#CelerNetwork is a layer-2 scaling platform designed to help #Dapps developers scale their applications with off-chain operations. It runs as a smart contract on top of existing blockchain platforms and offers interactive operation, network incentives, and scalability. The Celer team conducts leading #Layer2 scaling research and develops applications that enhance the ecosystem. #CELR
Celer's main goal is to provide seamless transactions and fast off-chain transactions for smart contracts and provide a secure environment across various blockchain platforms. Acting as a support to scale and secure the largest smart contract platforms such as #Ethereum , Celer aims to solve the biggest problems these platforms currently face.
To achieve its goals, Celer Network relies on a layer-2 protocol built on existing blockchain platforms. This approach provides a solution to the scalability problem without requiring any changes to the underlying network protocol. The protocol runs as a smart contract on a blockchain and interacts with off-chain applications, facilitating scalability and interactive operation.
Celer Network is built on two core technologies: Side Chain technology and Generalized State Channel Network (GSCN). The use of side chain technology facilitates interactive work, while GSCN allows for fast off-chain transactions and enables applications to scale on blockchains such as Ethereum, similar to the Lightning Network for Bitcoin. This provides a solution to the biggest problems facing blockchain-based networks.