Binance Coin
$23.95 -0.03%
BNB · 5w

Celer Network is a leading layer 2 scaling platform that enables fast, easy and secure off-chain transactions for not only ...

CELER — A Layer-2 Scaling Platform

OVERVIEW

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.

WHAT IS CELER?

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 TECHNOLOGY

Celer’s engineering architecture consists of two main parts: cStack and cEconomy

*cStack?

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 o↵-chain enabled applications

*cEconomy

cEconomy, whose design...

Continue on medium.com
Recent news