Celes Chain is an innovative public chain driven by financial services/applications and providing access for regulators and policy makers. Regulators are “super administrators” on the chain and regulate Celes Chain and their applications in all dimensions. In addition, Celes Chain reduce the cost and improve the efficiency of regulations. Therefore, it rebuilds the competition of market and the confidence of institutions.
Celes Chain smart script language, CSSL, is used to develop the business logic of CC, including services such as code, applications, smart contracts, and settlements. The features – including Turing complete, assessment of consumption, automatic execution, compatible with legal compliance, easy-to-use and privacy protection and so on – supports our ultimate goal: “Code is law”. Celes Chain has the compiler specifically designed for translating business logics to legal documents. We set regulators as the special users with maximum access to all levels, all data.