Buy Celer Network (CELR)
What is Celer Network?
Celer Network is a layer-2 scaling platform for deploying decentralised applications on various blockchains, enabling interoperability within the blockchain ecosystem. It acts as a solution for off-chain scaling for transactions and smart contract operations, supporting multiple blockchain environments without requiring changes to base protocols.
How does Celer Network work?
Celer Network employs a combination of state channels, similar to Bitcoin’s Lightning Network, and a Distributed Balanced Routing algorithm to enable instant, low-cost transactions with higher throughput. It operates on a proof-of-stake (PoS) consensus mechanism built on Tendermint, allowing different blockchains to communicate, acting as a sidechain that provides layer-1 blockchain-level security with CELR as the platform asset.
What are the potential use cases for Celer Network?
Celer Network has various potential use cases, including decentralised finance (DeFi), decentralised exchanges (DEXs), lending protocols, prediction markets, and bridging liquidity across multiple blockchain platforms. It solves scalability and interoperability issues for many blockchain networks, particularly those with smart contracts and dApps.
What is the history of Celer Network?
Celer Network was founded in Q3 2018 by a team of engineers, including Dr. Mo Dong, Dr. Junda Liu, Dr. Xiaozhou Li, and Dr. Qingkai Liang, who all hold Ph.Ds in Computer Science. Significant milestones include raising $30 million in its initial coin offering (ICO) in March 2019, launching its alpha testnet in May 2019, and the beta version of the Celer Network mainnet in March 2020. The technology has evolved to include a suite of layer-2 scaling tools, such as generalized state channels and rollups, to improve the efficiency of current-generation blockchain networks.
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Frequently Asked Questions (FAQs)
What is the current price of Celer Network (CELR)?
The Celer Network price is $0.02974298 AUD, representing a -10.18% from the day prior.
Where is the best place to buy Celer Network (CELR) in Australia?
The best place to buy Celer Network (CELR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Celer Network (CELR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Celer Network (CELR)?
The trading volume of Celer Network (CELR) is $16.0M AUD in the last 24hrs, representing a -10.18% from the day prior.
How can I buy Celer Network (CELR)?
Celer Network (CELR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Celer Network (CELR)?
The current market cap of Celer Network (CELR) is $166.9M AUD.
Can I convert Celer Network (CELR) to cash?
Yes - With Coinstash you can convert your Celer Network (CELR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Celer Network (CELR) are there?
The current circulating supply of Celer Network (CELR) is 5.6B.
Is Coinstash a safe place to buy Celer Network (CELR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Celer Network (CELR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.