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Bankless
What is Celestia ($TIA)? Unpacking Modular Blockchains
Dec 7, 2023
In this engaging conversation, Mustafa Al-Bassam, Co-founder of Celestia and author of the Lazy Ledger white paper, along with Ismail Coffey, Co-founder and CTO, delve into the innovative modular blockchain, Celestia. They discuss its unique approach to data availability, how it significantly improves scalability, and its potential impact on the crypto landscape. The duo further explains the synergies with Ethereum, the economic dynamics of Celestia's native token, $TIA, and the exciting future of decentralized applications built on this groundbreaking architecture.
45:04
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Quick takeaways
- Celestia is a modular data availability network that separates consensus and execution, enabling execution of chains in roll-ups and providing abundant block space and user verifiability.
- Celestia aims to provide a neutral infrastructure for data availability and consensus, allowing developers to choose their preferred execution environment and deploy application-specific roll-ups, promoting a modular and scalable blockchain ecosystem.
Deep dives
Celestia: A Scalable Data Availability Network
Celestia is a modular data availability network that allows easy launching of blockchains and roll-ups without high data fees. It separates consensus and execution, enabling execution of chains in roll-ups. The goal is to create a system where the base layer is only responsible for consensus and data availability. Celestia supports various roll-up frameworks like dimension, arbitrum, and OP stack roll-ups. The native token TIA is used for staking and to pay for data on Celestia. The vision includes one gigabyte blocks, one billion light nodes, and one million roll-ups to provide abundant block space, user verifiability, and empower developers to deploy applications effortlessly.
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