Celestia: everyting you need to know about TIA

What is Celestia?

Celestia is a groundbreaking project in the world of blockchain, known as the first modular blockchain. This network enables users to implement their own blockchain with minimal effort. This is achieved by rethinking the architecture of blockchain from the ground up, separating transaction execution from consensus, and introducing a new technique, data availability sampling.

How does Moonbeam work?

The core of Celestia's operation is based on data availability proofs, a method that ensures the availability of data required to verify blocks. This innovative system uses erasure coding, where block data is expanded to ensure that all data published on the network. This makes Celestia extremely efficient in facilitating data availability and consensus for other projects and chains building on top of its technology.

The Moonbeam token

The native token of Celestia, TIA, plays a crucial role in the ecosystem. It is used for transaction fees, staking, and participating in network management. The inflation of TIA starts at 8% per year and reduces by 10% each year until it reaches a long-term issuance rate of 1.5%.

The technology behind TIA.

The native token of Celestia, TIA, is more than just a digital payment method; it is an integral part of the ecosystem that serves multiple crucial functions. In addition to being used for transaction fees, staking, and participating in network management, TIA also plays an important role in ensuring network security and promoting community engagement.

Staking with TIA serves a dual function: it supports network security and rewards participants with staking rewards. This incentivization mechanism is designed to promote an active and engaged community, which is essential for the health and success of the network. TIA's unique inflation model, starting at 8% per year and decreasing by 10% annually until reaching a stable long-term issuance rate of 1.5%, ensures a balance between the need to introduce new tokens into circulation and maintaining the value of existing tokens.

The Celestia ecosystem.

Celestia's modular approach is revolutionary in the blockchain world. By separating the functions of a blockchain - execution, consensus, and data availability - from each other, it creates a versatile system that is better equipped to handle the challenges of scalability and complexity that many traditional blockchain designs face. This approach allows developers to optimize specific aspects of blockchain technology without compromising on other functions.

An important aspect of Celestia's technology is the focus on data availability. This is crucial for maintaining the integrity and reliability of the network because it ensures that all necessary data to verify transactions is available to all participants. Through this innovative approach, smaller, lighter nodes can participate in the network without the need to download all the data from the entire blockchain, contributing to greater decentralization and efficiency.

The modularity of Celestia also allows developers to build custom, application-specific blockchains that can be tailored to their unique requirements. This opens a world of possibilities for innovation in various industries, from finance to logistics, and makes blockchain technology more accessible and usable for a wide range of applications.

Benefits of Celestia

• Increased scalability through separation of functions
• Greater flexibility for developers through modular architecture
• Strong focus on data availability
• Possibility to create custom virtual environments

Disadvantages of Celestia

What are some disadvantages of Celestia?

• As a relatively new concept, the modular blockchain design can bring complexity for new users and developers.
• The dependency on the community and developers for further adoption and growth.

Who is the founder of Celestia?

Mustafa Al-Bassam and Ismail Khoffi are the key figures behind Celestia. Al-Bassam, with a PhD in Computer Science from University College London, is well-known in the blockchain community, especially for his work on blockchain scalability and security. Prior to Celestia, he was a co-founder of Chainspace, acquired by Facebook. His background in hacktivism enhances his expertise in cybersecurity.

Ismail Khoffi, co-founder and CTO at Celestia Labs, has proven himself as a senior engineer at Tendermint and the Interchain Foundation. His technical knowledge of blockchain and experience with large projects are crucial for the development of Celestia.

Together, Al-Bassam and Khoffi form a dynamic duo, combining their experience to position Celestia as an innovative project in the blockchain sector, with a focus on scalability and interoperability.

Expectations for the near future.

Experts expect a minimum price of €16.21 in 2026 and a minimum price of €53.59 in 2031.