As the fervor around Bitcoin ETFs subsides, investors are seeking the next hot project. Prior to the market turbulence caused by the Bitcoin halving event, many cryptocurrency enthusiasts had their eyes on Celestia.

Recently, Celestia’s token TIA has demonstrated remarkable performance, reaching new highs and capturing widespread attention from investors and the cryptocurrency community.

Mustafa Al-Bassam, the co-founder of Celestia, was once a formidable top-tier hacker.

This upward trend has made Celestia a hot topic in the community. However, the project’s popularity in the cryptocurrency ecosystem is also fueled by the controversial background of its founder. CEO Mustafa Al-Bassam was once a core member of the hacker group LulzSec, operating under the hacker alias “tFlow.” During that time, LulzSec conducted high-profile cyber attacks on significant targets such as the Central Intelligence Agency and Sony.

Despite his early involvement in hacking activities, Al-Bassam later pursued a degree in computer science at university, marking the beginning of his transformation. Today, he is dedicated to building Celestia, a novel modular blockchain system. His technical expertise and passion for blockchain have positioned Celestia as a noteworthy project.

While Al-Bassam has openly acknowledged his hacking past, some remain skeptical, fearing that his background might negatively impact the development and security of Celestia. However, others appreciate his technical talent and understanding of blockchain, believing that his experiences bring valuable insights and innovative thinking to the project.

Key Features of Modular Layer1 Blockchain Celestia

Celestia is a modular Layer1 blockchain that focuses on sorting transactions and verifying the availability of published data. The core concept of Celestia is to achieve a modular blockchain architecture, allowing developers to break free from the limitations of a single architecture during the blockchain development process, enabling flexible development based on their needs.

The modularity of Celestia consists of the Execution Layer, Settlement Layer, and Consensus & Data Availability Layer:

1. Execution Layer

Composed of Rollups responsible for executing transactions. Celestia utilizes Rollups to provide diverse options for the Execution Layer. In addition to supporting Optimistic Rollup and zkRollup, Rollup solutions like dYmension, Eclipse, and Fuel, built around Celestia, make it possible to connect the public chain with Cosmos and Solana ecosystem projects.

2. Settlement Layer

Notably, Celestia collaborates with Evmos to develop the Cevmos settlement layer. It will be based on Evmos and construct EVM’s recursive Rollup. Each Rollup built on Cevmos will have a bidirectional bridge with Cevmos, allowing the redeployment of existing Rollup contracts and applications from Ethereum, reducing the effort required for application migration.

3. Consensus & Data Availability Layer

Responsible for data availability and consensus mechanisms. All types of data are transmitted to the Data Availability Layer, where nodes store data in the same format they receive from the Settlement Layer. The system incentivizes nodes to store data using $TIA, and nodes use Reed-Solomon encoding and specialized Namespaced Merkle Trees data structures to ensure data availability.

Promising Projects on Celestia

1. Manta Network

A modular blockchain focused on building ZK applications, providing a scalable and low gas fee environment for ZK Dapps.

Manta Network is the first Ethereum L2 adopting Celestia’s modular data availability solution, significantly reducing user transaction costs and developer barriers.

2. Dymension

A modular blockchain network developed using Cosmos SDK and Celestia solution, ensuring the security and interoperability of RollApps.

Dymension’s modular design includes Execution, Settlement, Consensus, and Data layers, providing flexibility for developers. Celestia serves as the data availability provider for Dymension.

3. Ancient8 Chain

An Ethereum Optimistic rollups gaming chain utilizing Celestia’s data availability solution for high scalability, low transaction costs, and fast transaction confirmation.

Ancient8 evolved from a gaming guild to a Layer2 focused on gaming, attracting more gaming applications and users to the OP Chain ecosystem.

4. AltLayer

Supports existing Rollup solutions like OP Stack, Arbitrum Orbit, ZKStack, and Polygon CDK, defaulting to EVM and WASM.

As a modular extension solution, AltLayer enables developers to quickly launch scalable blockchain networks with three-step transaction processing.

In Conclusion

Built using Cosmos SDK, Celestia stands as a powerful and flexible blockchain application platform. Beosin, a leading global blockchain security team, focuses on providing comprehensive security audits for EVM and Cosmos ecosystem applications, contributing to the overall security of the blockchain ecosystem.

Regardless, Celestia, as an emerging cryptocurrency project, attracts attention due to its intriguing architecture and its controversial leader. Investors will continue to closely monitor Celestia’s development, anticipating its potential to stand out in the competitive cryptocurrency market and bring returns to investors. Beosin is currently capable of providing comprehensive security services for the Celestia ecosystem, establishing best security practices for Celestia ecosystem applications, and enhancing project security measures.

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