A New Take For an Old Problem

TL;DR

• The Celestia Basis referred to as the launch of the Celestia network: “The beginning of a brand new period” [for blockchain technology].

• As a substitute of counting on one single blockchain to validate transactions, Celestia connects a bunch of blockchains in a modular approach which all have their particular strengths.

• Whereas the idea of a modular blockchain sounds nice in idea, to ensure that any blockchain to achieve success it actually wants adoption (from builders, traders, and customers).

Full Story

The Celestia Basis simply made a large declare.

They referred to as the launch of the Celestia network: “The beginning of a brand new period” [for blockchain technology].

At first we thought “nahhh, not potential.”

However as we dug into it, we began to come back spherical to the concept that this, actually, often is the begin of a brand new period for blockchain expertise (if it catches on).

What are we on about? Buckle up, issues are about to get nerdy!

We’ve written in regards to the blockchain trilemma up to now.

(The final idea being that the holy grail for blockchain expertise is a excessive stage of decentralization, safety and scale).

Celestia believes they’ve discovered a approach.

Right this moment, ‘monolithic’ blockchains can solely scale on the expense of decentralization and/or safety.

Take Solana for instance: respectable scale, fairly rattling decentralized, however at the price of being hacked 4 occasions up to now 3 years.

In the meantime, Bitcoin is tremendous safe (by no means been hacked), decentralized, however transactions are sluggish and restricted (lacks scale).

Celestia, nonetheless, is a ‘modular’ blockchain.

As a substitute of counting on one single blockchain to validate transactions, they join a bunch of blockchains in a modular approach which all have their particular strengths.

Consider it like this: think about having one single physician do each single kind of surgical procedure – mind surgical procedure, coronary heart surgical procedure, every thing. It will be insane!

As a substitute, most medical doctors have their very own specialties and deal with sufferers with points associated to that specialty.

(Identical goes with blockchains).

Here is our take:

Whereas the idea of a modular blockchain sounds nice in idea, to ensure that any blockchain to achieve success it actually wants adoption (from builders, traders, and customers).

So the query stays – is that this a brand new period for blockchain expertise?

Time will inform!