Hassan Maishera
On Thursday, the Celo Foundation announced via X that Inco, a full-stack blockchain privacy layer, just launched on the Celo Sepolia testnet.
Inco gives users a private asset layer on a Celo-supported wallet, allowing balances to stay private. Developers can add confidential functionality to Celo apps without moving users or assets to a separate network, enabling:
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Shielded asset management
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Confidential DeFi
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Sealed-bid auctions
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Confidential governance
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Hidden game mechanics
Inco expands Celo smart contracts with encrypted balances & confidential compute without ever decrypting them onchain. Full privacy, native composability, all within Celo's existing smart contract environment.
Celo is a carbon-negative, permissionless blockchain with a rich ecosystem of global partners building innovative Web3 dapps to support a more inclusive financial system.
Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo platform), the CELO governance asset, and several Mento stable assets (cUSD, cEUR, cREAL) that enable real-world users to use digital assets.
The open-source Celo mainnet launched on Earth Day 2020. The Celo community passed an indicative on-chain governance proposal (temperature check) to have Celo migrate to an Ethereum layer-2. Google Cloud, Deutsche Telekom, Telefonica, and many others run validators on the Celo Platform.
Today, the Platform supports 1,000+ projects in over 150 countries that are building on Celo to help create the conditions of prosperity for all.
CELO is down 1.8% in the last 24 hours and currently trades at $0.07550.
