Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
Home Platforms cBridge
cBridge reviews

Average rating of 98% based on 2 reviews.

Founded 2 years ago in 2021.

Use anonymously. No KYC required.

Decentralised exchange.

Reviewed by Yunis
21 October 2022 (Updated 20 September 2023)

cBridge Crypto Platform

Celer Network is an advanced layer-2 scaling platform that brings fast, secure, and low-cost blockchain applications on Ethereum, Polkadot, and other blockchains to mass adoption. Celer Network was founded in California, in 2018, by a successful team of engineers: Mo Dongm, an algorithmic game theory, and protocol development applications expert, Junda Liu who was a leader in Android technology for mobile services, Xiaozhou Li who has studies on distributed systems, networking, storage, and data management, and Qingkai Liang who has focused on various learning and control problems arising from networked systems, especially online learning algorithms in competing networks.

Celer Network (CELR) is designed to overcome the scaling limitations faced by some of the most popular blockchains through various new products and protocols. As it declared on its website, currently Celer Network supports 42 chains and 154 tokens.CelerNetwork is a network on thePolkadotnetwork and serves to increase significantly trading capacity and provide easy interaction among the most famous chains.

To learn about how Celer Network works and makes transactions fast increases capability, we might take a look at the cStack technology that Celer Network uses. Basically, it is a technology that removes the transaction processing burden from the state channels(layer-1) to off-the-chain (layer-2). The Celer Network structure that is called cStack consists of four useful blocks:

cRoute is a mechanism that uses distributed balanced referrals to distribute payments in a decentralized and trustless way and increase operation capacity by putting routes in order on the network.

cOS is an off-chain frame to improve DApp. It organizes transactions, storage, off-chain(layer2) disputes, and monitoring. It is the core of the network that provides the workflow.

cChannel is a side-chain package that works for fast state transitions and is expected to provide liquidity. The eChannel layer makes it possible for gaming applications, exchanges, insurance platforms, and other high-throughput applications to run on the Celer Network. Channels in this block are used to transmit transactions within the network. cApps is an ecosystem application layer used for scaling and user privacy.

Celer Network offers us three main products: State Guardian Network(SGN), Celer cBridge, and Layer2 Finance. State Guardian Network is a special Proof-of-Stake (PoS) chain service that tracks the Layer-1 transactions related to the Layer-2 state and faithfully passes the layer-2 information back to layer-1 if it is necessary.

Celer CBridge has launched in July 2021. Celer cBridge is a multi-cross-chain token bridge that enables quick and easy transfer with lots of chains and DApps. The platform has extended its range along lots of DeFi networks and that makes transactions easy to one click. CBridge allows users to bridge not only their assets but also messages. Message passing through the networks on the bridge is a quite new and exciting advancement for the DeFi world. So, the CBridge is a significant and promising platform on the Celer Network.

Layer-2 Finance protocol is an independent off-chain solution for scaling problems. Celer Network uses Layer-2 to make transactions fast and provide more security. To start layer-2 finance, users can go to the Celer Network website and click Layer2 finance on the product then connect their wallet and then get their transaction done easily.

To mention tokenomics, Celer Network has its governance token CELR which is used for network economy(cEconomy). CELR provides advantages such as paying commissions for services and transactions to off-chain providers and meeting additional costs, accessing the State Guardian position by staking CELR on the State Guardian Network (SGN). Those with State Guardian powers monitor the status of transactions, respond to disputes, and ensure network efficiency and security. The distribution of a total of 10 billion CELR token supply is 25% for PoLC mining rewards and the development of the off-chain ecosystem. 20% for the team. 17% foundation. 5% for marketing and ecosystem. 33% for sales.

In the Celer Network history, there has been only one exploit issue in august 2022. Celer network shut down the cBridge over a suspicious attack on DNS.

Pros

tick $86,979,050 USD currently invested (TVL)

cBridge Staking Yields

1
Hide Filters
Coin
Clear
Select All
CeFi / DeFi
Chain
Clear
Select All
Term
Clear
Select All
Yield
Clear
TVL
Clear
Token Type
Clear
Select All
Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
No matching yield products found

cBridge Reviews

Based on a total of 2 reviews across the web for cBridge we gave the platform an overall rating of 98%.

User Reviews
Overall User Rating
100%
Is This Coin a Scam
100%
1 review 1
Add your own review
Leave a Review for cBridge
Submit Review

cBridge YouTube Reviews

cBridge Scams, Frauds, Hacks and Blunders

19 Aug 2022

cBridge Key Data

Company
Year founded 2021
Decentralised tick Yes
Security
Know your customer cross No
Credit check cross No

ALooking at reviews from across the web, cBridge has an average review score of 98% based on 2 reviews.

Useful Links

cBridge Contact Details

https://cbridge.celer.network/

Platform Comparisons

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

© DeFinda 2023
Share Page Using
Twitter
Email
Whatsapp
Facebook
Reddit
LinkedIn