{"id":"celer-network","version":1,"language":"en","title":"Celer Network","content":"**Celer Network** is an Internet-scale, trust-free, and privacy-preserving platform where everyone can quickly build, operate, and use highly scalable decentralized applications. Celer provides unprecedented performance and flexibility through innovation in off-chain scaling techniques and incentive-aligned crypto-economics.  \n  \n# Overview  \n  \nCeler Network[\\[1\\]](#cite-id-lnjgayaaiah) embraces a coherent and loosely coupled architecture with clean abstractions that enable rapid evolution of each component, including a generalized state channel and sidechain suite that supports fast and generic off-chain state transitions;  \n  \n* A highly efficient state channel payment routing protocol that achieves an order of magnitude higher throughput compared to state-of-the-art solution  \n* A hybrid rollup sidechain that offers users tunable tradeoff on trust performance, and features.  \n* New crypto-economic models that provide strong security, high availability, stable liquidity, and network effect for the off-chain ecosystem. [\\[2\\]](#cite-id-qr2bjbakp7)  \n  \n# Layer-2 blockchain scaling  \n  \nCeler Network consists of a group of layer-2 scaling mechanisms running on top of existing and future blockchains. Blockchain technologies offer a foundation to dramatically expand the scope and freedom of global information sharing and value transfer.[\\[3\\]](#cite-id-ddo7kh6yhvn)  \n  \nCN team envision a future with blockchain-powered decentralized ecosystems where people, computers, mobile, and IoT devices can perform secure, private, and trust-free interactions at a massive scale. [\\[4\\]](#cite-id-sw119vg9kuj)  \n  \nLayer-1 blockchains such as Bitcoin and Ethereum are slow because each operation needs to be processed by most of the nodes to reach on-chain consensus. New on-chain consensus improvements such as sharding and various Proof-of-X mechanisms are continually getting proposed and developed. They make the layer-1 blockchains relatively faster with different tradeoffs but cannot change the fundamental limitations of on-chain consensus. [\\[5\\]](#cite-id-u36ss7xykck)  \n  \n# Celer cryptocurrency  \n  \nCeler Network’s mechanism, cEconomy, is designed based on a fundamental principle which is good crypto-economic (token) model should provide additional values and enable new game-theoretical dynamics that are otherwise impossible.  \n  \nWhile gaining scalability, an off-chain platform is also making tradeoffs on network liquidity and state availability, and it will never take off without a crypto-economic model that can enable new dynamics to balance out these tradeoffs. [\\[6\\]](#cite-id-flis31r7v6d)","summary":"Celer Network is an Internet-scale, trust-free, and privacy-preserving platform where everyone can quickly build, operate.","categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[],"metadata":[{"id":"page-type","value":"generic"},{"id":"references","value":"[{\"id\":\"lnjgayaaiah\",\"url\":\"https://www.celer.network/team.html\",\"description\":\" \",\"timestamp\":1660342740354},{\"id\":\"qr2bjbakp7\",\"url\":\"https://www.youtube.com/watch?v=uy3egMIqysg&ab_channel=CrackingCrypto\",\"description\":\" \",\"timestamp\":1660342751711},{\"id\":\"ddo7kh6yhvn\",\"url\":\"https://medium.com/celer-network/everything-you-need-to-know-about-celer-network-updating-regularly-7f0c73e00205\",\"description\":\" \",\"timestamp\":1660342774629},{\"id\":\"sw119vg9kuj\",\"url\":\"https://www.youtube.com/watch?v=07v3vlTjGqY&ab_channel=BitcoinMagazineNL\",\"description\":\" \",\"timestamp\":1660342783761},{\"id\":\"u36ss7xykck\",\"url\":\"https://www.youtube.com/watch?v=kwfwLup6tZc&ab_channel=LinkTime\",\"description\":\" \",\"timestamp\":1660342791779},{\"id\":\"flis31r7v6d\",\"url\":\"https://twitter.com/celernetwork?lang=en\",\"description\":\" \",\"timestamp\":1660342881201}]"},{"id":"website","value":"https://www.celer.network/#"},{"id":"contract_url","value":"https://etherscan.io/token/0x4f9254c83eb525f9fcf346490bbb3ed28a81c667"},{"id":"twitter_profile","value":"https://twitter.com/CelerNetwork"},{"id":"youtube_profile","value":"https://www.youtube.com/channel/UCv0Rtomj6pfbOtY9eSu1kLA/featured"},{"id":"reddit_profile","value":"https://www.reddit.com/r/celernetwork/"},{"id":"telegram_profile","value":"https://t.me/celernetwork"},{"id":"github_profile","value":"https://github.com/celer-network"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/celer-network/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/celer-network"},{"id":"commit-message","value":"New Wiki Created 🎉"}],"user":{"id":"0x51f01C580d4Bf9dE0E8d43F8bABa80512594D5e3"},"author":{"id":""},"media":[{"name":"uy3egMIqysg","size":0,"id":"https://www.youtube.com/watch?v=uy3egMIqysg","source":"YOUTUBE"},{"name":"07v3vlTjGqY","size":0,"id":"https://www.youtube.com/watch?v=07v3vlTjGqY","source":"YOUTUBE"},{"name":"kwfwLup6tZc","size":0,"id":"https://www.youtube.com/watch?v=kwfwLup6tZc","source":"YOUTUBE"}],"images":[{"id":"QmWmSjvr9tzrQnihmFCT7HqeL3Mo9EZsYCCmvnQiAUajFV","type":"image/jpeg, image/png"}]}