San Francisco- The most advanced layer-2 scaling platform Celer Network has formed a strategic partnership with GXChain, an industrial level permissionless blockchain with millions of real ID verified users, to deploy off-chain solutions and accelerate the hundreds of dApps’ transactions on its platform. Integrated with Celer’s layer-2 technology, this partnership enables both users and developers on GXChain a new level of scalability and privacy, allowing low fee, fast-paced dApps transactions on a large scale.
GXChain is a fundamental blockchain for the global data economy, designed to build a trusted data internet of value. Benefiting from DPoS based Graphene underlying architecture, GXChain possesses functions including G-ID, GVM, BaaS and Blockcity, which are convenient for application development. DApp-Blockcity, the entrance for users to experience the blockchain world, has more than two-million verified users and provides abundant data for other DApps and strategic partners.
With its more than 2-million verified users, GXChain aims to prioritize the user experience and provide secure, fun and interactive experience on the platform. Therefore, to scale blockchain transaction capacity with no compromise to decentralization is a must need in the ecosystem. Layer-2 solutions can handle much higher throughput by building on top of GXChain’s underlying architecture and running computations off-chain, which would minimize the burden of the root chain. Meanwhile, each of the off-chain transactions do not need to incur any global consensus process and is fundamentally low cost and low latency.
Celer Network is the first known layer-2 solution to comprehensively allow developers and companies to build highly interactive dApps with its large scalability potential. Founded by four PhDs from MIT, Princeton, UC Berkeley and UIUC, Celer Network enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract.With blockchain mass adoption as goal, Celer user counts has grown by 50X to almost 20,000 monthly active users from 88 different countries.
According to Dr. Mo Dong, co-founder of Celer Network, “Celer Network is excited to partner with GXChain, a well established public blockchain with an active community and a large user base. We look forward to utilizing Celer’s high performance layer-2 scaling platform and powerful development framework to build a more efficient and rich blockchain application ecosystem with GXChain.”
MQ Huang, founder of GXChain also said, “ Celer Network is the pioneer in the field of state channels, which is capable of enabling blockchain to the real world business as a layer 2 scaling solution. The cooperation between GXChain and Celer Network can provide dApps developers on GXChain the zero-latency, low-cost development tools. Additionally the cooperation between the two parties will extend from blockchain technology to community building and other areas, which will prosper the ecosystem of both GXChain and Celer Network.”
To provide a more interactive experience for its millions of users, both parties reach the agreement on layered architecture and realize the power of layer-2 scaling. GXChain and Celer have been in constant discussion on technical integration, user growth tactics and community development. The first phase of the partnership will focus on the initial integration on Celer Network’s generalized state channel functionality with GXChain’s fundamental layer. Core engineers from both sides will collaborate and implement the smart contract on GXChain’s main protocol that could interact activities and states off-chain. Also, Celer’s provably-optimal state routing algorithm (cRoute) can provide GXChain with another dimension of unlimited scalability.
Besides the technical integration, Celer and GXChain will plan to co-host global events and campaigns in the near future to educate the community on blockchain scalability solutions and the value of decentralized data economy ecosystem. Celer Network looks forward to continuously working with GXChain team and other ecosystem members to build blockchain ecosystems that are scalable, prosperous and sustainable.
Celer Network: Windy Wang, [email protected]
About Celer Network:
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 staking based security and liquidity mechanisms. Celer Network is on a mission to fully unleash the power of blockchain and revolutionize how decentralized applications are built and used.