Name : Celestia (TIA)

TIA Price : $10.41300 +0.15%

Consensus Mechanism : Proof of Stake

Volume: 94,608,484

Market Cap: 1,897,785,740

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Last Screening: Q1 2024

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Overview

Celestia represents a groundbreaking advancement in web3 technology, offering a solution to the fundamental scaling challenges faced by contemporary blockchains. Through its innovative modular blockchain architecture, Celestia introduces a paradigm shift where specialized blockchains optimize specific tasks, enhancing scalability, flexibility, and interoperability for mass adoption. Functioning as a modular data availability network, Celestia securely scales with user numbers, allowing effortless blockchain launches. Notably, Celestia pioneers scalable solutions such as Data Availability Sampling (DAS) and Namespaced Merkle trees (NMTs) within its Data Availability (DA) layer. DAS enables efficient verification of data availability without the need to download entire blocks, while NMTs empower execution and settlement layers to selectively download relevant transactions. With a proof-of-stake (PoS) blockchain at its core, namely the celestia-app, built using Cosmos SDK and Tendermint consensus algorithm, Celestia heralds the next generation of scalable blockchain architectures.

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