Key Takeaways
- Celestia (TIA) is a modular blockchain network designed to easily deploy new blockchains.
- Celestia’s mainnet was launched on October 31st, 2023.
- The project’s concept separates the basic functions of how blockchains typically perform, resulting in a scalable and flexible architecture.
- The project aims to make blockchain technology more accessible by simplifying blockchain creation for developers.
What Is Celestia (TIA)?
Celestia (TIA) is a modular blockchain network designed to facilitate the launch of new blockchains. By separating data validation from transaction execution, the project allows developers to focus on building custom blockchains without worrying about scalability limitations.
How Does Celestia (TIA) Work?
Celestia (TIA) functions as a modular blockchain network, meaning it separates different tasks into distinct layers for improved efficiency. Here’s a breakdown of how Celestia works:
Modular Design
Data Availability Layer
This layer ensures that transaction data is securely stored and accessible to everyone. This allows other blockchains (called rollups) to leverage Celestia’s security without storing all the data themselves, making them lighter and faster.
Execution Layer
This layer handles the actual processing and validation of transactions. It’s handled by separate blockchains built on top of Celestia, known as rollups. Developers can choose the execution environment (virtual machine) most suited to their application’s needs.
Celestia (TIA) Token And Tokenomics
Tokenomics
The TIA token is Celestia’s native cryptocurrency. It is used for:
- Staking
- Data Availability
- Network Fees
- Governance
Token Details
Total Supply ∞
Circulating Supply 177,207,911 TIA
Current Price $10.64
Market Capitalization $1,883,194,342
This information is current as of April 16th, 2024, and the token’s price, market value, and available supply may fluctuate.
Distribution
- Public Allocation (20%)
- R&D & Ecosystem (26.8%)
- Early Backers: This category is divided into two parts:
- Seed Round (15.9%) – Tokens allocated to investors who provided early-stage funding.
- Series A & B Rounds (19.7%) – Tokens allocated to venture capitalists and other investors who participated in later funding rounds.
- Initial Core Contributors (17.6%)
- Genesis Drop (6%)
Where Can I Buy Celestia (TIA)?
Binance – Binance is a major exchange offering a wide range of cryptocurrencies. It offers multiple ways to buy crypto, including credit cards, debit cards, and peer-to-peer (P2P) trading.
Bybit – This exchange is known for its derivatives and margin trading features, but you can also use the platform for spot trading.
Coinbase – Coinbase is an American-based cryptocurrency exchange that allows you to buy cryptocurrencies using various payment methods, including bank transfers, debit cards, and wire transfers.
Is Celestia (TIA) A Good Investment?
Pros
- Scalability – Celestia’s modular design separates data availability from transaction execution, allowing for scalability beyond monolithic blockchains like Ethereum.
- Sovereign Rollups – Celestia supports sovereign rollups, which combine the scalability of rollups with the security and decentralization of layer-one blockchains.
- Developer Friendly – Celestia is designed with developers in mind as it offers features like multiple virtual machines (VMs) for creating dApps and networks, making it easier for developers to build on top of Celestia.
Cons
- Early Stage – Celestia is a relatively new project, and its technology is still under development.
- Competition – The blockchain scalability space is crowded, with several other projects offering similar solutions.
- Limited Functionality – Celestia currently focuses on data availability. While it offers a valuable service, it does not provide the full functionality of a general-purpose blockchain like Ethereum.
Final Thoughts
Whether Celestia (TIA) is a good investment depends on your risk tolerance and goals. Remember, this guide provides a starting point for your research. Always conduct your due diligence before making any investment decisions.
