Celer, the third token to be launched on Binance’s Launchpad, has announced the launch of their mainnet – Cygnus, which marks the launch of the world’s first Generalized State Channel Network, starting from Ethereum.

The launch opens up a new dimension of blockchain layer-2 scalability with real-time and zero-fee interaction, instant micropayments and low-latency interoperability for dApps. With these features, the network aims to bring together both the e-sports industry and developers under a single roof.

Celer tweeted,

“Celer’s alpha-mainnet, Cygnus, launched??! The world’s first Generalized State Channel Network opens up an entirely new dimension of #blockchain layer-2 scalability with real-time and 0⃣-fee interaction??…and it’s all possible on @ethereum?? !”

The official blog announced,

“From kickoff, end users will be able to develop skills and play to earn cryptocurrency in Cygnus’ premiere gaming hub, CelerX. We are empowering the developer communities to build skill-based mobile games which they can monetize with CelerX e-Sport Gaming SDK.”

Further, the platform aims to make blockchain easy via their CelerX e-Sport Gaming SDK, which will allow users to monetize their games with as few as 2 lines of codes. The announcement further elucidated that Celer will solve the issues plaguing current apps based on blockchain like horrible UI experience, extreme lags, onboarding fees etc. by distilling Celer Network’s advanced and complex layer-2 scaling technology to benefit users. Additionally, users can earn rewards in ETH, DAI, or CELR tokens by competing with users around the world.

Head of Binance Labs, Ella Zhang, tweeted,

“Along with Celer Network’s cygnus mainnet launch??, CelerX, a mobile e-sports gaming platform powered by blockchain layer-2 technology is also here??! Play e-Sports Games♠️??, Win Crypto Prizes #ETH #DAI #CELR”

A Twitter user, @antiprosynth, remarked,

“I’m impressed that you managed to not mention #Ethereum a single time in the entire article, even though that is what Celer is a layer 2 solution for.”

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time writer at AMBCrypto and a part-time novice trader.

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