Celer Network CELR Price

In the ever-evolving landscape of blockchain technology, Celer Network stands out as a pioneering force, founded by a team of four distinguished PhDs from MIT, Princeton, UC Berkeley, and UIUC. This layer 2 scaling platform is on a mission to transform decentralized applications by providing fast, secure, and efficient off-chain transactions. With a remarkable 10,000X reduction in transaction latency, Celer Network accelerates both payment and smart contracts, introducing a groundbreaking approach to blockchain scalability. The platform's zero off-chain smart contract transaction fees and 100X fee reduction for micro payments demonstrate its commitment to creating a user-friendly and cost-effective ecosystem.

Celer Network is not just about scaling transactions; it's a comprehensive blockchain interoperability protocol. Developers can seamlessly access tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains with a simple one-click user experience. The Celer Inter-chain Messaging Framework enables the development of inter-chain-native DApps, providing efficient liquidity utilization, coherent application logic, and shared states. This innovative approach replaces the need for deploying isolated copies of smart contracts on different blockchains, ushering in a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX. The State Guardian Network, a decentralized Proof-of-Stake blockchain, ensures the security of Celer Network by facilitating message routing between different blockchains, offering fast finality, low cost, and general message passing capabilities.

The platform also boasts a $2 million bug bounty program on Immunefi, inviting community and whitehat efforts to contribute to the continuous improvement and security of the network.

What is unique about Celer Network (CELR)?

Celer Network states that it stands out for achieving a 10,000X reduction in transaction latency, offering zero off-chain smart contract transaction fees, and enabling seamless multi-chain interoperability for decentralized applications.

Who are the founders of Celer Network (CELR)?

Celer Network was founded in 2018 by a team of highly skilled engineers, including Dr. Mo Dong, Dr. Junda Liu, Dr. Xiaozhou Li, and Dr. Qingkai Liang – all holding PhDs from prestigious institutions like MIT and UC Berkeley.

Who are the backers/investors of Celer Network (CELR)?

Celer Network has garnered support from Pantera Capital, Binance Labs, Arrington XRP Ventures, Signum Capital, DFG Capital among others.

Where can I buy Celer Network (CELR)?

You can buy Celer Network (CELR) on Binance, MEXC, Gate.io, Bitget, Coinbase cryptocurrency exchanges.