Celestia’s data-availability blockchain is now available on the mainnet. This makes it the world’s first publicly accessible modular data-availability network.
Celestia’s mainnet will be launched as a series of rollups using the network to provide data and establish consensus.
Airdrops were recently launched by the team, whereby 6% of tokens total supply would be given to participants who met certain criteria.
Data availability means that network nodes can download and store transaction data, and participants are able to access it in order to check or challenge its accuracy.
In layer-1 blockchains such as Ethereum, the network nodes are responsible for downloading data from every block. This prevents invalid transactions being carried out.
What Celestia offers is a data availability layer, which can verify transactions through data availability sampling (DAS) — without the need to download data from an entire block.
Data availability layers can improve the performance of a Blockchain, dramatically improving transaction speed and minimising costs.
Initial blocks are between 2MB to 8MB, and can be upgraded based on the on-chain governance. The 8MB blobspace will be equivalent to around 9,000-30,000 ERC-20 transactions per second.
As part of the roadmap, Celestia plans to increase block size to approximately 1GB.
“Celestia’s mainnet beta launch marks the arrival of the first live modular data availability network with data availability sampling (DAS) light nodes,” Ekram Ahmad, a spokesperson for Celestia Foundation.
Celestia’s mainnet launch follows the unveiling of Nexus — a network of bridges that enables developers to bootstrap liquidity across various crypto ecosystems.
Nexus, developed by Neutron Hyperland Mitosis and Mitosis with the Inter Blockchain Communication protocol IBC and modular security stack created by Hyperlane.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
