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Celestia

Celestia

TIA
#113
$0.3252Down 3.20 percent($0.01)

Key Stats

Market Cap$315.29MDown 3.20 percent
Volume (24h)$17.64M
Fully Diluted Value$383.06M
Vol/Mkt Cap (24h)5.60%
Total Supply1.18B TIA
Max Supply∞
Circulating Supply969.22M TIA
Launch Date2023-10-31
Block Number14,107,078

Celestia Information

Websites
celestia.orgWhitepaper
Block Explorers
dev.celenium.io
Industries
Decentralized Infrastructure

Celestia Price Converter

CelestiaTIA
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Latest Celestia News

View all
The Protocol: Monad Airdrop + Blockchain Go Live
Neutral

The Protocol: Monad Airdrop + Blockchain Go Live

Positive

Celestia’s TIA Token Rises as ‘Matcha’ Upgrade Preps Network for Cross-Chain Future

Negative

From Airdrop to Freefall: Celestia’s Tokenomics Under Fire

Positive

Ethena, Securitize Target Q2 Mainnet Launch for RWA-Focused Blockchain, Tap Arbitrum, Celestia

Celestia Markets

View all
InstrumentExchangeBenchmark DataPrice24h Change
CelestiaUSDT logo
TIA-USDT
TIAUSDT
binance logobinance
AA
0.3251USDT
-2.37%
CelestiaUSDT logo
TIA-USDT
TIA-USDT
okex logookex
A
0.3250USDT
-2.40%
CelestiaTRY logo
TIA-TRY
TIATRY
binance logobinance
AA
15.80TRY
-2.47%
CelestiaUSDT logo
TIA-USDT
TIAUSDT
bybit logobybit
A
0.3251USDT
-2.43%
CelestiaUSDT logo
TIA-USDT
TIA_USDT
whitebit logowhitebit
BB
0.3247USDT
-2.58%

About Celestia

Celestia (TIA) is a groundbreaking modular blockchain network developed by Mustafa Al-Bassam and Ismail Khoffi. It revolutionizes blockchain scalability and efficiency through its data availability sampling architecture. TIA, its native token, is integral to the network's operation, serving functions related to transaction fees, network security, and governance. The founders' combined expertise in blockchain scaling and engineering has been crucial to Celestia's innovative approach.

Frequently Asked Questions

Celestia is described as a modular data availability network that significantly scales its capabilities with the increase in the number of users. This innovative approach allows for the easy launch of independent blockchains by different users. The key technological innovation in Celestia is data availability sampling (DAS), which underpins the network's ability to scale effectively with user growth. Celestia's architecture is designed in such a way that it separates execution from consensus, which is a departure from traditional blockchain architectures. This separation allows Celestia to function as a minimal blockchain, focusing primarily on data availability​​.

TIA, the native asset of Celestia, fulfils several critical roles within the network:

  • Paying for Blobspace: Developers use TIA to pay for data availability services on the Celestia network. This is done through 'PayForBlobs' transactions, where the fees are denominated in TIA.
  • Bootstrapping New Rollups: Celestia allows developers to launch their own blockchain with ease, similar to deploying a smart contract. In this context, TIA can be used as a gas token and currency for these newly deployed blockchains, especially in their initial stages. This alleviates the need for developers to issue a new token immediately.
  • Proof-of-Stake: Celestia uses a proof-of-stake mechanism, which is built with the Cosmos SDK. This allows users to participate in securing the network by delegating their TIA to validators in exchange for a portion of the staking rewards.
  • Decentralised Governance: Holders of TIA also play a crucial role in the decentralised governance of Celestia. They can vote on network parameters and governance proposals and have a say in the governance of the community pool, which receives a portion of the block rewards​​​​.

Celestia was co-founded by Mustafa Al-Bassam and Ismail Khoffi. Mustafa Al-Bassam, the CEO of Celestia Labs, is known for his work in blockchain scaling and was a co-founder of Chainspace, later acquired by Facebook. Ismail Khoffi, serving as the CTO of Celestia Labs, has a background in engineering, with experience at Tendermint and the Interchain Foundation. Their expertise in blockchain technology and distributed computing has been pivotal to Celestia's development and vision.