Celo

Vitalik Buterin, the founder of Ethereum, has just pointed out Celo as a potential distributed financial platform. Buterin commended Celo for its low-cost network and congruence with Ethereum&#39;s decentralizing objectives in a post on X. This endorsement aligned with his latest Layer 2 (L2) chain posture, in which he underlined supporting only properly dispersed networks starting in 2025.<h2 id="header-0">Celo’s Role in DeFi Services</h2>Primarily due to its Valora app, Celo has gained recognition as a network focused on distributed financial services. Valora lets on-chain activities combine user identity with near-zero charge frictionless fund transfers. Driven by steadycoin payments on Celo, the app—which debuted in 2021—makes transactions as simple as sending a chat message. Notably, recent increases in <a href="https://cryptotale.org/polygon-proposes-ethereum-l2-solution-for-celo-competes-with-optimism/" rel="noopener noreferrer nofollow">Celo’s</a> activity are partly due to growth in DeFi and DEX trading.Celo sets itself apart by enabling gas payments using stablecoins, eliminating the need to purchase ETH or CELO. This feature makes transactions more straightforward and accessible. Celo also boasts far less gas fees than Ethereum. Buterin&#39;s recognition emphasizes Celo&#39;s ability to increase financial service access free from the excessive fees observed on like platforms.<a href="https://cryptotale.org/celo-gains-buterins-support-amid-plans-to-transition-to-l2/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Celo Gains Buterin’s Support Amid Plans to Transition to L2

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