?Celer Network, an advanced layer-2 scaling platform, has announced a new strategic partnership with Conflux, a blockchain protocol that optimistically processes concurrent blocks without discarding any as forks. It is the first and only Proof of Work (PoW) and Tree Graph (TG) structured public chain system that realizes high transactions per second number, or TPS number (3000–6000TPS under real-time network testing without sacrificing decentralization).
Integrating Celer’s layer-2 scaling solution with Conflux’s novel consensus algorithm, the partnership aims to boost the mass adoption of decentralized applications and equip developers with tools to tackle blockchain scalability, security, and extensibility.
With a solid technical team background, Conflux mission is to create the next generation of distributed systems. The core team consists of an array of top-grade scientists, led by Co-founder Dr. Fan Long, an MIT Ph.
D. holder & ACM SIGSOFT Award winner, and Chief Scientist and Turing Award Winner Prof. Andrew Chi-Chih Yao. The team believes the value of a truly decentralized blockchain system is phenomenal, which could be the next generation revolution. Therefore, Conflux will encourage the incentive program for developers to break through on mass adoption of blockchain. Conflux has launched testnet one month ago, and community activity plan is now undergoing.
In the traditional, single-layered blockchain architecture, blockchain system faces a well-known challenge called “scalability trilemma”?—?it is implausible to build a blockchain that achieves scalability, decentralization, and security all at once. “Layer 2”, or off-chain platforms in its formal name, are infrastructures built on top of underlying blockchains designed to break such trilemma, facilitating a new level of scalability, privacy, and usability for the broader ecosystem. Advantages of off-chain solutions over other scaling solutions lie in its instant finality and low cost, with no compromise to decentralization.
As a leading layer-2 scaling platform, Celer Network enables fast, easy and secure off-chain transactions for payments and generalized off-chain smart contracts, which has already achieved 10,000X transaction latency reduction compared to transactions on the blockchain. More significantly, Celer’s layer-2 technology-driven dApp gateway mobile application CelerX has a strong focus on refining user experience and expanding development framework features, which has gained 18,000 monthly active users from 88 countries with a 20% 7-day retention rate.
Celer Network and Conflux share the same vision on layered architecture and mass adoption of blockchain technology. Both parties have been in constant discussion on technical integration, seeking more interactive user experience and higher throughput performance.
