (XMU).
These projects use unique approaches to ensure that new users can seamlessly adopt crypto.
Furthermore, these projects have had varying successes but with constant iterations, to their projects total success is assured. Here is a breakdown of these crypto projects.
Celo (CELO) is next up in the blockchain world
Celo (CELO) is a blockchain built and targeted at smartphone users. It aims to introduce mass adoption by targeting the largest technology market on the planet- smartphones!
Celo uses mobile numbers as public keys and it hopes this reduces the barrier to entry and promotes transactions using crypto.
Launched in 2020, the Celo blockchain allows for a variety of dApps to be built on it. Most of these applications are simple DEFI tools that users can use to transact, buy, and sell crypto.
The CELO token is the native currency of the blockchain. It facilitates transactions as well as governance on Celo.
Furthermore, Celo uses a PoS (Proof of Stake) system which allows it to make transactions quicker than rival blockchains.
Eliminating the need for complex computing equipment to participate in this crypto project significantly lowers the barrier to entry.
In addition, using smartphones as the base of this project opens up crypto to a large potential market which is sure to boost adoption.
You can invest in CELO on Orderbook. The platform provides an opportunity to trade CELO by exchanging it to cUSD and vice versa.