Telefónica joins forces with Celo Foundation to promote open-source blockchain ecosystem

Telefonica pantalla

Alphavalue / Divacons | The Spanish telecom has teamed up with the US-based Celo Foundation, which also entails its alliance with the Celo Alliance for Prosperity, which promotes the open-source blockchain-block ecosystem, Celo, and contributes to the decentralisation of the network, it said in a press release yesterday.

Telefónica will play a key role in validating transactions, ensuring network consensus, helping stability and maintaining the security of the Celo blockchain.

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