Technology and Crypto-economics for Blockchain Layer-2 Scalability

Celer Network is an Internet-scale,trust-free, and privacy-preserving off-chain scaling platform where everyone can quickly build, operate, and use highly scalable decentralized applications. It is not a standalone blockchain but a generic networked system running on top of existing and future blockchains. It provides unprecedented performance and flexibility through innovations in off- chain scaling techniques and a crypto economics model designed based on game theory principles to bring essential value to the off-chain ecosystem. Celer Network is founded by PhDs from MIT, Princeton, UC Berkeley and UIUC and has a very strong engineering team with years of industry experiences from top startups or tech giants like Google, Amazon, Oracle, Cisco,andHP.Follow us at:Website:https://www.celer.network/Medium:https://medium.com/celer-networkTwitter:https://twitter.com/CelerNetworkTelegram:https://t.me/celernetworkGithub:https://github.com/celer-network

Celer Network

Off-chain scaling techniques such as state channel and side chains are able to support truly scale-out dApps with better privacy and no compromise on the trust-free guarantee. 
Despite its high potentials, off-chain scaling is still in its infancy with challenges remaining unsolved. For example, how to construct state channels that support arbitrary state transitions with minimal on-chain operations? How to route payments to achieve high throughput in an off-chain network that is fundamentally different from data networks? How to help developers to easily build and operate scalable off-chain dApps? How to guarantee that off-chain states are always available for possible disputes?
In this meetup, we will describe how Celer Network meets these challenges. Celer embraces a layered architecture with clean abstractions that enable rapid evolution of each individual component, including generalized state channels that supports fast and generic off-chain state transitions; a provably optimal payment routing algorithm that achieves orders of magnitude higher throughput compared to state-of-the-art solutions; a powerful development framework and runtime for off-chain dApps; and an incentive-aligned mechanism that provides stable liquidity and high off-chain state availability. We provide our vision for Celer Network 2.0, a grand unification of all off-chain scaling technologies into a single solution.
We will also have time to mingle, have some nice beer and fun :D
This event is also joined by our friends from Quarkchain!
-Celer Network Team