About Celestia (TIA)
Celestia (TIA) is a blockchain network designed to allow anyone to launch their blockchain with minimal overhead costs. It achieves scalability by fundamentally reimagining blockchain architecture and creating a lean model. This model separates the consensus from execution by incorporating a new component known as data availability sampling. As Celestia does not enforce specific execution or settlement restrictions, developers have free reign to devise their own execution and settlement protocols, unveiling untapped opportunities.
Celestia aims to differentiate itself from other blockchains, which often encounter scalability issues due to inherent functions such as transaction processing, validation, and orchestration. Modular blockchains, conceptualized by Celestia, decouple consensus from transaction execution, thereby improving scalability without compromising security or decentralization.
This modular structure opens a wide range of new possibilities. The ease of experimentation is enhanced as both specific and multi-purpose blockchains can find a place within the Celestia ecosystem, securing their environment directly from Celestia's established validator set. Such modular blockchains enable developers to make adjustments to their technical frameworks without any external constraints, thereby independently controlling their application rules.
Celestia operates based on the Proof-of-Stake blockchain principle, incorporating CometBFT and the Cosmos SDK.
A notable feature is an integration of 'rollups,' where the blockchain shifts a chunk of its functions to a primary layer, such as Celestia. To simplify, rollups transmit their transaction information to Celestia, which organizes the data and makes it accessible to rollup users. Furthermore, rollups inherit some elements of Celestia's security.
Celestia's rollups provide the ease and convenience similar to Layer 2s but also offer the self-governance typically associated with Layer 1s. These types of chains are referred to as sovereign rollups in the Celestia context.
TIA is the native token of Celestia, and serves multiple purposes. These include:
1. Payment for blobspace: Rollups utilize TIA to transfer data to Celestia's blobspace.
2. Network security: Users can stake TIA to participate in consensus, thereby contributing to the security of Celestia.
3. Fuel token for rollups: Developers have the option to use TIA as a gas token for their rollups.
TIA has a maximum supply of 1 billion tokens. The live price of TIA is available and updated in real-time on Binance.
