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Celer Network

As fascinating as blockchain is, it may leave a lot to be desired in terms of transaction speeds and throughput. The Celer Network (CELR) is a well built layer-2 scaling solution that handles off-chain transactions. Off-chain transactions on the Celer platform are quick, easy, and safe for both payments and smart contracts.

The project was one of the first to use the Substrate framework and is part of the Polkadot ecosystem. In terms of the network’s overarching purpose, its creators envisioned releasing the full potential of blockchain and modernizing Dapps with more efficient and productive outputs.