#celestia #blockchain

What is Celestia and the $TIA cryptocurrency? 🚀

Celestia is the first modular blockchain that solves the scaling problem by separating the functions of consensus, transaction execution and data availability (DA). Thanks to this network, it allows you to create efficient and decentralized blockchains without compromising security.

🔑 How does Celestia work?

• Modular architecture: Separates consensus, execution and DA, which allows you to scale the network depending on the number of users.

• Data Availability Sampling (DAS): Lightweight verifies only a part of the block, which reduces resource requirements and maintains security.

• Name Markup Merkle Trees (NMT): Allows dApps to selectively load the data they need, optimizing performance.

• Uses a PoS mechanism based on Tendermint Core and Cosmos SDK.

💰 What is TIA? $TIA is Celestia's native token, which:

• Used to pay fees (for example, to publish data in rollups).

• Provides consensus through staking.

• Provides voting rights to govern the network.

• Total issuance: 1 billion tokens. As of December 2023, the market cap exceeded $2.13 billion, and the price has increased by 500% since launch!

📊 $TIA token distribution:

• 26.8% — Celestia Foundation and developers.

• 20% — communities (including airfields).

• 19.7% — Series A and B investors.

• 17.6% — Celestia Labs.

• 15.9% — seed round.

🌟 Why is Celestia unique? It allows developers to create their own blockchains, using it as a DA and consensus layer, without the need for a set of validators. This makes it a key player in the modular blockchain market, although its competitors such as NEAR DA, Avail, and EigenDA are also gaining momentum.