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What is Celer Network?
Celer Network is a comprehensive technology and economic framework designed to facilitate the scalability of public blockchains on an Internet-scale using off-chain scaling methods. How does it achieve this? By enabling billions of transactions per second, Celer Network fully harnesses the potential of blockchain technology and decentralized applications.
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What Is Celer Network (CELR)?
Celer Network (CELR) is a blockchain interoperability protocol that enables a seamless user experience across multiple chains. It allows users to access tokens, DeFi, GameFi, NFTs, governance, and more with just one click. Developers can build inter-chain-native Dapps using the Celer Inter-chain Messaging Framework, which provides efficient liquidity utilization, coherent application logic, and shared states. Celer Network offers a diverse multi-blockchain ecosystem with the simplicity of a single-transaction user experience.
Who Created The Celer Network?
Celer Network was founded in 2018 by a team of highly experienced engineers. All four co-founders hold PhDs in Computer Science from prestigious universities such as MIT and UC Berkeley. They also have a strong work history with renowned tech companies.
- Dr. Mo Dong received his Ph.D. from UIUC and has expertise in algorithmic game theory applied to protocol design.
- Dr. Junda Liu received his Ph.D. from UC Berkeley and has extensive experience in building datacenter networking infrastructure.
- Dr. Xiaozhou Li received his Ph.D. from Princeton University and has contributed to core components of Google TensorFlow, Intel DPDK, and Barefoot Deep Insight.
- Dr. Qingkai Liang received his Ph.D. from MIT and has expertise in learning and control problems in networked systems.
What Makes Celer Network (CELR) Unique?
Celer Network revolutionizes the development and usage of multi-blockchain dApps. Instead of deploying isolated copies of smart contracts on different blockchains, developers can now build inter-chain-native dApps with efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps benefit from a diverse multi-blockchain ecosystem with the simplicity of a single-transaction user experience, eliminating the need for complex manual interactions across multiple blockchains.
Celer Network achieves seamless multi-blockchain interoperability through smart contracts deployed on each chain, paired with the State Guardian Network (SGN), a Tendermint-based blockchain. The SGN enables cross-chain messaging and ensures consensus on message existence through stake-weighed multi-signature attestations.
How Many CELR Are In Circulation?
The maximum supply of CELR tokens is 10 billion. The token distribution is as follows: 25% for PoLC mining reward and off-chain ecosystem building, 20% for the team and advisors, 17% for the foundation, 5% for marketing and ecosystem, and 33% for sale.
CELR is an ERC-20 standard token built on the Ethereum blockchain. It serves various purposes, including staking in the State Guardian Network (SGN), participating in network governance, and earning staking rewards and transaction fees from Celer cBridge and Celer IM-based inter-chain dApps.
How Is the Celer Network Secured?
Celer Network is secured by the State Guardian Network (SGN), a decentralized Proof-of-Stake blockchain. The SGN acts as a message router between different blockchains, facilitating cross-chain fund transfers and providing PoS security, fast finality, and low costs for Celer-enabled dApps.
Celer has undergone smart contract audits with CertiK, PeckShield, and SlowMist. Additionally, Celer maintains a $2 million bug bounty program on Immunefi to encourage community efforts in securing and improving the network.
Where Can You Buy The Celer Network Token (CELR)?
The top exchanges for trading Celer Network (CELR) tokens include Binance, Gate.io, Bithumb, OKEx, Crypto.com Exchange, WazirX, AscendEX (Bitmax), CoinDCX, MXC.com, Bitay, DigiFinex, BKEX, AEX, BiKi, Hotbit, HitBTC, TOKOK, Uniswap V2, TOCENCAN, DragonEX, and ZT.
For a comprehensive list of exchanges, please refer to our crypto exchanges page. CELR tokens were initially sold on the Binance Launchpad IEO platform in March 2019. The most liquid trade pairs for CELR on Binance are CELR/USDT, CELR/BTC, CELR/BUSD, and CELR/BNB.
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