Celo
Specifications | Details |
|---|---|
Platform (underlying architecture) | Layer 2 |
Consensus Algorithm | Proof-of-Stake |
Ecosystem | Ethereum |
Token | Celo |
Native Token Ticker | $CELO |
Smallest Unit | |
ARR or APY | |
Max Supply | 1 Billion |
Delegation Requirements (Min-Max) | No minimum or maximum limit |
Stake Activation Period | 1 Epoch (24 hours) |
Reward Distribution Period | |
Compounding | Automatic |
Compounding Frequency | Every epoch |
Unbonding Period | 3 days |
Lockup Period | |
Penalties and Slashing | Yes - Downtime and Double-Signing |
Burn Mechanism | Celo's stability mechanism allows users to create a new cUSD and cEUR by sending CELO to the reserve or burn cUSD and cEUR by redeeming it for their equivalent value in CELO. |
Validator Self-Bond Requirement | 10,000 CELO |
Inflation | |
Validator Set Diversity | The active validator set, capped at 110 and adjustable via governance, is determined by proof-of-stake and updated daily at epoch end. |
Governance Mechanism | |
Smart Contract Support | Yes |
Smart Contract Programming Language | Solidity |
Cross-chain Compatibility (Interoperability) | Yes |
TPS (Transaction Throughput) | ~500 TPS |
Transaction Finality | Instant finality |
Link to Explorer(s) | https://explorer.celo.org/, https://celoscan.io/ , https://thecelo.com/ |
Testnet Faucet | |
Figment’s Public Validator Address | |
Figment Staking Guide | |
Figment Supported MEV Relay | N/A |
Recommended Wallet(s) | Ledger, Valora, Metamask |
CoinGecko Profile |
Updated 3 days ago