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Market News

Celestia Mainnet Beta Launch with 580,000 User Airdrop

Celestia prioritizes speed and execution, while monolithic ones can sacrifice decentralization and security for scalability.

Written By Ronak Kumar
Published 2023-10-31
Make The Crypto Times preferred on GoogleGoogle
Celestia Mainnet Beta Launch with 580,000 User Airdrop

A modular blockchain, Celestia, has launched its mainnet beta, offering its native TIA token to 580,000 users. This blockchain addresses scalability and stability issues seen in monolithic blockchains like Ethereum and Solana.

Celestia mainnet is live ✨https://t.co/Sj7RAfTh4W pic.twitter.com/Sd6CsU2dwL

— Celestia (@celestia) October 31, 2023

Modular blockchains, such as Celestia, provide specific channels for speed and execution, while monolithic blockchains often compromise decentralization and security to scale. Celestia uses data availability sampling (DAS) to enhance data transfer speed.

According to Ekram Ahmed, “The industry has now entered a new, modular era with new values, defined by verifiability, abundant block space and collaborative blockchains. Celestia mainnet is a giant leap in our mission to make deploying chains as easy as smart contracts.”

The mainnet beta allows rollups and other modular chains to use Celestia for data availability and consensus. Initially, it features 2MB blocks, with plans for upgrades up to 8MB blocks through an on-chain governance process, aiming to support 1GB blocks in the future.

Celestia’s modular approach and innovative use of data availability sampling make it a promising solution to blockchain scalability and decentralization challenges.

Also Read: dYdX Publicizes Its Open-source In Preparation For Its Mainnet Launch

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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