Celer (group)

Celer is a decentralized blockchain interoperability protocol. Its primary goal is to enable cross-chain communication and composability, allowing different blockchain networks to interact seamlessly. The group focuses on building and developing technologies that facilitate the transfer of value and data between disparate blockchain ecosystems, addressing the issue of blockchain fragmentation.

The Celer Network utilizes a multi-layered architecture to achieve its objectives. Key components include:

• cBridge: A decentralized and non-custodial cross-chain transfer network that supports the instant transfer of assets across various blockchains. It employs state channel and optimistic rollup technologies to enhance speed and reduce costs.

• Inter-chain Message Framework (IMF): A secure and generalized messaging framework enabling arbitrary data transfer between blockchains. This goes beyond simple token transfers, allowing more complex cross-chain interactions.

• Celer State Guardian Network (SGN): A Proof-of-Stake (PoS) chain acting as a guardian of the system. The SGN secures the cross-chain transfers and enables the operation of cBridge and other Celer-powered applications.

The Celer project aims to create a unified, interoperable blockchain landscape, fostering innovation and unlocking the potential of decentralized applications (dApps) across multiple chains. It also seeks to provide developers with a platform to build cross-chain dApps without being limited by the constraints of a single blockchain network. Celer intends to improve the user experience by streamlining cross-chain interactions and lowering transaction fees associated with cross-chain functionalities.