What is Celestia (TIA)?

Celestia is a blockchain platform that offers revolutionary solutions for management and development of decentralized applications. With a unique combination of blockchain technology, this new project takes security and efficiency to the next level.

Thanks to its decentralized and modular architecture, Celestia provides a decentralized and secure foundation for building and scaling applications. Designed to address the limitations of traditional monolithic blockchains, which often struggle to achieve scalability, security, and flexibility. Guaranteeing, in turn, the integrity and privacy of the data at all times. 

What is Celestia and what does it offer us?

Celestia Blockchain is a modular blockchain platform designed to address scalability and data availability challenges in the blockchain ecosystem.

Its main characteristics is that it can split functions into multiple strings, optimizing scalability and interoperability. This unique approach allows Celestia to efficiently process a large number of transactions while ensuring that the data for these transactions is securely available. All this is possible thanks to the use of the Cosmos technology, using the well-known Cosmos SDK and the unique capabilities Proof of Stake (PoS) of this type of networks.

In this way, Celestia offers ease of use, a simple and intuitive interface that allows anyone in the world create their own block chains in just a few minutes. This accessibility opens new possibilities for developers, entrepreneurs, and companies to take advantage of blockchain technology without requiring extensive technical expertise.

Modularity, the construction base of Celestia

Celestia specializes in modular blockchains, which offer several advantages. By separating the consensus and execution layers, it allows for greater flexibility and customization. This allows developers to create custom solutions for specific use cases. This modularity It also improves scalability as each module can process transactions independently, increasing overall transaction performance.

This same modularity can be seen in the structuring of the network, which has four types of nodes:

1. Full node, nodes with all the functions of the Celestia network, especially those related to the storage and availability of network data.
2. LightNode, a reduced capacity version of Full Nodes.
3. BridgeNode, nodes that allow creating connection bridges with other networks and applications that need access to the Celestia network.
4. Consensus Node, the nodes in charge of maintaining the security and validity of the transactions that they mobilize through it.
5. Blobstream, a special type of L2 node, designed so that application developers on Ethereum can access Celestia functionalities.

Furthermore, the data availability It is a crucial aspect of blockchain security and Celestia excels in this area. It uses a data availability layer to ensure the accessibility and integrity of transaction data across multiple chains. This advanced feature improves the reliability of the blockchain system.

Integrated rollups

Furthermore, Celestia takes advantage of rollups to offload work from one layer to another within the network. Rollups are a technique that allows decentralized applications to execute transactions outside the main network chain. Transactions are grouped into blocks and validated by a group of validators. The validation results are then sent to the main chain, where they are recorded as a single transaction, serving as a guarantee for the verifiability and transparency of the network as a whole.

Celestia uses rollups to scale in two ways. First of all, rollups allow decentralized applications execute transactions off the main chain, freeing up mainchain capacity for other applications. Second, rollups allow decentralized applications to execute transactions more efficiently, reducing the cost of transactions.

Celestia supports a wide range of rollups, including: optimistic rollups (optimistic rollups), ZK rollups (ZK-rollups) and third-party validated rollups. The network also provides an application programming interface (API), called Rollkit, which allows developers to create and use these rollup capabilities.

In terms of profitability, Celestia offers larger block space compared to Ethereum, making storing data more affordable. Additionally, the platform uses the $TIA token for gas fees and data storage, creating a decentralized and fluid economy within the Celestia ecosystem.

Features and benefits of Celestia

Overall, Celestia Blockchain stands out as a scalable and easy-to-use solution that brings additional scalability to the blockchain landscape. Its modular design, data availability, and cumulative integration make it an attractive option for developers, entrepreneurs, and businesses looking to harness the power of blockchain technology.

This approach has allowed the project to have the following characteristics and benefits, among which we highlight:

1. Scalability– Celestia achieves scalability through data availability sampling, where only a small sample of data is stored on each node. This allows Celestia to support a large number of transactions without compromising security or decentralization.
2. Security- Celestia inherits its security from its underlying consensus layer, which is protected by a large, decentralized set of validators. This ensures that all applications built on Celestia are highly secure.
3. Flexibility- Celestia's modular architecture gives developers the flexibility to create applications that meet their specific needs. They can choose the virtual machine that best suits their application and customize it as needed.
4. Sovereignty: Celestia applications are sovereign in the sense that they are not controlled by Celestia or any other central entity. Developers have full control over their applications and can update them without needing to fork the Celestia base layer.

Unique aspects and benefits

In addition, they also highlight a series of unique aspects and advantages that differentiate it from other blockchain solutions on the market. Among these we can mention:

1. Modular architecture: Celestia's modular architecture is one of its key differentiators. It allows developers to create custom runtimes that are optimized for their specific needs, while benefiting from the shared security and scalability of Celestia.
2. Data availability sampling: Celestia's data availability sampling mechanism is another key innovation, allowing it to support a large number of transactions without compromising security or decentralization.
3. Focus on data availability: Celestia is focused on providing a secure and scalable data availability layer. This makes it easier for developers to focus on building their applications, without having to worry about the underlying infrastructure.

$TIA, the token of the Celestia blockchain network

Celestia's tokenomic operation is centered around its native token $TIA. With a initial offering of XNUMX billion tokens, Celestia has allocated 60 million $TIA for its launch airdrop, benefiting active users of this new network. The initial issuance of $TIA will respond to an initial inflation mechanism of 8% applicable during its first year, decreasing it by 10% annually until reaching an inflation floor of 1,5% annually.

The $TIA token has various use cases on the Celestia network. Users can use it to pay for data publishing, ensuring the accuracy and integrity of information shared on the platform. Additionally, developers can leverage $TIA as a gas token for their rollups, allowing them to build and deploy decentralized applications more efficiently and cost-effectively. This drives innovation by making it easier to create games, financial applications, and other blockchain-based projects on the Celestia network.

Additionally, the $TIA token offers a number of benefits to users and developers on the Celestia network. By using $TIA to pay for data publishing, users can trust the veracity of the information shared on the platform, promoting transparency and trust in the ecosystem. At the same time, by employing $TIA as a gas token, Celestia encourages innovation and collaboration in the development of decentralized applications. This opens the doors to a wide range of possible future applications, such as immersive blockchain games, decentralized financial solutions, and much more.

Why is Celestia price rising?

The recent rise of the TIA cryptocurrency appears to be driven by the excitement generated by the launch of the Celestia network and the positive perception surrounding its modular approach and its potential in the world of cryptocurrencies.

Despite a start with relatively low transaction volume, the Celestia network is gradually attracting new users, suggesting growing interest in its proposition.

In the crypto community, Celestia has received praise, including from prominent figures such as user @AltcoinSherpa, who has a considerable audience on social platform X and sees this new network as having great potential.

Additionally, Celestia developers continue to strengthen the network with announcements of strategic alliances and improvements focused on improving the scalability of the blockchain ecosystem. For example, in October, they announced a collaboration with the Arbitrum Foundation to integrate Celestia into Arbitrum Orbit and the full Nitro stack. They are also preparing to participate in the Devconnect ETH Istanbul conference and organize another event related to modular blockchains together with Hyperlane, which will take place in Istanbul.