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

On Episode 10 of Cointelegraph’s Hashing It Out podcast, Celo president Rene Reinsberg joins Elisha Owusu Akyaw (GhCryptoGuy) to sermon the regenerative concern (ReFi) movement, which focuses connected the gathering blocks of decentralized concern (DeFi) and the principles of regenerative economics. Reinsberg besides explains however Celo intends to enactment applicable successful the multichain satellite of layer-1 blockchains and layer-2 networks. 

The blockchain satellite is getting crowded, with aggregate layer-1 blockchains launching and layer-2 networks becoming much popular. Reinsberg said the layer-1 Celo blockchain is not disquieted astir the summation successful options for users — instead, it sees it arsenic an accidental to bring much radical into crypto. Regardless, to acceptable Celo isolated from different networks, the squad has added elements that amended its mobile experience. According to Reinsberg, Celo caters to those users who entree DeFi connected devices oregon interfaces with constricted surface size by incorporating accrued functionality and peculiar features. Reinsberg said helium sees this arsenic an important measurement for adoption, considering the numbers astatine play.

“The mode that astir radical successful the satellite entree the net is not connected a desktop machine but it connected a mobile phone.”

Further regarding adoption, Reinsberg pointed retired that Celo has decided to absorption connected processing economies wherever its interaction tin beryllium seen and felt. According to the Celo president, creating a “10x amended outgo acquisition successful a spot similar San Francisco oregon London” is difficult, but the changes made successful processing countries tin beryllium felt. Due to this, the blockchain web has acceptable up store connected the African continent, wherever Reinsberg claims determination are implicit 50 startups built connected Celo that person raised funds to accelerate their projects.

Related: The Agenda podcast chats crypto, media and morals with Molly Jane Zuckerman

Listen to Hashing It Out Episode 10 connected Spotify, Apple Podcasts, Google Podcasts or TuneIn. You tin besides cheque retired Cointelegraph’s afloat catalog of informative podcasts connected the Cointelegraph Podcasts page.

The views, thoughts and opinions expressed present and successful this podcast are the participants’ unsocial and bash not needfully bespeak oregon correspond the views and opinions of Cointelegraph.