Celestia (COIN: $TIA) is a modular blockchain network built to address scalability challenges in the blockchain world. It achieves this by decoupling the consensus and execution layers. Additionally, it features a data availability sampling (DAS) base layer. The result is a scalable, modular network with great efficiency. It is the perfect union of Cosmos’ interoperability architecture and Ethereum’s rollups.
History of Celestia
Celestia’s mainnet launched at the end of October 2023. Its developers aim to revolutionize blockchain architecture with scalability and unique features like sovereign chains, trust-minimized bridges, credible neutrality, and efficient resource pricing.
How Celestia Achieves Scalability
Celestia achieves scalability via a modular architecture. Tasks are separated between consensus and execution layers. Additionally, it incorporates the novel data availability sampling (DAS) layer. Consequently, network nodes can selectively execute transactions. The result is a system that can support huge demand without compromising security or decentralization.
Celestia incorporates technologies like fraud/validity proofs and DAS. These are designed to ensure light nodes operate under the same security guarantees as full nodes. The result is unparalleled scalability, akin to the highly scalable and decentralized BitTorrent protocol.
The Celestia (TIA) Coin
$TIA is the native coin of the Celestia ecosystem. The coins have a 1 billion hard cap. They are designed with an inflation mechanism of 8% for the first year. After that, inflation will decrease by 10% annually until it reaches an annual inflation rate of 1.5%.
$TIA is a utility coin with numerous use cases. One is that developers pay fees in the coins to access the data availability solutions. The network’s rollups will also utilize TIA as the transaction currency and pay gas fees. Additionally, TIA holders can stake their coins to secure Celestia, a proof of stake network. Finally, TIA is the governance coin of the Celestia ecosystem. Holders of TIA can stake their coins to participate in governance decisions.
TIA Coin Price
$TIA launched at the end of October 2023. Since then, the cryptocurrency has reached the top 100 crypto coins by market cap. With a market cap of $1.26 billion, Celestia (TIA) is the 49th biggest network.
Since its launch, the price of TIA has increased by 306.84%. In the past week alone, the price has grown by 54.19%, while it has grown by 21.76% in the past 24 hours. The TIA coin has a price of $8.55 as of December 2, 2023.
TIA Price Prediction
The Celestia (TIA) team has been working hard to promote $TIA even before its launch. They had already amassed a large following online. By the time it went live at the end of October, it took off immediately. Due to this outstanding performance, some analysts predict TIA could rise to as high as $18.25 by the end of 2024. By 2030, the coin could have grown to a price of $53.98.
Should You Buy TIA?
Celestia (TIA) is an innovative modular blockchain network that offers real value to its users. Early adopters of the project expect it to impact the blockchain landscape significantly. With analysts projecting growth for the price of TIA, holding the coins could boost your portfolio’s value.
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