The Blockchain NEO platform plans to add the CELER layer to accelerate the validation processes of its payments. This sidechain system would notably make it possible to deal with smart contracts externally.
Neo in talks
Since its creation in 2014, Neo has always bet on the stability of its platform to seduce the crypto community. Thanks to an ecosystem of highly developed smart contracts, Neo has the reputation of "the Chinese Ethereum, focused on a decentralized and accessible smart economy".
In order to pursue this objective while remaining scalable, Neo plans today to integrate CELER, a second Blockchain layer that would allow it to execute smart contacts outside the Blockchain. In practice, this relocation of the protocol would allow faster transactions.
The growing sidechains
CELER will be to Neo as the Lightning is to Bitcoin as explained by the CEO of Neo, John Wang.
Indeed, the Chinese Blockchain wants to be more inclusive without disadvantaging the performance of the network by leaning on the side blockchains.
In addition, CELER has a powerful technology to compete with other platforms. Thus, it uses native CELR keys and would be 5 times faster than the Bitcoin LN.
For his part, Wang says this is an important step for the Blockchain in the perspective of investor growth.
"A public blockchain is more than a motto: it must have an infrastructure that allows many users to get there," he explains, adding that this gear (the sidechains) allowed people to do anything ".What do you think of Neo's ambition to integrate CELER to increase the performance of its Blockchain? Comment in the comments section.