The Celer Network revealed its collaboration with Nervos in a blog post. The Nervos Network is a set of protocols and an open-source blockchain ecosystem that aims to address the most pressing problems now afflicting blockchains such as Bitcoin and Ethereum. The necessary integrations on cBridge have now been finished, according to Celer Network, enabling it to handle Godwoken, the EVM-compatible layer 2 from Nervos Network. so what is celer blockchain? and is celer a good investment?
What is Celer Blockchain?
The fastest, easiest-to-use, least expensive, and most secure layer-2 scaling platform for building internet-scale blockchain applications is Celer Network. Celer has a rapidly expanding all-star staff with years of engineering, product, user growth, and marketing expertise from tech giant firms like Google, Amazon, Cisco, Oracle, HP, and more.
With just one click, users may access coins, DeFi, GameFi, NFTs, governance, and more throughout various chains, thanks to Celer. Its Inter-chain Message SDK gives programmers access to common states, cohesive application logic, and effective liquidity utilization for building inter-chain-native dApps. Users of dApps powered by Celer will benefit from a rich multi-chain ecosystem while also enjoying the convenience of a single-arrangement UX, all from a single chain.
How does the Celer Blockchain work?
In order to facilitate scalable and secure operations for platform users and dApp programmers through off-chain transactions, Celer Network is a layer-2 system built atop of other blockchain platforms. Scaling and interoperability, two of the major issues for many blockchain-based networks, can be solved by understanding the anatomy of layer-2 platforms.
For layer-2 protocols to function, the underlying network’s base protocol does not need to be modified or updated, making them an excellent choice for scalability. Instead, a layer-2 protocol communicates with off-chain apps through a smart contract that runs on top of a blockchain like Ethereum.
With the aid of side chains and the GSCN, Celer Network promotes interoperability and makes it possible for off-chain operations. Despite being somewhat sophisticated, the GSCN is comparable to the Lightning Network. The GSCN offers quick off-chain transactions for blockchains like Ethereum, enabling dApps to scale, just as the Lightning Network allows quicker and more affordable operations on the Bitcoin blockchain.
Is Celer CELR token a good investment?
The overall tax volume for Celer Network’s cbridge has surpassed $9 BILLION. As the Celer team integrates additional chains and assets into the bridge while working at breakneck speed, the popularity of the cbridge will increase.
As of July 2022, CELR has an $82 million market cap. The bear market has caused it to trade at a 92 per cent discount to from ATH, which offers the opportunity to DCA and hold for the long term.
Please always do your own research before investing, as we do not offer financial advice.
Is Celer network CELR listed on Binance or Coinbase?
While CELR is already listed on Binance and other exchanges, Coinbase is still not one among them.
Binance and ZB exchanges have the most liquid pairs to purchase CELR.