<h3><strong>What is Celestia (TIA)?</strong></h3><p>Celestia (TIA) is a modular blockchain platform designed to decouple consensus, data availability, and transaction execution. This architecture enhances scalability and flexibility for building decentralized applications.</p><h3><strong>How does Celestia work?</strong></h3><ul><li><strong>Underlying Technology:</strong> Operates on a modular framework, focusing on consensus and data availability while enabling custom execution layers.</li><li><strong>Consensus Mechanism:</strong> Uses Proof-of-Stake (PoS), where validators stake TIA tokens to secure the network.</li><li><strong>Smart Contracts:</strong> Supports smart contracts within custom execution environments built on top of its data availability layer.</li></ul><h3><strong>What are the potential use cases for Celestia?</strong></h3><ul><li><strong>Real-World Applications:</strong></li><li style="text-indent: 1em;">Decentralized finance (DeFi) platforms leveraging its modular architecture.</li><li style="text-indent: 1em;">Custom blockchain solutions for industries like gaming and supply chain management.</li><li style="text-indent: 1em;">Data availability services for rollups and other Layer 2 scaling solutions.</li><li><strong>Industries:</strong> Finance, gaming, supply chain, and data management.</li></ul><h3><strong>What is the history of Celestia?</strong></h3><ul><li><strong>2019:</strong> Originated from the LazyLedger whitepaper, proposing a modular blockchain approach focused on data availability.</li></ul><p><br></p>

### What is Celestia?

Celestia is a modular data availability (DA) network designed to securely scale with the number of users. It facilitates the launch of individual blockchains by solving the blockchain trilemma of scalability, security, and decentralization. This is achieved by decoupling execution from consensus and introducing data availability sampling.

### How does Celestia work?

Celestia operates as a modular blockchain architecture, separating consensus, execution, and data availability layers for independent optimisation. It handles consensus and data availability while leaving execution to external systems. The network uses a proof-of-stake consensus mechanism, based on CometBFT and the Cosmos SDK, and employs data availability sampling with 2-dimensional Reed-Solomon encoding and Namespaced Merkle trees for efficient data retrieval.

### What are the potential use cases for Celestia?

Celestia can be used in a variety of scenarios such as:

- Serving as a data availability layer for rollups.
- Facilitating the bootstrapping of new rollups.
- Providing a platform for decentralized governance and proof-of-stake secure consensus.
- Enhancing decentralized finance (DeFi) services including exchanges, lending platforms, and smart contract execution.
- Enabling blockchain deployment for creating independent networks.

### What is the history of Celestia?

Celestia was founded by Mustafa Al-Bassam and others to create a modular blockchain architecture addressing deployment and scalability challenges of blockchains. Notable milestones include raising $55 million in 2022, launching the Mamaki testnet with a new data availability API, and introducing the modular blockchain architecture. The project has seen several significant upgrades, with continuous evolution focusing on modularity, scalability, and security.

Celestia

Ethereum

Cardano

Avalanche

Hedera

Mantle

Cronos

Polkadot

Bittensor

NEAR Protocol

Ethereum Classic

Internet Computer

Aptos

Kaspa

Polygon

Arbitrum

ATOM

Flare

Quant

XDC Network

Celestia (TIA)

Similar Coins

ETH

ADA

AVAX

HBAR

MNT

CRO

DOT

TAO

NEAR

ETC

ICP

APT

KAS

POL

ARB

ATOM

FLR

QNT

XDC

SEI

Resources

Celestia (TIA) Price Index

Celestia Price

Trading volume

Market cap

Resources