The Celer Network is a layer-2 scaling platform that enables off-chain transactions. The CelerX testnet app demonstrates how fast and secure off-chain transactions can be. The Celer token (CELR) is an ERC-20 Ethereum token and serves as a multiple incentive system and transaction fee for off-chain service providers. The company aims to launch an application for its token as soon as possible, and hopes to attract large-scale adoption.
The company’s team includes two members who work in marketing and operations. Although its team is relatively small, it faces significant competition from more established payment networks, such as Ethereum. The Celer Network is currently in an early-stage development phase, and lacks a significant social presence. However, it is working to build a solid foundation for its future success, with a long-term plan to launch Cygnus mainnet in July 2019.
The co-founders of the startup all have experience working for high-profile technology companies. For example, Dr. Mo Dong has previously worked as a development engineer at Veriflow and is a bona fide expert in algorithmic game theory. In addition to having deep technical knowledge, Celer has also recently launched a crowdsale platform. If it can achieve this, it could be a great investment. So, if you’re thinking about making a big move in cryptocurrency, consider investing in Celer Network’s tokens.
The company’s founders have strong backgrounds in distributed systems and network infrastructure. They have worked at large tech companies and research labs. Therefore, the Celer team has extensive industry experience from technology giants and top startups. The members of the team also have expertise in formal verification and distributed systems. The Celer network has received multiple awards, including the Internet Innovative Application Award. And while it is a young company, the co-founders are confident that it will grow and thrive with time.
In 2022, the Celer Network will become the dominant currency in the world. The underlying technology is similar to Ethereum, but it works on a different scale. The two networks are built on different layers of the blockchain. The layers are not interconnected, and no one can easily access them. The Celer network is a great long-term investment. It will reduce gas costs on Layer-1 networks, making it more efficient and secure.
The team at Celer Network is made up of four PhDs. The team has eight additional members and a whitepaper was released in June 2018. Several other key milestones include: a. In addition to the project’s cApps layer, the Celer Network has a detailed layer-two architecture. Its cOS development layer and cChannel sidechain provide an environment for highly scalable dapps.