Modular network Celestia goes live on mainnet
Celestia has accomplished the deployment of its mainnet beta, marking the launch of its modular community.
Working underneath the codename Lemon Mint, the mainnet beta introduces information availability sampling (DAS). This know-how goals to supply a brand new scaling methodology that allows blockchain nodes to substantiate information availability with out the need of downloading the whole dataset for a given block. This concept was initially introduced in a whitepaper titled “LazyLedger” 4 years in the past.
“What was as soon as thought-about a wild moonshot is now a actuality 4 years after the LazyLedger whitepaper was revealed,” mentioned Ekram Ahmed, spokesperson on the Celestia Basis. “Celestia is the primary modular blockchain community that securely scales with the variety of customers, making it straightforward for anybody to spin up their very own blockchain.
Upon the mainnet’s launch, Celestia’s native token, TIA, will change into obtainable for buying and selling on main centralized exchanges, together with Binance, Bybit, and KuCoin. Moreover, the decentralized alternate Osmosis has introduced plans to listing the token for buying and selling on its platform.
The ecosystem round Celestia
Celestia’s structure is designed to permit its nodes to concurrently attain a consensus on transactions throughout various chains, all whereas executing these transactions off-chain. It achieves this separation by distinctly isolating the consensus and information availability layers from the execution layer. This configuration allows Celestia to focus totally on creating an organized and systematic method to information storage, whereas leaving the transaction execution to particular person chains.
Though initially in an experimental stage, Celestia’s mainnet beta permits rollups and different modular chains to make the most of its platform for information availability and consensus.
An ecosystem centered on Celestia is already taking form. MilkyWay, a liquid staking protocol on Osmosis, has introduced its assist for Celestia and can quickly introduce a liquid staking spinoff token (stTIA) on the Osmosis blockchain.
Moreover, Arbitrum has built-in Celestia into its Orbit and Nitro tech stacks, whereas the Cosmos-based good contract platform Neutron has launched Nexus, aiming to allow builders to deploy rollups on Celestia.
