Celo Dedicated Node

Celo is a young cryptocurrency project and the CELO network is focused on mobile users. The Celo network makes financial tools such as blockchain smart contracts, dApps and web3 apps available to mobile device users around the world. Other coins, including stablecoins, are also created based on the CELO algorithm. At the same time, Celo client is adapted for use on cell phones. The main advertising promotion of CELO is on the markets of developing countries, which are almost unbanked. Celo payments can be sent simply to a cell phone number. If the recipient does not already use the CELO network, he can get the payment by downloading the Celo client. Because CELO coins are ERC-20 tokens, they can be stored in many software and hardware wallets, including the popular Metamask wallet. At the same time, the CELO blockchain is separate from the Ethereum network.

The CELO network is great for executing blockchain smart contracts as well as web3 apps and dApps based on them. Mining Celo is not possible because it uses a form of Proof-of-Stake algorithm to validate transactions. CELO tokens can be earned by CELO nodes with validator rights, which are engaged in transaction validation in the CELO network. To do that CELO nodes need to block a certain amount of CELO tokens on a special wallet. In addition, stablecoin CUSD, secured by the company's dollar reserves, is circulating in the network.

CELO nodes with validator rights are also archive CELO nodes (history CELO nodes) because they store the entire history of transactions in the CELO blockchain. CELO nodes with validator rights process blocks and include valid transactions in the CELO blockchain. There are also full nodes in the CELO network. They store a partial copy of the blockchain and pass requests to validator nodes. Full nodes in the CELO network also earn a portion of the commission for processing transactions. CELO clients only pass transactions through the network.

Celo nodes are used to confirm transactions in the CELO network. They make up the infrastructure for executing transactions on the blockchain. Everything about blockchain smart contracts, dApps and web3 apps is placed in a separate layer of the CELO network. Developers of applications for the CELO network are given a wide range of tools. There is also an app layer that runs the Celo client and token exchange directly from the wallet. Of the one billion CELO tokens, 600 million were created simultaneously at launch and 400 million Celo tokens are allocated to reward CELO validator nodes. Celo tokens are also used when voting for the future direction of the CELO network.

When professionally developing dApps and web3 apps for CELO network, you can't do without Celo dedicated nodes. Note that a Celo dedicated node is a Celo dedicated server, installation and configuration of which is extremely complicated even for an experienced developer. To avoid the hassle of installing and configuring a Celo dedicated server, you should order a Celo blockchain node as a service.

To avoid losing money debugging an application for Celo network, developers run their dApps and web3 apps first on CELO testnet. This network is almost identical to CELO mainnet, but connects to different Celo nodes. A powerful API is available to app developers for the CELO network. Among its commands are REST, blockchain endpoints, WebSockets blockchain API, JSON RPC blockchain API and more.