The latest news on Celer Network, a leading layer-2 scaling solution for blockchain that enables fast, easy and secure off-chain transactions.
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Celer Network is a leading layer-2 scaling solution for blockchain that enables fast, easy and secure off-chain transactions without compromising on decentralization. Celer Network can scale any blockchain to millions of transactions per second with extremely low transaction fees. It makes complex smart contract applications possible and practical.
Celer Network is endorsed by some of the most influential leaders in the blockchain space such as co-founder of Ethereum Vitalik Buterin, co-founder of NEO Da Hongfei, founder of Cardano Charles Hoskinson, just to name a few.
With over $33M raised from top VCs such as Huobi Global Ecosystem Fund, GBV, Wavemaker Partners and more, Celer Network team is composed of ex-Google/ex-Amazon tech leaders, top academic researchers and experienced protocol architects. Notable investors also include 3Commas, Arrington XRP Capital, BlockTower Capital, Boost VC, Continuum Ventures and more.
What is Celer Network?
Celer Network is a layer-2 scaling solution for blockchain that enables fast, easy and secure off-chain transactions. By using advanced cryptography and game theory, Celer Network can achieve high transaction throughput while maintaining decentralization, security and low latency. In addition, Celer Network also provides a development platform that makes it easy for developers to build and deploy scalable decentralized applications.
The Latest on Celer Network
CELER NETWORK cAdvisor – a system for collecting, querying and visualizing metrics about celer-network containers.
Celer Network cAdvisor (pronounced “see-advisor”) is an open source project under the Cloud Native Computing Foundation.
cAdvisor Github link – https://github.com/google/cadvisor
Celer Network cAdvisor collects performance data from containers on a host and provides tools for visualization and analysis.
The Benefits of Celer Network
Celer Network is a technology that promises to change the way we use the internet. It is a new type of network that is designed to be more scalable, efficient, and secure than the current internet. Celer Network is based on the blockchain technology, which means that it is decentralized and distributed. This means that there is no single point of failure and that the network is more resistant to attacks. Celer Network also makes use of smart contracts, which allow for more efficient and secure transactions.
The Risks of Celer Network
Celer Network is a layer-2 scaling solution for the Ethereum blockchain. It is able to achieve high transaction throughput while maintaining low fees and decentralized user experience. However, as with any emerging technology, there are several risks associated with Celer Network that potential users should be aware of.
One of the biggest risks is the possibility of technical issues. Celer Network is still in beta and has not yet been fully audited. This means that there could be unforeseen bugs or security vulnerabilities that could cause problems for users. Additionally, because it is still in development, the protocol may undergo changes that could cause incompatibility with existing software or services.
Another risk to consider is the possibility of forks. Because Celer Network is based on Ethereum, any forks of Ethereum (such as Ethereum Classic or Bitcoin Cash) could also result in forks of Celer Network. These forks could lead to two different versions of Celer Network being developed, which could reduce its overall usefulness.
Lastly, it’s important to note that Celer Network is still a very new project. It has not yet been widely adopted and it remains to be seen how well it will scale as more users begin to use it. There is a risk that it could fail to live up to expectations and become unusable due to congestion or other issues.
Despite these risks, Celer Network has the potential to revolutionize how blockchain applications are scaled. It promises high throughput and low fees while remaining decentralized and user-friendly. However, as with any new technology, there are always risks involved. Potential users should carefully assess these risks before deciding whether or not to use Celer Network.
The Future of Celer Network
Celer Network is a layer-2 scaling solution for blockchain that enables fast, easy and secure off-chain transactions. Celer Network is based on trustless cryptographic technologies to enable scalability without sacrificing decentralization or security. By combining Layer-2 scaling techniques with an incentive-driven liquidity provisioning mechanism, Celer Network can potentially scale blockchains to process millions of transactions per second on mainnets while retaining the decentralized nature of public blockchains.
The native token of Celer Network is called CELR. CELR tokens are used to offer incentives to liquidity providers, pay fees to off-chain service providers, and help bootstrap the initial system state for Layer-2 applications. The total supply of CELR is 10 billion tokens.