🚀 Celer State Guardian Network Launches on Mainnet 🚀
We are excited to announce that the Phase One of the Celer State Guardian Network (SGN) mainnet is now up and running! SGN is the last piece of Celer Network’s coherent layer-2 scaling platform. Today’s launch marks another significant milestone of the Celer layer-2 blockchain scaling platform after the Celer State Channel Network, which was successfully launched more than a year ago and supports hundreds of thousands of users today.
TL;dr
SGN will be fully launched out in multiple phases to maximize security and to exercise the SGN on-chain governance functionality . To ensure a fair launch and staking reward distribution, the first phase (now till end of November) will NOT have reward distribution to make sure our community can practice and understand the process of delegation and staking before the reward starts to distribute fairly. We have also included full instructions for our community members who did not get a chance to try the whole process out to try out delegation, and later validation, directly on the mainnet. We also published a block reward schedule out after extensive research on similar projects and we are open to community feedback.
To read more detail see our blog: https://blog.celer.network/2020/11/09/celer-state-guardian-network-launches-on-mainnet/
Retweet: https://twitter.com/CelerNetwork/status/1325892504084869120
We are excited to announce that the Phase One of the Celer State Guardian Network (SGN) mainnet is now up and running! SGN is the last piece of Celer Network’s coherent layer-2 scaling platform. Today’s launch marks another significant milestone of the Celer layer-2 blockchain scaling platform after the Celer State Channel Network, which was successfully launched more than a year ago and supports hundreds of thousands of users today.
TL;dr
SGN will be fully launched out in multiple phases to maximize security and to exercise the SGN on-chain governance functionality . To ensure a fair launch and staking reward distribution, the first phase (now till end of November) will NOT have reward distribution to make sure our community can practice and understand the process of delegation and staking before the reward starts to distribute fairly. We have also included full instructions for our community members who did not get a chance to try the whole process out to try out delegation, and later validation, directly on the mainnet. We also published a block reward schedule out after extensive research on similar projects and we are open to community feedback.
To read more detail see our blog: https://blog.celer.network/2020/11/09/celer-state-guardian-network-launches-on-mainnet/
Retweet: https://twitter.com/CelerNetwork/status/1325892504084869120