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What is the Celer Network? – Layer-2 scaling, Technologies, and More

What is the Celer Network? – Layer-2 scaling, Technologies, and More

The Celer Network is the most advanced layer-2 scaling platform to build fast, easy-to-use, low-cost, and secure blockchain applications at an internet scale.

And celery creates by experienced entrepreneurs with PhDs degrees from MIT, Princeton, UC Berkeley, and UIUC and the fast-growing all-star team with years of engineering, product, user growth, and marketing experience from tech giants like Google and Amazon, Cisco, Oracle, HP, and more.

At its core, Celer network is the layer-2 infrastructure on top of blockchains, and the ecosystem also includes apps and crypto-economic models to incentivize usage of our layer-2 scalability solution.

Also, we continue to lead the technology innovation in the space of off-chain (or “layer-2”) infrastructure with many of the world’s first: we show the cutting-edge research and development of layer-2 scaling.

And we delivered the world’s first and most advanced generalized state channel network Testnet; we released CelerX: the first-ever mobile application that can access layer-2 dApps; we released the first-ever mobile native layer-2 scaling SDK.

Also, we deliver on our promise to become the world’s first blockchain agonistic layer-2 scaling platform. And by supporting two architecturally very different blockchains, Ethereum and DFINITY, at the same time.

What are Layer-2 scaling platforms?

Layer-2 scaling platforms it’s built “on top of” the layer-1 blockchains like Ethereum and Bitcoin. They did not require changes to the base level protocol — instead. They exist simply as intelligent contracts on main-chain like Ethereum that interact with off-chain software.

What are the core technologies behind Celer?

Celer focuses on Generalized State Channel networks and Side-Chain technology. It provides a coherent architecture with it enables smart contracts on layer-2.

Also, to know about the underlying technology, please read our white paper. We also take a more reader-friendly summary here.

To dive a bit deeper, please check out this explanatory article about the Celer state channel and this two-part blog series about generalized state channels (Part 1: What Are They Good?

Part 2: How do we use state channels in an app?). Celer Network’s vision is to combine all layer-2 scaling technology pieces into a coherent solution in the long term.

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