Celer Network Launches cBridge

Celer Network Launches cBridge for Fast and Low-Cost Transfers

Celer Network’s multi-chain platform cBridge has just gone live on its mainnet. Users can now utilize the newly-launched network to instantly transfer tokens across Ethereum, Arbitrum, Polygon, and Binance Smart Chain at a low cost and latency.

cBridge uses Celer’s existing State Channel technology and aims to take down major challenges preventing a sustainable multi-chain and multi-layer-2 future. It targets issues such as complex UI and UX as well as the high time and cost required to move assets between multiple chains and layers. It especially looks at the anticipated Ethereum layer2 rollup chains i.e. Arbitrum and Optimism. For these, cBridge lets users deposit and withdraw directly and at a fraction of the cost, as well as reducing the time required.

About Celer Network

Celer Network is the most advanced layer-2 scaling platform to build fast, easy-to-use, low-cost and secure blockchain applications at internet scale. Celer was founded by experienced entrepreneurs with PhDs degrees from MIT, Princeton, UC Berkeley and UIUC and has a fast-growing all-star team with years of engineering, product, user growth and marketing experience from tech giants like Google, Amazon, Cisco, Oracle, HP and more.