Binance: Celr buy / long 1dBinance: Celr buy / long 1d
Entry: 0.1
SL: 1d close below 0.08
TP: 0.19
As exciting as blockchain is, it can leave much to be desired with transaction speeds and throughput. The Celer Network (CELR) is a smartly designed layer-2 scaling solution that provides off-chain transactions handling. The Celer platform offers fast, simple, and secure off-chain transactions for both payments and smart contracts. The project was among the first to be developed using the Substrate framework and is part of the Polkadot ecosystem. As to the overall goal of the network, its founders envisioned unleashing the full potential of blockchain and revolutionizing Dapps with more efficient and productive outputs.
To learn more about this project, check out our deep dive of Celer Network.
The Celer Network Architecture
The Celer Network architecture (cStack) is built on four elements:
1) cOS: The core of the network that provides the workflow.
2) cRoute: A mechanism that allows an increased operations capacity by streamlining routes within the network.
3) cChannel: Channels for transmitting transactions within the network.
4) cApps: An ecosystem application layer used for scaling and user privacy.
The platform uses a Proof-of-Stake (PoS) consensus variation called Delegated Proof of Stake (DPoS). With this algorithm, participants may stake their coins for a reward while transferring the responsibility of validating transactions to "delegates."
CELR holders will provide tokens for liquidity and will receive a reward for doing so. The key point of Celer is that the platform allows layer-2 scaling for any blockchain. Thus, the project covers a wide spectrum of the market, multiplies the liquidity potential, and increases the product's reliability, coverage, and adaptation.
