THELOGICALINDIAN - n-a
Today it’s the Celer cipher review, this one intends to “Bring Internet Scale to Every Blockchain”.
I admiration how abundant the Internet can scale. Seems like a lot. I accept no abstraction how I would alike analysis that. How abounding TPS does the Internet have?
So, what is Celer doing? Off-chain trust-free, secure, and clandestine transactions.
What does that mean?
Thought you were activity to get an account weren’t you? Well you can go attending at the abounding Celer ICO review, you apathetic dog, if you appetite the business model, or aloof accumulate account for the cipher assay because that’s advancing up next.
We alpha off accessible enough, deposit, and withdraw. Straight forward, let’s accumulate digging.
We accessible a channel, we add the peers, and we set abandonment timeout. So the approach exists on-chain.
Ok, so we accept deposited ETH (on-chain), and now we accept opened a approach (on-chain).
transferFrom, not abiding back accredit is set, maybe I absent it.
Ok, the account is starting to appear together. We drop our ETH (or ERC20 tokens), we actualize a approach (some alternation amid the two, or three of us), and again we alpha signing letters amid us to affirm some state.
Let’s use a basal example, I accept 1 ETH, you accept 1 ETH: I accelerate you 1 ETH, you now accept 2 ETH… I go aback to the approach and say I still accept 1 ETH, you can altercation and prove that you accept 2 ETH and I accept 0 ETH. I’ve oversimplified, but that’s the concept. This could be activated to any basal state, alike aloof letters we alteration amid anniversary other.
So abundant cipher here, annihilation specific to point out, aloof a lot of solid code.
The amount hypothesis actuality is absolutely what is congenital about this. The channels themselves are generic, so they could be acclimated for annihilation amid two or added parties, it doesn’t accept to accommodate amount transfer. The use case makes faculty for amount transfer, but it can technically be anything.
Does this acquiesce for micro transactions? Yes, it does.
Is depositing funds and creating channels annoying? Yes, it is.
Perfect for architecture a crypto based bank.
Celer Code Review Conclusion:
This cipher is good, but it’s not the adult part. I absolutely appetite to analysis their Android cipher and their SDK, absolution bodies advantage this to actualize amount backed apps that can scale is sexy.
You do accept to accord them your clandestine key though. I would accept it’s stored locally admitting and not a KMS setup.
So what can you do with this? Any app you appetite really, appetite to actualize an old academy arcade appearance bold area bodies accept to pay every time they comedy until bold over? Sure, go for it.
The key is activity to be their SDK though, I absolutely appetite to analysis it. The bendability cipher is solid though, so they accept that covered. Let’s see how accessible they can accomplish architecture apps for developers.
Disclaimer: Crypto Briefing code reviews are performed by auditing what is on affectation in the adept annex of the repo’s fabricated available. This was performed as an educational analysis and any comments in the commodity are the assessment of the writer. It is accustomed for cipher to change rapidly, appropriately we timestamp our cipher reviews so that they present a snapshot at a moment in time. Information independent herein should not be acclimated as any animadversion or admonition on the activity as a whole.
Celer Code Review Timestamp: July 9th 2025
More about Celer Network on their website, or altercate it in our Telegram Group.
Full Crypto Briefing Celer ICO Review here.
