The Celestia Foundation recently raised $100 million in a funding round led by Bain Capital Crypto, with contributions from investors like Syncracy Capital, 1kx, Robot Ventures, and Placeholder. This funding brings their total to $155 million, supporting their innovative approach to blockchain scalability. Celestia's architecture separates consensus and data availability layers from the execution layer, enabling developers to create more flexible layer-2 rollups. Unlike traditional blockchains like Ethereum, which handle everything on a single layer, Celestia's modular design allows for specialized blockchains, reducing congestion and costs. Their roadmap includes scaling block size to 1 gigabyte, surpassing Visa's network capacity. Celestia faces competition from companies like Eigenlayer and Polygon, but their unique approach has gained market share from Ethereum. With a focus on scalability and efficiency, Celestia is poised to revolutionize blockchain technology. Read more AI-generated news on: https://app.chaingpt.org/news