Watch / Build and Operate Internet-Scale Ethereum dApps on Celer Network

Build and Operate Internet-Scale Ethereum dApps on Celer Network

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Build and Operate Internet-Scale Ethereum dApps on Celer Network

Duration: 00:24:29

Speaker: Mo Dong, Junda Liu, Xiaozhou Li, Qingkai Liang

Type: Talk

Expertise: Intermediate

Event: Devcon 4

Date: Oct 2018

Current Ethereum dApps have low throughput because each operation needs to be processed by the vast majority of nodes to reach on-chain consensus. Off-chain scaling techniques such as state channel are able to support truly scale-out dApps with better privacy and no compromise on the trust-free guarantee. Despite its high potentials, off-chain scaling is still in its infancy with challenges remaining unsolved. For example, how to construct state channels that support arbitrary state transitions with minimal on-chain operations? How to route payments to achieve high throughput in an off-chain network that is fundamentally different from data networks? How to help developers to easily build and operate scalable off-chain dApps? How to guarantee that off-chain states are always available for possible disputes? In this talk, we will describe how Celer Network meets these challenges. Celer embraces a layered architecture with clean abstractions that enable rapid evolution of each individual component, including generalized state channels that supports fast and generic off-chain state transitions; a provably optimal payment routing algorithm that achieves orders of magnitude higher throughput compared to state-of-the-art solutions; a powerful development framework and runtime for off-chain dApps; and an incentive-aligned mechanism that provides stable liquidity and high off-chain state availability.

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About the speakers

JL

Junda Liu

Co-Founder

MD

Mo Dong

Co-Founder

Dr. Mo Dong received his Ph.D. from UIUC. His research focuses on learning based networking protocol design, distributed systems, formal verification and Game Theory.Dr. Dong led project revolutionizing Internet TCP and improved cross-continental data transfer speed by 10X to 100X with non-regret learning algorithms. His work was published in top conferences, won Internet2 Innovative Application Award and being adopted by major Internet content and service providers. Dr. Dong was a founding engineer and product manager at Veriflow, a startup specializes in network formal verification. The formal verification algorithms he developed is protecting networking security for fortune 50 companies. Dr. Dong is also experienced in applying AlgorithmicGame Theory, especially auction theory, to computer system protocol designs. He has been teaching full-stack smart contract courses. He produces technical blogs and videos on blockchain with over 7000 subscribers.

QL

Qingkai Liang

Co-Founder

XL

Xiaozhou Li

Co-Founder

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