CELR

1. Project introduction

Celer Network is a coherent layer2 scalability platform with multi-chain and cross-layer support. By combining State Channel and Layer-2 Rollup together, Celer serves as a platform to cater to a diverse set of applications such as micropayment, DeFi and gaming in a complex scalability tradeoff space: be the focus real-time low latency, high throughput or low-cost.

The followings are key technology of Celer Network.

· Celer State Channel offers instant transaction settlement, real-time interaction, and frictionless bridging of multi-chain and multi-layer assets.

· Celer Rollup scales up layer1 blockchain by acting as a separate and faster chain with a strong tie to the layer1 blockchain to draw “security power” from the layer1 blockchain. This separate layer2 rollup chain carries out computation and stores data of its own. However, “execution trace” including instructions about chain state transition (i.e. “calldata”) and highly compressed chain state (i.e. “stateroot”) is continuously streamed to the layer1 chain. With all these execution traces, whenever needed, layer1 can be used to verify if the state transition on layer2 is valid and stop any malicious attempts on layer2. Celer’s rollup is suitable to solve the scalability challenge on L1 for a wide range of application scenarios with an initial focus on DeFi applications.

· State Guardian Network (SGN) is a decentralized L2 service infrastructure. It serves multiple purposes essential to the Celer L2 platform’s smooth operation.

2. Application

Total Supply: 10Billion

CELR token is the utility token that is required to participate in the State Guardian Network and provide various layer-2 services for Celer Network users.