A Look at the Celo White Paper

Claire Belmont
Apr 10, 2019 · 9 min read
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Motivation

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Example of a hexadecimal cryptographic address
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Celo takes a full stack approach to enable social payments

Lightweight Identity

Address-based Encryption

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Celo uses “address-based” encryption to map phone numbers to cryptographic addresses

Reputation

Stabilizing Value

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Reserve-backed stabilization mechanism

How Stability is Achieved

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Expansion mechanism: Celo USD issued by the protocol and sold to market for Celo Gold
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Contraction mechanism: Celo USD bought from market using Celo Gold from the reserve

Family of Stablecoins

Incentives and Governance

Conclusion


The Celo Blog

Celo is an open platform that makes financial tools…

Claire Belmont

Written by

Product @CeloHQ, security engineer by training; all things crypto, I aspire to empower people

The Celo Blog

Celo is an open platform that makes financial tools accessible to anyone with a mobile phone. Visit celo.org for info on the community, contributors, and technology.

Claire Belmont

Written by

Product @CeloHQ, security engineer by training; all things crypto, I aspire to empower people

The Celo Blog

Celo is an open platform that makes financial tools accessible to anyone with a mobile phone. Visit celo.org for info on the community, contributors, and technology.

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