Assets, Ethereum

Is Celer Network on Ethereum?

Celer Network is an off-chain scaling platform that enables fast, easy and secure off-chain transactions for not only payments but also generalized off-chain applications. Celer Network is based on an innovative technology stack consisting of a state channel network, a cStack framework and a cChannel protocol.

These three components work together to provide a comprehensive solution for off-chain scaling.

The state channel network is the foundation of Celer Network. It is a decentralized network of nodes that can be used to securely and efficiently move value and information around without needing to go through the slow and costly process of blockchain settlement.

This makes it possible to scale Ethereum to millions or even billions of transactions per second.

The cStack framework is a collection of smart contracts that provide the necessary infrastructure for building applications on top of Celer Network. It includes contracts for managing user accounts, channels, payments, and more.

NOTE: WARNING: It is important to note that Celer Network is not officially associated with Ethereum. There are several third-party services that offer integration of Celer Network and Ethereum, but it is not officially integrated and there are risks associated with using these services. Please exercise caution and thoroughly research any third-party service you use.

The cChannel protocol is the heart of Celer Network. It is a set of rules that govern how state channels are created, used, and closed.

The protocol is designed to be highly extensible, so that it can support any type of off-chain application.

Celer Network is currently live on Ethereum mainnet and has been battle-tested by thousands of users across the world. We are constantly working to improve the platform and add new features and applications.

So far, we have released several major updates, including support for traditional currencies, ERC20 tokens, and ETH/ERC20 atomic swaps. We are also working on new features such as decentralized exchange, gaming, and social networking.

Celer Network has the potential to revolutionize the way we interact with blockchain applications. By making it possible to scale Ethereum to millions of transactions per second, we can build a new generation of decentralized applications that are fast, efficient, and user-friendly.

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