šš Celestia: Revolutionizing Blockchain Architecture with Modular Design! š š
š Let's delve into the exciting world of
#Celestia in this captivating thread #TIA. š§µš
1ļøā£ Introduction and Overview: Celestia, also known as TIA, is a modular blockchain network that allows anyone to easily deploy their own blockchain with minimal overhead. It rethinks blockchain architecture, decoupling execution from consensus and introducing a new primitive, data availability sampling.
2ļøā£ Technology and Features: Celestia introduces a revolutionary separation between transaction consensus and execution. It allows other blockchains to use it as a data availability and consensus layer. This unique approach streamlines the entire process, promising increased efficiency while reducing the overall cost of developing decentralized applications.
3ļøā£ Whitepaper Analysis: The technology behind it is well-documented. Itās based on the concept of modular blockchains, which separate the essential functions a blockchain performs. This design aims to provide optimized infrastructure to help blockchains achieve mass scale and make it easier for developers to deploy new blockchains and decentralized applications.
4ļøā£ Use Case: Developers must pay fees in TIA for Celestiaās data availability solutions. Celestia-based rollups will use TIA as a gas token and currency. Being a proof-of-stake chain, Celestia will use TIA for staking. TIA stakers will be able to participate in the decentralized governance of Celestia.
5ļøā£ Team and Leadership: The project is headed by Anurag Arjun, co-founder of Polygon, and the team is based in Dubai, UAE.
6ļøā£ Partnerships: Celestia has managed to accrue some important partnerships or integrations, including Chainlink and Arbitrum Orbit.
7ļøā£ Recent Developments: In December 2023, Celestia integrated with Polygonās chain development kit, bringing its data availability solution to thousands of chains and developers on the Polygon (MATIC) ecosystem.
8ļøā£ Tokenomics : The Total supply is 1.03 billion TIA tokens, and the circulating supply is 177.87 Million, it will gradually increase over time. The TIA Token economy has a deflationary structure, so the total supply will decrease over time.
9ļøā£ Exchanges: TIA tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade is Binance. Other popular options include Bybit, MEXC, Gate.io and many more.
š Conclusion: Celestia (TIA) is a promising project with a unique approach to blockchain technology. Its modular design allows for scalability and efficiency, making it easier for developers to deploy their own blockchains. With strong leadership, strategic partnerships, and a growing market presence, TIA has the potential to make a significant impact in the blockchain space.
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