Celer Network will develop its layer-2 solutions for Polkadot, an upcoming blockchain network developed by Web3 Foundation and supported by Parity Technologies.
The sidechain scaling solution is positioned to improve performance beyond what is possible with layer one scaling.
As announced on Feb. 20, Celer Network and the Web3 Foundation have partnered to port Celer's State Channel Network technology to Polkadot's development environment.
Layer Two BenefitsCeler Network focuses on providing a blockchain-agnostic scaling solution based on layer two scaling.
In many ways, Celer works like the Lightning Network, with Dong saying that "Celer is to Lightning what Ethereum is to Bitcoin."
Celer focuses on mitigating the delays in executing a smart contract, where each change of the state needs to be confirmed on the blockchain at a steep cost.
Polkadot is designed with a focus on interoperability and advanced development functionality thanks to Pallets.
Celer will build a "Pallet" on Substrate, the blockchain framework developed by Polkadot.
"The way I look at Polkadot is that it's very different from all the generic smart contract platforms. All the other platforms that exist today are providing an interface to build smart contracts on a single blockchain. But what Polkadot provides is the capability to build a blockchain with a set of primitives."
"For a state channel, one thing that needs to be heavily optimized is the communication between layer one and layer two, for whenever a dispute happens. In Ethereum, we need to write a Solidity parser to parse the ProtoBuf data structure that we defined. But in Polkadot, because it's building on Rust, which has its native ProtoBuf decoder, it becomes much easier to just use that."
Polkadot Will Feature Layer Two Scaling Thanks to Celer Network
Published on Feb 24, 2020
by Cointele | Published on Coinage
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