The Celer Network (CELR) is a well-thought-out layer-2 scalability solution that handles off-chain transactions. For both payments and smart contracts, the Celer platform provides fast, easy, and safe off-chain transactions.
Celer's main goal is to provide easy smart contract operations, rapid off-chain transactions, and a safe environment for decentralized applications (dApps) on all sorts of blockchain platforms. The project's goal is to assist developers in scaling their dApps using the layer-2 protocol.
The Celer Network is made up of two main technologies: Side Chain technology and the Generalized State Channel Network. Celer Network promotes interoperability while enabling off-chain activities through the usage of the GSCN thanks to side chains. Although the GSCN is complicated, it may be thought as the Lightning Network.
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