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Marek Olszewski

👤 Speaker
481 total appearances

Appearances Over Time

Podcast Appearances

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Hello, thanks for having me.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Yeah, absolutely.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

So Celo's been around for eight years.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

We've been working on it, I guess, for eight years now.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

We launched six years ago now.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And we are very laser focused on the P2P payment use case.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

That was really the origin story.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

We started by looking to build a mobile wallet on top of Ethereum.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

That was back in the days of CryptoKitties, if you remember.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And, you know, it was very obvious back then that we couldn't build something that was normie-friendly online.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

and could scale to billions of people on Ethereum back then.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And so that's ultimately what took us down the path of building our own L1.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

But because we started in Ethereum, of course, we picked EVM and we focused heavily on making it as EVM compatible as possible, but with some bonus features to make it work better for that P2P use case.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And so that's the origin story.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

We started building it with the mobile wallet at the same time, almost taking an Apple-like approach.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

So Apple builds the software and hardware at the same time.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

So we built the kind of flagship application and the platform at the same time.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

And that made us build certain things that I think are different than other L1s and L2s.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

We definitely took different design choices.

Bankless
The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

You can pay for gas with stablecoins on Celo natively without account abstraction.

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