Celer Network

What is Celer Network?

Celer Network serves as a layer-2 scaling solution designed to facilitate the deployment of decentralized applications (dApps) across various blockchain networks. It promotes interoperability within the ecosystem and encourages network participation.

This network operates through smart contracts layered atop existing blockchain infrastructures like Ethereum and Polkadot. The Celer Network team is at the forefront of layer-2 scaling research and is actively developing applications that enhance the functionality of the Celer Network ecosystem. Notably, they have introduced a groundbreaking mobile application known as CelerX, which functions as a blockchain-based esports platform, marking it as the pioneer in its category. Additionally, the team has released the first-ever mobile software development kit (SDK) for layer-2 scaling.

Celer Network's primary objective is to ensure the seamless execution of smart contracts, enable swift off-chain transactions, and provide a secure environment for dApps across diverse blockchain platforms. The core idea behind this project is to assist developers in scaling their dApps through the layer-2 protocol while equipping them with the essential tools and capabilities to address the major challenges faced by current smart contract platforms. As a comprehensive solution framework, Celer Network acts as a vital support system for scaling and enhancing the security of prominent smart contract platforms, including Ethereum.

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Recent Video Interview

Main points of the interview:

• Celer Network's goal of connecting isolated blockchains.
• Facilitates cross-chain communication with its Sea Bridge product.
• Upcoming features like cross-chain DEXes and governance.
• Celer Network's security measures, combining consensus and implementation best practices.

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What Gives Celer Network Value?

The value of Celer Network can be gauged by examining the market price of CELR, although it's important to note that the market price doesn't always align with the true intrinsic value of Celer Network's technology. Intrinsic value is assessed by considering Celer Network's technical capabilities, technology, potential use cases, features, and the extent to which CELR coins are being utilized.

Celer Network functions as a solution for off-chain scaling of transactions and smart contract operations. It offers support for various blockchain ecosystems without necessitating modifications to their core protocols. Celer Network can be implemented on major networks like Ethereum to address some of the most significant challenges faced by blockchain environments, particularly in terms of achieving efficient scaling and interoperability. This practical application is what bestows value upon Celer Network, making it a prominent and valuable project.

Celer Network Team Background and Partnerships

Celer Network, established in 2018, boasts a co-founding team of highly specialized engineers, all holding Ph.D. degrees in Computer Science from esteemed institutions like MIT and UC Berkeley. Each co-founder brings substantial experience from renowned tech companies.

For example, Dr. Mo Dong, with a UIUC Ph.D., previously worked as a founding engineer and product manager at Veriflow, focusing on network formal verification. Dr. Junda Liu, with a UC Berkeley Ph.D., contributed significantly to Google's datacenter networking and Project Fi mobile service, serving as an Android Tech Lead. Dr. Xiaozhou Li, a Princeton Ph.D. holder, made notable research contributions in distributed systems, networking, storage, and data management, impacting Google TensorFlow, Intel DPDK, and Barefoot Deep Insight. Dr. Qingkai Liang, an MIT Ph.D. recipient, specializes in online learning algorithms for adversarial networks, which have practical applications in Raytheon BBN Technologies and Bell Labs.

Celer Network boasts many successful partnerships, including Oasis, Injective, zkEVM, MATTER, Ariadne, Linea, Aura Network, Sui...

Celer Network Project Development

Celer is thrilled to announce its latest integration: cBridge support for the Manta Pacific Mainnet, a groundbreaking EVM-native modular execution layer designed for the widespread adoption of zero-knowledge (ZK) applications. This integration facilitates seamless token bridging on the Manta Pacific Mainnet using cBridge, enabling the transfer of BNB, AVAX, and MATIC tokens between different blockchain ecosystems, including BNB Chain, Avalanche, and Polygon.

Manta Network is a versatile ecosystem for zero-knowledge (ZK) applications, and its Manta Pacific module serves as a unique Layer 2 ecosystem designed specifically for EVM-native ZK applications. It offers scalability and cost-efficiency by leveraging the work of the Manta team in the field of ZK and applying it to a scalable EVM environment. Manta Pacific addresses the need for EVM-native ZK applications by providing programmability, substantially lower gas fees compared to other ZK layers, and scalability.

Celer Network Price Analysis

As of November 24 2024 Celer Network has a marketcap of $103M. This is {{percentagefromath}} from its all time high of $0.194843. In terms of its tokenomics, there's a total supply of 10B with 56% currently outstanding. Keep in mind Celer Network has a fully diluted value of $183M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.