Celer Network Announces Strategic Partnership Agreement with DxChain
We are excited to announce that Celer Network has achieved a strategic partnership agreement with DxChain. Both teams will work closely together to accelerate the development of blockchain infrastructure and provide developers with a set of technical solutions.
The blockchain community is putting considerable effort into the problem of Scalability Trilemma, a term refers to a situation wherein decentralization, scalability, and security cannot reach a perfect balance in a blockchain system. The problem remains unsolved because one of the three components must be compromised in exchange for the performance improvement of the other two. However, many blockchain experts are now questioning and challenging the Scalability Trilemma problem as the blockchain technology continues to be developed. While no public chain can solve all blockchain problems, a hybrid combination of on-chain and off-chain systems can maximally boost the overall performance of a blockchain system.
There are still many application bottlenecks hindering mass adoption of the blockchain technology: enabling computing only for transactions rather than general tasks; storing only small ledger data; failing to provide efficient privacy protection solutions; etc. While some projects focus on improving the architecture and consensus design of Bitcoin and Ethereum to enhance the performance of public chains, DxChain sets its sights on turning the miners’ useless computing into meaningful computing to explore the future of public chains.
The DxChain team believes the next-generation public chains must solve both storage and computing problems in a way to leap the barrier to the blockchain technology and turn it into commercial applications. To that end, DxChain has designed the revolutionary “Chains-on-chain” structure to address data computing, data storage, and privacy protection problems: The master chain is in charge of maintaining transactions, and the two side-chains in the DxChain Network are in charge of data storage and computing respectively. The combination of an immutable master chain and two elastic side-chains can perfectly solve the master chain’s performance problems.
DxChain is building a decentralized network system for high-value data storage and transaction, bringing the data ownership to users themselves. So far, DxChain has released a beta version of its testnet and the testnet explorer. The company plans to officially launch the storage side-chain test network by the end of 2018.
Celer Network, a leading layer-2 scaling platform, will develop and integrate its off-chain scaling solutions on top of DxChain to further boost its scalability. Inspired by the successful layered design of the Internet, Celer Network adopts an off- chain technology stack that can be built on different blockchains, named cStack, which consists of the following layers in bottom-up order:
• cChannel: generalized state channel and sidechain suite.
• cRoute: provably optimal value transfer routing.
• cOS: development framework and runtime for off-chain enabled applications.
Early this November, Celer announced an eye-catching launch of Testnet Centauri and SDK. Its first released product, cWallet acts the gateway to Celer Network. Userswill enter a new world of off-chain applications that are more than 3000X fasterthan on-chain applications.
DxChain is dedicated to solving decentralized storage and computing problems, while Celer is building its flexible generalized state channels and high-performance state routing to bring in another layer of scalability on top of public chains. The strategic cooperation between the two projects will provide developers with a complete set of technical solutions with high-level security, high-speed, and large-capacity storage in a decentralized environment. Collectively, both parties will accelerate the mass adoption of blockchain technologies with the aligned mission.
DxChain is the world’s first decentralized big data and machine learning network powered by a computing-centric blockchain. DxChain is a public chain, it designs a revolutionary “Chains-on-chain” architecture to make blockchain function as a computing unit — data storage and computing, so that the technical characteristics of blockchain can be truly extended to a broader field, promoting the next generation of technology from the bottom. For more information, please visit www.dxchain.com.
About Celer Network:
Celer Network is an Internet-scale, trust-free, and privacy-preserving platform running on top of existing and future blockchains. It enables everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned crypto-economics. For more information, visitceler.networkand get.celer.app.
Follow us at:
- Download here: https://get.celer.app
- Website: https://www.celer.network/
- Telegram: https://t.me/celernetwork
- Twitter: https://twitter.com/CelerNetwork
- Github: https://github.com/celer-network
- Discord: https://discord.gg/Trhab5w
- Meetup: https://www.meetup.com/Celer-Network-Meetup/
- Medium: https://medium.com/celer-network