Celer Network (CELR) is designed to overcome the scaling limitations faced by some of the most popular blockchains through a combination of scaling technologies, including generalized state channels and rollups, allowing compatible blockchains to significantly increase their throughput and interact more efficiently with each other.
By providing a high-speed layer-2 platform and an easily created sidechain solution, it is designed to facilitate the launch of highly scalable blockchain applications.
One of the first major solutions launched by the Celer Network team is the Celer Network state channel, a sidechain solution that can be used to bridge multi-chain and multi-layer assets. It uses various components, including Celer NetworkPay, Celer NetworkApps, and Celer NetworkNodes, with the aim of creating a highly efficient platform for decentralized applications (DApps) that can help scale layer-1 blockchains.
Beyond this, the Celer Network team has introduced various additional products, including Layer2.finance, a platform that utilizes Celer Network (CELR)’s layer-2 aggregation technology to enhance the efficiency of DeFi, and cBridge, an upgrade that allows low-cost value transfers between various layer-1 and layer-2 chains on the Celer Network state channel network.
As exciting as blockchain is, it leaves much to be desired in terms of transaction speeds and efficiency. Celer Network (CELR) is a cleverly designed layer-2 scaling solution that facilitates the management of off-chain transactions. The Celer Network platform offers fast, simple, and secure off-chain transactions for both payments and smart contracts. The project was one of the first to be developed using the Substrate framework and is part of the Polkadot ecosystem. The general goal of the network is to unlock the full potential of blockchain and revolutionize DApps with more efficient and productive outputs.
Blockchain is a potential answer to a wide variety of problems faced by many industries. Today, technology is making its way into all industry sectors in various forms. However, this technology is not yet perfect, suffering from several challenges, perhaps the most significant of which is the scaling issue. Most blockchains cannot scale sufficiently to support millions of active users.
Celer Network (CELR) provides a response to this challenge with a suite of layer-2 scaling tools used to enhance the efficiency of current generation blockchain networks.

Celer Network (CELR) is developing an off-chain scaling solution to scale various blockchains operating on its platform.
"Off-Chain" (or layer 2) scaling solutions are theoretically superior because they allow the network's blockchain to process smaller transactions and then combine them into a single transaction recognized as "On-Chain." This increases the operational capacity of the system as a whole while reducing the transaction bottleneck on the main chain.
The Celer Network (CELR) network uses a type of layer-2 solution known as state channels to track the state of any arbitrary interaction between two parties, such as a payment or agreement, over the blockchain. It works by allowing two or more parties to reassign value to each other through a smart contract, before finalizing events on an underlying layer-1 chain (like Ethereum), enabling high-speed, low-fee payment channels.
Celer Network (CELR)’s generalized state channel solution allows for the offloading of most transaction processing burdens, providing off-chain smart contracts, payments, and communications, thereby enhancing the speeds and capabilities of layer-1 blockchains. The platform uses a technology package known as cStack (cOS, cRoute, and cChannel) to enable developers to easily create off-chain enabled applications that can utilize Celer Network (CELR)’s state channels for payments and other off-chain transactions.
Other products of Celer Network, including Celer NetworkX, layer2.finance, and cBridge, utilize a variety of different solutions to perform their functions. These will be reviewed in more detail in the next section.
Since its launch in 2018, Celer Network (CELR) has been rapidly building and launching different layer-2 based solutions. As of July 2021, the Celer Network (CELR) team has recently launched the v1.0 of the Layer2.finance DeFi scaling product and the 1.0 version of cBridge. Other main roadmap items for the rest of 2021 include adding ZK Rollup support to layer2.finance and a DeFi aggregation feature to provide a single entry point to the DeFi ecosystem across multiple chains.

The architecture of the Celer Network is called Cstack and consists of four layers, these are:

The platform uses a consensus variation of Proof-of-Stake (PoS) called "Delegated" Proof of Stake (DPoS). With this algorithm, participants delegate the responsibility of confirming transactions to "delegates" while being able to stake their coins to receive rewards.
CELR holders provide tokens for liquidity and are rewarded for doing so. A key point of Celer Network (CELR) is that the platform allows for layer-2 scaling for any blockchain. Thus, the project covers a wide market spectrum, amplifying its liquidity potential and enhancing the product’s reliability, scope, and adoption.

Celer Network (CELR) first emerged in stealth mode in the 3rd quarter of 2018. It was primarily built by an engineering team based in the San Francisco Bay Area. The four co-founders of the platform, Mo Dong, Junda Liu, Xiaozhou Li, and Qingkai Liang, have extensive development experience, with many coming from leading technology companies including Google, Microsoft, and Intel.

The Celer Network (CELR) team consists of highly experienced founders, each academically successful, with doctorates from UC Berkeley, Princeton University, and MIT. Celer Network (CELR) was founded in 2018 by a strong engineering team with incredible technical and specialized experience.
Mo Dong, Co-founder: Before founding Celer Network, he was known as a founding engineer and product manager at Veriflow, working on formal network verification. He is an expert in applying algorithmic game theory to protocol design and teaches full-package smart contract courses. Dr. Mo Dong is a complete expert in algorithmic game theory and protocol development applications.
Junda Liu, Co-founder: Junda is a doctoral student at UC Berkeley. Before founding Celer Network, he worked at Google in 2011 to build the data center-network infrastructure. He was also a founding member of the Project Fi mobile service in 2014 and the Android Technology Leader for operator services.
Xiaozhou Li, Co-founder: Xiaozhou is also a doctoral student at Princeton University. He has worked on distributed systems, networking, storage, and data management. His works have become core components for Google Tensorflow, Intel DPDK, and Barefoot Deep Insight.
Qingkai Liang, Co-founder: Qingkai received his doctorate from MIT. In his academic career, he focused on various learning and control problems emerging from network-connected systems, especially online learning algorithms in adversarial networks. His work has been successfully applied at Raytheon BBN Technologies and Bell Labs.

Celer Network (CELR) is not a separate blockchain but a system connected to the network. Instead, the platform operates on existing and future blockchains. Developers have focused on scalability to enhance the efficiency of crypto blockchains. The founders are confident that in-house solutions will not deliver results for future decentralized blockchains (globally). Instead, they propose solving the issue with their off-chain platforms.
The four levels of the cStack architecture are equally divided to provide several unique benefits. These include: reduced transaction delays, reduced commission for micro-payments, zero commission on off-chain smart contracts, horizontal scaling in the integration of new nodes, the presence of an off-chain crypto-economic model, an optimal routing algorithm for transactions, and support for various blockchains.
cEconomy is a unique crypto-economic model responsible for sustaining stable liquidity and availability for the ecosystem while creating a network effect. The mining algorithm does not require the use of Proof-of-Work (PoW). Users simply need to install the software and keep CELR in their accounts to earn income as a reward for providing liquidity.
As one of the leading layer-2 scaling platforms, Celer Network (CELR) houses a number of unique features that help differentiate it from competitors. These include support for a variety of different scaling solutions, potentially including optimistic rollups and generalized state channels, with the potential to support others in the future, such as Plasma, Validium, and ZK Rollups.
However, perhaps the main distinguishing feature is the diversity of different products in the Celer Network ecosystem. Instead of creating a one-size-fits-all solution, the team behind Celer Network has created several different products to solve specific problems in the industry. These products are as follows.
cBridge
A multi-chain network that facilitates low-cost token transfers between various blockchains and layer-2 solutions while bypassing the need for the base layer as Ethereum (or another layer-1 chain). The technology can be used to practically connect Celer Network (CELR)’s state channel network with any other network and allow for real-value transfers without any limitations.
Layer2.finance
Celer Network (CELR)’s newest key application, Layer2.finance, uses optimistic rollups to enable users to efficiently access Ethereum’s DeFi ecosystem. Through Layer2.finance, users can move their funds between various popular DeFi protocols, including Compound and Aave, while maximizing their returns and keeping transaction fees low. The platform securely aggregates user funds on Celer Network (CELR)’s layer-2 chain to bypass Ethereum’s high transaction fees while interacting with supported DeFi applications.
Celer NetworkX
One of the first products of Celer Network (CELR), Celer NetworkX, is a mobile e-sports platform and gaming application that rewards users in cryptocurrency for playing and competing in skill-based games. The platform is designed for easy integration of games and offers a new way for game developers to monetize their games.
CELR Token
The CELR token is an ERC-20 token built on the Ethereum blockchain. It is also the native token of the Celer Network that will be sold during the ICO.

Short-Term Project Potential
The Celer Network (CELR) token sale will be conducted on the top of an international exchange's Launchpad, and this has already proven to be a major advantage in the current bear market with the latest token sales from BitTorrent (10X at ATH) and Fetch AI.
Use Case
The most significant advancement last year was the emergence and adoption of off-chain solutions (Lightning Network, Raiden, Plasma, etc.). These solutions address one of the main issues faced by distributed ledger technologies - scalability. The ability to process only 4-7 Bitcoin transactions per second is a significant barrier to mass adoption.
If Celer Network (CELR) can realize its vision and overcome existing solutions, it will have a significant impact on its long-term value.
Strategic Partners
Celer Network (CELR) has managed to establish very impressive partnerships with some of the most influential institutions in the crypto market: Examples include Pantera, DHVC, FBG Capital, Fenbushi Capital, 500 Startups, NGC, Waves, and many more.

Competitors
Scalability has been a long-observed issue in the crypto industry, so there are serious competitors in the current market. Of course, the most famous is Lightning Network (LN). LN provides an off-chain solution to the Bitcoin network. It currently has almost 4,000 nodes, 32.3 thousand channels, and more than 3.1 million USD in capacity daily. Integrating into the off-chain solutions market and achieving mass adoption for Celer Network (CELR) will not be an easy task.

The primary use case of CELR is as a platform currency, but it can also be used for other functions such as:

PoLC is a virtual mining process that provides liquidity for the off-chain ecosystem. Users who lock their CELR tokens for a period of time are later rewarded with more CELR tokens.

LiBA allows off-chain service providers to request liquidity through crowd lending (Interest rates are negotiated). There is a ranking system for lenders based on a "happiness score." The score is determined by the interest rate, the amount of liquidity provided, and the amount of CELR staked. As a lender, the more CELR you stake, the higher priority you have in providing liquidity to off-chain service providers.

SGN is a unique side chain that allows any user to send their state for a period of protection before going offline. Users pay a specific fee for this protection. CELR token holders can stake their tokens to earn service fees for providing protection.