With an average block time of 5 seconds and sub-cent transaction gas fees, Celo focuses on scalability and ease of access in order to bring DeFi to those that need it the most. Celo’s vision of ensuring equal access is reflected through their mobile-first design, aiming to disrupt legacy TradFi. The upcoming transition to an L2 rollup aims to tap into Ethereum’s security, while maintaining minimal costs through Celo’s scalability and EigenLayer’s data availability solutions.

We were joined by Marek Olszewski & Rene Reinsberg to discuss Celo's mobile-first approach to building a low-fee, high-throughput blockchain with real-world applications, and their transition to Ethereum L2.

Topics discussed in this episode:
0:00 - Introduction & dYdX ad
1:27 - Rene’s and Marek’s backgrounds
4:36 - Celo’s design principles
6:54 - Celo’s scalability
11:00 - Mobile compatibility for blockchains and dApps
14:02 - Wallet UX
16:29 - Stablecoins as gas token & transaction confirmation times
21:04 - Optimising mobile accessibility
25:05 - SocialConnect & off-chain social identifiers
30:20 - Celo’s transition to an Ethereum L2
36:53 - Single block finality in an optimistic rollup
41:13 - Sequencer decentralisation
42:55 - Lowering costs of settling on Ethereum via EigenDA
49:29 - Credit Collective & Impact Market
57:16 - Mento DAO
59:22 - The future of Celo

Links mentioned in this episode:
- Marek Olszewski on Twitter: https://bit.ly/3sXh6WU
- Rene Reinsberg on Twitter: https://bit.ly/3N9l6Ky
- Celo on Twitter: https://bit.ly/3t896SO
- MiniPay on Twitter: https://bit.ly/3N9wvdp
- cLabs on Twitter: https://bit.ly/3GqqJk8
- Credit Collective on Twitter: https://bit.ly/3N3CAYL
- Impact Market on Twitter: https://bit.ly/46Hhzdo
- Mento Labs on Twitter: https://bit.ly/3RmaA5s

Sponsors:
- dYdX Foundation: The recently launched dYdX chain features new governance and token economics, that empower stakers and promote validator decentralisation. Bridge your DYDX tokens and contribute to the evolution of dYdX chain, fully permissionless and community driven. - https://bit.ly/47kqG59

This episode is hosted by Friederike Ernst. Show notes and listening options: https://epicenter.tv/524
#celo #ethereum