Cryptocurrency Q&A
What network is Celo on?
What network is Celo on?
Lorenzo
Sun Jun 30 2024
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5 answers
1196
As a professional in the realm of cryptocurrency and finance, I'm curious to know more about the underlying technology behind various projects. Specifically, with regards to Celo, I'm interested in understanding what network it is built upon. Is it a fork of an existing blockchain? Or is it a novel design? The network architecture is crucial for understanding its scalability, security, and interoperability. Additionally, knowing the network allows for a deeper analysis of its potential impact on the broader cryptocurrency landscape. Therefore, could you please elaborate on what network Celo is currently utilizing?
5 answers
HanjiArtistry
Mon Jul 01 2024
Conversely, sending Ethereum assets to a Celo wallet is also an error that should be strictly avoided.
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SilenceStorm
Mon Jul 01 2024
Celo assets reside uniquely on an independent blockchain that is distinct from the Ethereum network.
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Sara
Mon Jul 01 2024
Due to this segregation, accessing Celo assets through wallets that connect to Ethereum is not possible.
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KatanaSharpness
Mon Jul 01 2024
To safeguard your funds, it is essential to utilize wallets specifically designed to interface with the Celo network.
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CryptoElite
Mon Jul 01 2024
Avoid the mistake of sending your Celo assets to an Ethereum wallet, as this will result in the loss of your funds.
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