Celer Network

About

Celer Network is a zero-knowledge infrastructure project centered around the CELR token. The Celer Network architecture is supported and secured by its own blockchain State Guardian Network, which uses a Proof-of-Stake (PoS) consensus variation called Delegated Proof of Stake (DPoS). With this algorithm, participants may stake their coins for a reward while transferring the responsibility of validating transactions to "delegates." The Celer State Guardian Network (SGN) is built on Tendermint, and serves as a message router between different blockchains. Validator nodes have to stake CELR tokens to join the consensus process of the SGN.