Celer Network is a leading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract. It enables everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics.
- Celer Network is a coherent technology and economic architecture to enable Internet-scale public blockchains through off-chain scaling techniques. It can scale out to billions of transactions per second.
- Celer Network provides common design patterns, and handles the operation, storage, tracking, and dispute of off-chain states.
- Generalized state channel and sidechain suite. Supports fast state transitions with generic dependency DAG on networked channels. Flexible constructs to maximize liquidity utilization.
Fast and Interactive
20,000X reduction on transaction latency
Zero transaction fee for off-chainsmart contracts
Solve liquidity, availability and connectivity challenges
The Celer ICO offers one of the most viable layer 2 projects for bringing scalability to the blockchain. On a technical level, Celer employs novel solutions for accessing liquidity and maintaining availability of user states; two issues facing all off-chain scaling networks. With the right strategies to promote adoption of the Celer Network, the project could be a top contender in the scaling race.
Our thoughts on buying the tokens for flipping and investing for the long term are as follows:For flipping: AConsidering the detailed token metrics, including the lock-up terms for private sale, we believe the project offers great short-term potential.For long-term holding: SWe really like the long-term prospect of the project. In fact, we believe Celer is one of the most technically advanced projects that we have looked at that is led by a capable team. We believe on-chain and off-chain scaling solutions are both needed to take decentralized applications to mainstream. No matter how robust on-chain scaling solutions become, the latency is still far higher than off-chain solutions. We believe end users care about user experience more than anything else.Celer, being blockchain agnostic, has a much higher chance to succeed than projects that are only compatible with a single blockchain. We also like how CELR tokens help the network to become more efficient. Therefore, we believe CELR tokens have a great long-term potential.
Picolo Research presents a favorable ‘buy’ rating on Celer Network. Celer’s off-chain full stack architecture coupled with their cryptoeconomics mechanism puts the project favorable as a more advance technology against its peers. Furthermore, we are confident in the team’s abilities to fulfil the project milestones and the potential possibilities such as scaling solution can achieve.
Passed on that.