The aim of the project is to use the blockchain infrastructure for easy mobile payments and thus enable greater financial inclusion of people outside the traditional Western financial system. The second goal is to radically reduce the cost of cross-border transfers of funds. So actually a completely standard fintech target. The platform is based on a public blockchain (derived from Etherea), which uses proof-of-stake as a consensus mechanism and, as part of its incentives, Celo Gold (cGold) tokens, which serve mainly as a reserve currency and staking tool, and Celo Dollar (cUSD). , which features a classic dollar - anchored stablecoin with an elastic supply. Both are technically de facto common ERC-20 tokens and are interchangeable. The project itself, like Ethereum, looks mainly like a platform for running financial applications based on a virtual machine and the use of smart contracts.