Introduction
Celestia uses a modular blockchain network to revolutionise the scalability and architecture of traditional blockchain systems. As the data over a blockchain increases, the data load increases. With excessive data, it becomes tougher to download and verify the ledger. It is critical to the security of any blockchain to ensure and inspect the ledger of transactions to verify it.
Celestia allows developers to create their customised blockchain layer for enhanced speed, flexibility, and scalability. By separating execution from consensus, Celestia addresses the scalability challenges prevalent in conventional blockchain platforms.
Celestia works in partnership with Polygon. Polygon and Celestia are two players in Ethereum’s rollup-centric roadmap. Polygon creates an ecosystem of tools to help developers easily create new blockchains and decentralised applications. At the same time, Celestia helps layer two rollups scale by providing off-chain data storage, consensus, and verification.
How Does Celestia Work?
Celestia’s approach to scalability hinges on several key factors:
- Modular Design: By dividing responsibilities between execution and consensus, Celestia offers enhanced flexibility and scalability.
- Data Availability Sampling (DAS): This feature allows nodes to process only relevant transactions, reducing network load and enhancing efficiency. Using DAS technology, nodes that cannot download the entire blockchain data (called light nodes) sample only a tiny portion of the data to verify whether the block has been published.
- Security and Resource Efficiency: Celestia uses technologies like DAS and fraud/validity proofs to provide robust security for light nodes with lower resource requirements. As those light nodes are easier to download and validate, the transactions can be validated easily and without requiring excessive resources enhancing both speed and security.
- Architecture: Drawing parallels with scalable and decentralised protocols, Celestia supports many users without compromising decentralisation or security. Parallel decentralised networks do not interact with each other and thus their data does not need to be validated outside their sovereign networks. All those networks can independently verify their data.
Basically, Celestia handles the work and data load by modularly separating the execution, settlement and consensus layers and distributing the resources as required by these respectively.
How to Use Celestia (TIA) Crypto
Celestia’s native token, TIA, plays a vital role in its ecosystem. It is used for:
- Paying fees for Celestia’s data availability solutions
- Gas token and currency for Celestia-based rollups
- Staking in Celestia’s proof-of-stake mechanism
- Participation in decentralised governance
TIA Token Features
- Market Cap – $3,118,410,216
- Volume (24h) – $132,951,172
- Circulating Supply – 163,618,870 TIA
- Total Supply – 1,022,575,342 TIA
Celestia Use Cases and Applications
Celestia’s significance lies in its modular design and scalability solutions. It enables:
- Trust-minimised bridges and sovereign chains.
- High-throughput data availability for rollups and layer-two solutions.
- Easy deployment of custom blockchains by leveraging Celestia’s modular infrastructure.
Future of Celestia
Celestia’s future roadmap includes:
- Increasing block support and upgrading block size- Increase block support from 2MB at genesis to 8MB, upgradeable via on-chain governance. It aims at 1GB block support later.
- Support for pruning historical transaction data – Data which is already validated and verified creates a huge chunk of residue information. Celestia looks forward to pruning the old data which is no longer necessary or needed. Thus keeping the enhanced scalability and adoption relevant for the future.
- Deployment to Ethereum Mainnet- Through several stages, it implements rollup-centric scaling, enhances privacy, and simplifies the protocol. By leveraging solutions like L2 rollups and smart contract wallets, Ethereum aims to achieve global scalability and become a powerful decentralised world computer, enabling widespread adoption. This is where the partnership between Polygon and Celestia becomes significant.
- Development of light nodes for smartphones- As deployment and use of resources are very efficient, the development of light nodes can happen on smartphones and does not require specially built, high-power hardware.
Conclusion
Celestia represents a significant advancement in blockchain technology, offering scalable solutions to the industry’s longstanding challenges. Its modular design and data availability solutions pave the way for a new era of blockchain architecture and collaboration. With its native token TIA playing a pivotal role in its ecosystem, Celestia stands poised to make substantial contributions to the evolving landscape of decentralised technologies.
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