Ethereum update: Celer and L4: Better state channels through collaboration
**Celer and L4 are excited to announce that we are collaborating on the development of open-source state channels technology.** After several months of informal collaboration and exchanging ideas, we’re excited to begin working more closely together.
Over the next several months, we hope to achieve many shared goals:
* Learn from each other’s contrasting design decisions in our separate codebases.
* Develop shared standards for encoding off-chain state, connecting generalized state channels into networks, developer interfaces, and more.
* Collaborate on cutting-edge research, including zero-knowledge state channel designs, formal verification of generalized state channel models, and more.
Full announcement: [https://medium.com/@CelerNetwork/celer-and-l4-better-state-channels-through-collaboration-650a0090d3e](https://medium.com/@CelerNetwork/celer-and-l4-better-state-channels-through-collaboration-650a0090d3e)
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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