Celer Network

Project Introduction 

Celer Network is a leading layer 2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract. Founded by four PhDs from MIT, Princeton, UC Berkeley and UIUC, the network enables everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics mechanism designs. Celer Network is on a mission to fully unleash the power of blockchain and revolutionize how decentralized applications are built and used. 

Key features

• Already achieved 10,000X transaction latency reduction 
• Zero off-chain smart contract transaction fees
• Accelerates both payment and smart contracts 
• 100X fee reduction for micro payment 
• Horizontally scalable as more nodes joining
• Provably optimal off-chain payment routing algorithm
• The world’s first off-chain crypto economics model to ensure safety and high liquidity
• Blockchain agnostic (already support Ethereum, DFINITY and all EVM based blockchains)

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