๐๐ Celestia: Revolutionizing Blockchain Architecture with Modular Design! ๐ ๐
๐ Let's delve into the exciting world of #Celestia in this captivating thread #TIA. ๐งต๐
1๏ธโฃ 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.
2๏ธโฃ 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.
3๏ธโฃ Whitepaper Analysis: The technology behind it is well-documented. Itโs 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.
4๏ธโฃ Use Case: Developers must pay fees in TIA for Celestiaโs 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.
5๏ธโฃ Team and Leadership: The project is headed by Anurag Arjun, co-founder of Polygon, and the team is based in Dubai, UAE.
6๏ธโฃ Partnerships: Celestia has managed to accrue some important partnerships or integrations, including Chainlink and Arbitrum Orbit.
7๏ธโฃ Recent Developments: In December 2023, Celestia integrated with Polygonโs chain development kit, bringing its data availability solution to thousands of chains and developers on the Polygon (MATIC) ecosystem.
8๏ธโฃ 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.
9๏ธโฃ 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.
๐ 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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