NEO has made the partnership with the Celer Network in order to improve its scalability and usability of its dApps on the blockchain ecosystem.
Celer Network is a layer-2 scaling platform which ensures secure and fast payment and transactions and smart contracts as well. This Network is also a platform of developing blockchain apps.
NEO which is one of the major blockchains having a smart economic dApp ecosystem needed a platform for the betterment of its scalability and usability of dApps and he has now found the most suitable platform for this purpose.
The blockchain is happy with its partnership with the Celer Network.
Glad to partner with @CelerNetwork, one of the best layer-2 solutions in the industry! Let's build towards better scalability and ecosystem growth together. https://t.co/454xs2a7CN pic.twitter.com/g0mkVla0GW
— NEO Smart Economy (@NEO_Blockchain) September 17, 2019
The integration of the Celer Network and NEO will take place in two phases. The first phase ensures that the engineering team of NEO blockchain will start to write the generalized state channel smart contract of Celer Network in the form of C#. And as a result, it will run on the NEO smart contract VM. The open code, provided by the Celer Network and NEO will then combine into a single entity.
The second phase involves the connection of Celer Node and State Guardian Network with Celer’s generalized state channel smart contracts which will be held on NEO.
This whole process is scheduled to take place in the last quarter of this year. Further details about this partnership are given below in the tweet from Celer Network.
3/3 This partnership details with NEO include:
✅NEO foundation will stake CELR token as one of the major stakers in State Guardian Network (SGN)
✅dApps built with Unified State Channel standard co-created by Celer will be able to add NEO blockchain support in the future
— CelerNetwork (@CelerNetwork) September 17, 2019
The Celer Network is looking forward to benefiting from this partnership and will bring its dApps on the ecosystem of NEO blockchain.