8 min
Ep 1 - Banking The Unbanked With Sustainable Blockchain Technology Unblock
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- Technology
Today, we are taking you on a journey to experience the evolution of blockchain technology and cryptos over the last decade. From recognising the drawbacks of traditional banking systems during the 2008 Financial Crisis to the launch of Bitcoin, the world’s first blockchain-enabled cryptocurrency, to exploring why this new-age technology consumes more energy than others and how Celo is addressing this problem to provide banking services for everyone with a basic smartphone in a sustainable manner.
Key Takeaways:
00:11 The Story of Satoshi Nakamoto
03:34 Bitcoin’s Energy Consumption
05:32 Challenges With Accessing Banking Services
06:37 How Is Celo Solving This Challenge?
07:18 Blockchain Transactions With Mobile Numbers
08:00 Defining Celo
Like this podcast? Please leave us a review here - even one sentence helps! Post a screenshot of you listening to this episode on Twitter & tag us so we can thank you in person!
Today, we are taking you on a journey to experience the evolution of blockchain technology and cryptos over the last decade. From recognising the drawbacks of traditional banking systems during the 2008 Financial Crisis to the launch of Bitcoin, the world’s first blockchain-enabled cryptocurrency, to exploring why this new-age technology consumes more energy than others and how Celo is addressing this problem to provide banking services for everyone with a basic smartphone in a sustainable manner.
Key Takeaways:
00:11 The Story of Satoshi Nakamoto
03:34 Bitcoin’s Energy Consumption
05:32 Challenges With Accessing Banking Services
06:37 How Is Celo Solving This Challenge?
07:18 Blockchain Transactions With Mobile Numbers
08:00 Defining Celo
Like this podcast? Please leave us a review here - even one sentence helps! Post a screenshot of you listening to this episode on Twitter & tag us so we can thank you in person!
8 min