What Is Celer (CELR) Network?
The Celer Network (CELR) is a smartly designed layer-2 scaling solution that provides off-chain transactions handling. The Celer platform offers fast, simple, and secure off-chain transactions for both payments and smart contracts.
The project was among the first to be developed using the Substrate framework and is part of the Polkadot ecosystem. As to the overall goal of the network, its founders envisioned unleashing the full potential of blockchain and revolutionizing Dapps with more efficient and productive outputs.
The Celer (CELR) token is a cryptocurrency and layer-2 scaling solution for the Polkadot ecosystem. This crypto is built for decentralised applications. The long-term prediction of the price of the Celer token coin has a big potential to grow and reach a much higher price in the future.
Its rising cost is primarily due to the success of Celer’s Cross-Bridge-to-Layer2 solutions. These solutions support many blockchains and double the amount of users reaching the token. This has led to integration with cryptocurrency wallets. Moreover, Celer CELR token price and more detailed info can be found on the Coinmarketcap.com website.
Co-founders of the Celer Network project are experienced Phds from MIT and Berkley, with plenty of experience in distributed systems and blockchain network infrastructure. They have years of experience in leading tech companies and research laboratories. Additionally, the Celer Network can easily work with any blockchain and will never go out of style. Furthermore, it has a staking mechanism that makes it easy to earn and spend. This ensures that the token will not go down the drain if its price fails to reach its support levels. That is one of the key benefits of the Celer network.
Although Celer is still a relatively new coin, it is backed by a strong team of experienced developers and investors. The co-founders of the company have all received PhDs in Computer Science and experience at leading tech companies. The co-founder Dr. Mo Dong is a bona fide expert in algorithmic game theory, which has been used to develop smart contracts. He previously worked as a development engineer at Veriflow.