Celer Network to Host Oasys Feeless Bridge Month
Celer Network has announced a month-long event in collaboration with Oasys, a blockchain for games. The event runs from September 23 to October 22 and will allow users to bridge USDC from the Ethereum Foundation to the Oasys Hub without any transaction fees.
Refer to the official tweet by CELR:
CelerNetwork@CelerNetworkСен 22, 2024💸It is the month of feeless bridging! Joining in on the fun is @oasys_games!
📅 Sept. 23 UTC - Oct. 22 UTC
🌉Bridge $USDC from @ethereum to Oasys Hub and enjoy a completely feeless transaction!
(Does not include Gas Fees) pic.twitter.com/HRmp3A5eqR
CELR Info
Celer Network is a multi-layered platform designed to enhance the scalability of blockchain projects. The platform provides developers with tools to create fast, secure, and reliable decentralized applications (dApps).
Celer Network is built on off-chain technology, which allows transactions to be conducted outside the main blockchain network, significantly increasing transaction speed and reducing gas costs. The off-chain technology makes the Celer project particularly useful for gaming, financial applications, micro-payments, and other high-throughput applications.
The main idea is to separate the transaction execution process from the confirmation process. This is achieved by creating "off-chain" channels between participants who can transact with each other without needing to interact with the main blockchain network every time. These transactions can then be "settled" into a single transaction and recorded on the main blockchain.
Celer Network utilizes a native token, CELR, which is used to pay for services within the network and incentivize network participants.