Celer Network

 Celer Network (CELR) is a blockchain interoperability protocol designed to facilitate seamless interaction across multiple blockchains. It enables users to access tokens, DeFi (Decentralized Finance), GameFi, NFTs (Non-Fungible Tokens), governance, and more with a one-click user experience. This is achieved through the Celer Inter-chain Messaging Framework, which allows developers to build inter-chain-native DApps (Decentralized Applications) with efficient liquidity utilization, coherent application logic, and shared states.

The network was founded in 2018 by a team of highly skilled engineers, all of whom hold PhDs in Computer Science from prestigious institutions like MIT and UC Berkeley. The co-founders include Dr. Mo Dong, Dr. Junda Liu, Dr. Xiaozhou Li, and Dr. Qingkai Liang, each bringing specialized expertise to the project.

CELR distinguishes itself by offering a diverse multi-blockchain ecosystem with the simplicity of a single-transaction user experience. Rather than deploying isolated copies of smart contracts on different blockchains, developers can build DApps that leverage efficient liquidity utilization and shared states across chains.

The network operates using smart contracts deployed on each chain, paired with the State Guardian Network (SGN), a Tendermint-based blockchain, to facilitate multi-chain interoperability. Users or DApps can send messages or invoke smart contract functions across chains by interacting with the Message Bus smart contract. The SGN validates these messages and relays them to the destination chain, where corresponding logic is executed.

CELR has a maximum supply of 10 billion tokens, distributed for various purposes including PoLC (Proof of Liquidity Commitment) mining rewards, team allocations, foundation support, marketing, and sale. CELR tokens are ERC-20 tokens built on the Ethereum blockchain and serve multiple functions within the network, including staking in the State Guardian Network, participating in governance, and earning rewards from staking and transaction fees.

Security is ensured through the State Guardian Network, which operates on a decentralized Proof-of-Stake (PoS) consensus mechanism. The network has undergone multiple smart contract audits and maintains a bug bounty program to encourage community involvement in identifying and resolving vulnerabilities.

CELR tokens can be traded on various cryptocurrency exchanges, with Binance being one of the prominent platforms. The Celer Network architecture relies on its blockchain State Guardian Network, which utilizes Delegated Proof of Stake (DPoS) consensus to secure and support the network's operations. Validator nodes stake CELR tokens to participate in the consensus process, while users pay fees for utilizing the network's services, which are distributed to CELR stakers and validators.