Bring Blockchain to Mass Adoption at cSpeed with Strategic Partners

2 min read

Celer Network aims to bring Blockchain technology to mass adoption. It is an Internet-scale, trust-free, and privacy-preserving off-chain scaling platform where everyone can quickly build, operate, and use highly scalable decentralized applications. It provides unprecedented performance and flexibility through innovations in off-chain scaling techniques and a crypto economics model designed based on game theory principles to bring essential value to the off-chain ecosystem. Celer Network is founded by PhDs from MIT, Princeton, UC Berkeley and UIUC and has an all-star engineering team with years of industry experiences from top startups or tech giants like Google, Amazon, Cisco, Oracle, HP and more. Since we first came out of stealth in Q1 2018 with some early supporters, we have seen significant growth in Celer Network’s vision, technology, team and community. We are traveling at cSpeed towards our vision of blockchain mass adoption.

Today, we are excited to announce Celer Network’s strategic partnerships has expanded significantly. We are humbled by the extremely high interests in our project and we are honored to have the opportunity to have a full spectrum of contributors including top public blockchain platforms, high-profile cryptocurrency funds and traditional ventures funds from all over the world.

Celer Network is like an “operating system” that can run on different blockchains to provide highly scalable, private and secure off-chain dApp platform. The relationship between Celer Network and underlying blockchains bears similarity to the relationship between Windows/MacOS and different kind of underlying computer hardware. Celer Network empowers the lower-layer blockchains with massively improved user experiences. Though we natively support Ethereum, Celer Network is designed to be blockchain-agnostic from day one and we have made significant engineering progress to integrate with a few selected public blockchain partners. We will release our concrete progress soon. Our off-chain scalability vision is also shared and recognized across multiple different top blockchain ecosystems and therefore, we feel thrilled to have Neo Global Capital, Aelf Foundation, QuarkChain Foundation, Qtum Foundation, IoTex Foundation, Stable Fund and Waves Platform contribute to our project.

Blockchain is not going to be successful just because it is a cool and new technology. Blockchain needs to enable the end users to do something entirely new with uncompromised user experiences or to significantly reduce the cost (financially or in human efforts) to do some already-possible things. Fortunately, we are on the right path: think about crypto collectible games, decentralized prediction market, decentralized cryptocurrency exchanges and so many more. But we, as a community, are still failing to achieve the “uncompromised user experience” part. Indeed, it is a high bar to cross. End users are used to millisecond-level response time from the Internet user experiences and what blockchain dApps today can provide is several orders of magnitude worse than this standard. Celer Network’s off-chain scaling technology and developer framework is here to help dApps developers to cross that barrier and get traction for sustainable adoption. Therefore, we hope to access and get introduced to a wide range of current and upcoming decentralized applications and infrastructures and bring them to Celer Network. Fortunately, top blockchain evangelists, funds and application providers with deep connection into this space all share our value and our contributors includes: Pantera, DHVC, FBG, Bixin, BlockVC, Arrington XRP Capital, Fenbushi Capital, Signum Capital, Nima Capital, OK Blockchain Capital, Bgogo, MW Partners, Blockchain Global, Pre-Angel Fund, Fission Capital, Eric Meltzer, Async Capital, Alpha Coin, Oneboat Capital, QuesChain, LYVC, LinkVC, CollinStar, ASBV, Torque VC, Elysium VC, MW Partners, Marvelous Peach, Continue Capital, Sailor Capital, DFG Fund, Spark Capital, Consensus Lab, Bamboo Capital, H.Capital and Strategic Round Capital.

Looking further into the future, we are firm believers that blockchain technology is going to change every aspect of our life. Just like any other technology trend, Blockchain will start from a few niche market and finally jump to the “mainstream”. We want to be exposed to some early mainstream adopters and enable Celer Network to be used as the infrastructure for solutions to key pain points of both consumer industry and enterprise industry. For that, we have an amazing list of contributors from traditional venture world with diverse focuses on B-to-B, B-to-C and C-to-C industry, including Matrix Partners China, FreeS Fund, 500 Startups. 360 Inno Capital, ZMT Capital, Tsinghua Capital and RootsCap.

With the recently added strategic partners, we are light speed ahead to bringing mass adoption to blockchain ecosystem. We will keep the community informed about our progress and future plans.

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