Celer Network (CELR) is a cryptocurrency that is designed to scale and improve the performance of blockchain applications. It is built on a layer-2 architecture that uses state channels and off-chain computation to process transactions faster and more efficiently than on-chain transactions.
Celer Network is integrated with a number of popular blockchain platforms, including Ethereum, Polygon, and Avalanche. This makes it easy for developers to build scalable and performant blockchain applications on Celer Network.
Celer Network has a number of key features that make it stand out from other layer-2 scaling solutions, including:
Celer Network is still under development, but it has already made significant progress. The Celer Network mainnet launched in March 2021, and the team has since released a number of major updates, including the Celer State Channel Network and the Celer Inter-chain Message Passing (ICMP) protocol.
Celer Network has the potential to be used for a wide range of applications, including:
Overall, Celer Network is a promising cryptocurrency with the potential to make a significant impact on the blockchain industry. It is a scalable, secure, decentralized, and user-friendly layer-2 scaling solution that can be used to build a wide range of applications.