Scalability is a great concern from the cryptocommunity, this idea is currently being implemented by many projects. We have known the concepts of Lightning Network, Sharding, Plasma, etc. all of which are new concepts that we can apply to increase the scalability of the blockchain.Celer Network is one of the blockchain projects basedon that idea, it is the solution to extend the connection of blockchain, allows everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics.
Celer Network is a leading layer 2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract. Founded by four PhDs from MIT, Princeton, UC Berkeley and UIUC, the network enables everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics mechanism designs. Celer Network is on a mission to fully unleash the power of blockchain and revolutionize how decentralized applications are built and used.
Celer's engineering architecture consists of two main parts: cStack and cEconomy
As a comprehensive full-stack platform that can be built upon existing or future blockchains, Celer Network encompasses a cleanly layered architecture that decouples sophisticated off-chain platform into hierarchical modules. Celer Network adopts an off- chain technology stack that can be built on different blockchains, call cStack, icludes:
• cChannel: generalized state channel and sidechain suite.
• cRoute: provably optimal value transfer routing.
• cOS: development framework and runtime for off-chain enabled applications
cEconomy, whose design is based on the principle that a good cryptoeconomics model (token model) that provides network effect, stable liquidity, and high availability for the ecosystem. Includes proof of liquidity commitment, liquidity backing auction, and state guardian network.
Celer recently launched Sirius Testnet along with a user-facing application CelerX. CelerX is an end-user platform connected to Celer Network. Unlike using other blockchain wallets, CelerXallows users to send instant and fee-free payments and also comes with a fun and highly interactive decentralized board game, Gomoku, built with Celer SDK. The scalability and high interactiveness of these applications are only made possible by Celer Network's advanced and coherent layer-2 scaling architecture.
Celer SDK is a toolkit for users to create dApps that working on Celer's platform. With this open platform, Celer allows users to easily build dappwith fast transaction speed(offer an10,000X faster), low cost(require zero transaction fees), and interactive user experience comparing with slow dApps built directly on blockchain.
Celer is one of themostpopularblockchain projects today. Why? Because Celer is the third project open token sale on Binance LaunchPad. Since the two previous projects have been very successful in the bear market, Celer is the name mentioned quite a lot. This is one of the great opportunities for Celer.
Before being informed from Binance, Celer had got many reviews that it had been a great potential project.
Celer is a potential project. With a talented team and great strategic partners (especially Binance), Celer is able to have a position in the future. The blockchain industry is growing day by day, solving scalability issues, connect blockchains, and supporting dApps to grow on Celer's platform make the value of Celer confirmed. That is also the concern of many investors today, and Celer is doing that.
Website: https://www.celer.network
Telegram: https://t.me/celernetwork
Twitter: https://twitter.com/CelerNetwork
• Website: https://syndicator.in
• Telegram: https://t.me/Syndicator_Official
• Twitter: http://twitter.com/syndicator_org
