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What is Celestia ($TIA)? Unpacking Modular Blockchains
Dec 7, 2023
Celestia's token has been up over 200% since launch, making it almost a $7B network. In this episode, we hear from Celestia co-founders Mustafa and Ismail as they discuss the valuable aspects of Celestia and its vision for crypto. They dive into topics such as the modular thesis, the relationship between Celestia and Ethereum, the economics of Celestia, Celestia's SDK, and their current and future projects. They also explore the concept of Celeste as a data bridge between Ethereum rollups and Ethereum, enabling a more decentralized approach to handling data.
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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