Bison Trails Announces Support For Celo Open Network
Bison Trails Announces Support For Celo Open Network
May 7, 2020
Bison Trails Announces Support For Celo Open Network
Bison Trails Announces Support For Celo Open Network
May 7, 2020

Bison Trails has announced support for the Celo open network enabling smartphone users to send crypto directly to a phone number instead of a blockchain address.

Users will now be able to transfer value using Celo’s stablecoin pegged to the U.S. dollar on the Bison Trails platform. 

Aaron Henshaw, co-founder and CTO of Bison Trails stated:

“Bison Trails has strong relationships with the Celo team: we’re members of the Celo Alliance for Prosperity and are very familiar with Celo’s progress from working closely with their team since the earliest days of the protocol’s development. We have a unique perspective on the Celo protocol and ecosystem.”

The Celo tech system has three layers:

  • Celo Blockchain
  • Celo Core Contracts
  • Application

Henshaw praised Celo’s initial design choice, which uses Earned Value Management (EVM) and the Go-Ethereum protocol for their underlying node system.

Henshaw said the integration of Celo onto the Bison Trails platform will help secure and strengthen the network:  

ALSO READ :  DeFi Lending Protocol dYdX Produces More Than $1B In DeFi Loans Over One Year

“We aim to set the standard for security, reliability, and quality on the Celo network with the validators and groups that we run. Our infrastructure platform easily spins up nodes in multiple cloud providers and regions for our customers. We diversify Celo’s block production infrastructure which strengthens the network.”


Source: Cointelegraph | Image: Pexels

Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.