Celer starts by supporting the ETH bridge between Scroll and our other supported chains on cBridge. This allows users to easily transfer ETH across various protocols.

In the beginning, it uses xLiquidity, a liquidity pool-based model to support token transfers between the Scroll Mainnet and other chains. Also, Celer’s Integrated Cross-Chain Messaging Framework with Scroll allows developers to create dApps with seamless cross-chain application logic. These dApps not only provide seamless cross-chain user experience between various chains and layer-2’s, but can also support features such as NFT bridges, the ability to buy and bid for NFT across different chains, and claim cross-chain rewards.

As we continue to expand interoperability efforts and support more tokens and chains, keep following us for more exciting updates. The potential is truly limitless, and Celer would be delighted to have you with us as we shape the future of cross-chain connections.

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What is Scroll?

Scroll is a native zkEVM Layer 2 scaling solution for Ethereum, taking priority in security and decentralization while offering lower costs, higher speeds, and limitless scalability. Scroll provides almost the same experience for Ethereum developers working on Scroll with byte code level compatibility and high composability. A globally decentralized team established Scroll in 2021 with the goal of addressing the Ethereum scaling trilemma.

What is Celer?

Celer is a blockchain interoperability protocol that facilitates easy access to Token, DeFi, GameFi, NFT, governance solutions, privacy solutions and much more across different chains. Developers can create native dApps providing efficient liquidity use, consistent application logic, and access to shared states using Celer’s Cross-Chain Message SDK. Users of Celer featured dApps will encounter the simplicity of a user experience of a transaction performed on a single chain while also benefiting from the advantages of a multi-blockchain ecosystem.

In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Celer Initiates Bridging for Scroll Mainnet! appeared first on Coin Engineer.

Bitcoin seems to have an increasingly narrow range of movement. If there isn’t any significant movement today, it’s likely that Bitcoin will continue to move horizontally till the end of the week and we may not see any significant price movements until next week. However, data coming in from America today could cause significant changes and swings in the market.

Key Developments Today:

• Non-Agricultural Employment Data will be announced at 15:30 in the USA.
(Expected 163k – Previous 187k)

•Unemployment Rate in the USA will be announced at 15:30.
(Expected %3,7 – Previous %3,8)

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The Latest Status in Cryptocurrencies – October 6

‣ Bitcoin (BTC) BTC/USD pair is trading at $27,516 with a 0.31% rise at the time of writing. Resistance levels for BTC are in the range of $28,500 – $28,850. Support levels are in the range of $27,500 – $26,260.

‣ Ethereum (ETH) ETH/USDT pair is trading at $1621 with 0.61% rise at the time of writing. Resistance levels for ETH are in the range of $1694 – $1731 . Support levels are in the range of $1550 – $1465.

‣ Threshold (T) T/USD pair is trading at $1.40 with a 3.84% rise at the time of writing. Resistance levels for T are in the range of $0.0186 – $0.020. Support levels are in the range of $0.0175 – $0.0159.

‣ Celer Network (CELR) CELR/USD pair is trading at $0.012 with a 2.62% rise at the time of writing. Resistance levels for CELR are in the range of $0.0129 – $0.0135. Support levels are in the range of $0.0118 – $0.0113.

‣ ApeCoin APE/USD pair is trading at $1.19 with a 3.93% rise at the time of writing. Resistance levels for APE are in the range of $1.17 – $1.28 . Support levels are in the range of $1.11 – $1.06.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don’ t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news.

The post The Latest Status in Cryptocurrencies! – October 6 appeared first on Coin Engineer.