Cryptocurrency Q&A Is CELO an Ethereum token?

Is CELO an Ethereum token?

GeishaCharming GeishaCharming Mon Nov 04 2024 | 6 answers 1126
I'm wondering if CELO is considered an Ethereum token. I've heard about Ethereum and its tokens, but I'm not sure if CELO falls under that category. Is CELO an Ethereum token?

6 answers

HanbokGlamourQueenElegance HanbokGlamourQueenElegance Wed Nov 06 2024
Despite this origin, Celo has undergone several significant changes and developments.

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Giuseppe Giuseppe Wed Nov 06 2024
One of the primary distinctions between Celo and Ethereum is the consensus mechanism employed.

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DigitalDragonfly DigitalDragonfly Wed Nov 06 2024
Celo is recognized as a layer 1 protocol and blockchain platform.

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CryptoWizard CryptoWizard Wed Nov 06 2024
The Celo Mainnet operates independently of the Ethereum network.

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Margherita Margherita Wed Nov 06 2024
Celo utilizes a proof-of-stake based PBFT (Practical Byzantine Fault Tolerance) consensus mechanism.

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