Celo president Rene Reinsberg explains why the protocol is optimizing for cellular

On Episode 10 of Cointelegraph’s Hashing It Out podcast, Celo president Rene Reinsberg joins Elisha Owusu Akyaw (GhCryptoGuy) to debate the regenerative finance (ReFi) motion, which focuses on the constructing blocks of decentralized finance (DeFi) and the ideas of regenerative economics. Reinsberg additionally explains how Celo intends to remain related within the multichain world of layer-1 blockchains and layer-2 networks.

The blockchain world is getting crowded, with a number of layer-1 blockchains launching and layer-2 networks rising in popularity. Reinsberg mentioned the layer-1 Celo blockchain shouldn’t be fearful concerning the improve in choices for customers — as an alternative, it sees it as a chance to deliver extra individuals into crypto. Regardless, to set Celo aside from different networks, the crew has added components that enhance its cellular expertise. In accordance with Reinsberg, Celo caters to these customers who entry DeFi on gadgets or interfaces with restricted display dimension by incorporating elevated performance and specific options. Reinsberg mentioned he sees this as an vital step for adoption, contemplating the numbers at play.

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