Details

Last Funding Type

Secondary Market

Industries

Blockchain

Founded date

Jan 1, 2018

Number Of Employee

11 - 50

Operating Status

Active

Celer Network is a technology and economic architecture enabling high scalability of public blockchains with off-chain scaling approaches.

Existing payment network proposals and implementations do not have a clear separation between functional components. This tight coupling poses significant challenges for protocol evolution, because changing one requires changes to the whole stack all the way to the applications. Celer Network draws inspiration from the success of layered network architecture from the Internet and push for a clean abstraction of a four-layered payment network architecture consisting of Channel Management, Payment Routing, Payment Transport and Application Runtime. This architecture enables flexibility and more importantly, independent, and fast evolution on each layer. Within this clean network architecture, Celer Network provides innovative solutions on all layers, with highlights of cChannel, cRoute and cOS .