Question 1

What is Celestia (TIA)?

Accepted Answer

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​​.

Question 2

What is Celestia (TIA) used for?

Accepted Answer

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​​​​.

Question 3

Who created Celestia (TIA)?

Accepted Answer

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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	TIA-USDT TIAUSDT	binance	AA	0.3524USDT	8.10%	7,686,733.09TIA	59,946	0.3260USDT	0.3546USDT
2	TIA-USDT TIA-USDT	okex	A	0.3525USDT	8.13%	6,284,928.23TIA	23,324	0.3260USDT	0.3547USDT
3	TIA-TRY TIATRY	binance	AA	17.13TRY	8.01%	3,932,380.70TIA	6,682	15.86TRY	17.21TRY
4	TIA-USD TIA-USD	coinbase	AA	0.3523USD	7.97%	2,930,268.07TIA	10,064	0.3263USD	0.3540USD
5	TIA-USDT TIA_USDT	whitebit	BB	0.3523USDT	8.33%	2,649,382.34TIA	33,087	0.3252USDT	0.3548USDT
6	TIA-USDT TIAUSDT	bybit	A	0.3525USDT	8.29%	1,764,551.41TIA	14,787	0.3255USDT	0.3544USDT
7	TIA-USDT TIA_USDT	gateio	A	0.3527USDT	8.26%	1,404,979.80TIA	2,581	0.3258USDT	0.3544USDT
8	TIA-TRY TIA_TRY	whitebit	BB	17.12TRY	7.95%	793,809.60TIA	2,586	15.86TRY	17.19TRY
9	TIA-USDC TIA_USDC	whitebit	BB	0.3524USDC	8.46%	672,729.85TIA	1,685	0.3249USDC	0.3548USDC
10	TIA-USD TIAUSD	kraken	AA	0.3522USD	8.24%	682,712.50TIA	4,669	0.3254USD	0.3540USD
11	TIA-USDC TIAUSDC	binance	AA	0.3523USDC	8.27%	650,724.01TIA	2,922	0.3254USDC	0.3540USDC
12	TIA-BTC TIA_BTC	whitebit	BB	0.0₅4593BTC	6.67%	472,783.20TIA	1,092	0.0₅4306BTC	0.0₅4632BTC
13	TIA-USDT TIA-USDT	kucoin	BB	0.3525USDT	8.16%	472,016.59TIA	1,777	0.3259USDT	0.3543USDT
14	TIA-USDT TIAUSDT_SPBL	bitget	BB	0.3523USDT	8.17%	443,983.30TIA	2,115	0.3257USDT	0.3546USDT
15	TIA-EUR TIA_EUR	whitebit	BB	0.3069EUR	8.71%	307,509.37TIA	812	0.2823EUR	0.3089EUR
16	TIA-USDC TIA_USDC	gateio	A	0.3523USDC	7.94%	236,800.50TIA	468	0.3264USDC	0.3549USDC
17	TIA-EUR TIAEUR	kraken	AA	0.3079EUR	8.80%	142,655.20TIA	424	0.2829EUR	0.3081EUR
18	TIA-USDC TIA-USDC	okex	A	0.3528USDC	8.35%	67,729.87TIA	403	0.3256USDC	0.3539USDC
19	TIA-EUR TIA-EUR	okex	A	0.3071EUR	8.82%	15,436.63TIA	167	0.2823EUR	0.3084EUR
20	TIA-TRY TIA-TRY	okex	A	17.00TRY	7.46%	5,856.70TIA	27	15.82TRY	17.00TRY
21	TIA-USDT TIA_USDT	cryptodotcom	AA	0.3524USDT	8.46%	5,094.90TIA	37	0.3250USDT	0.3524USDT
22	TIA-USD TIA-USD	okex	A	0.3523USD	8.10%	5,039.25TIA	34	0.3259USD	0.3523USD
23	TIA-USD TIA_USD	cryptodotcom	AA	0.3488USD	7.89%	3,221.30TIA	11	0.3233USD	0.3488USD
24	TIA-USDC TIAUSDC	bybit	A	0.3546USDC	9.24%	1,569.24TIA	8	0.3246USDC	0.3546USDC
25	TIA-USDC TIAUSDC	cexio	BB	0.3454USDC	6.19%	531.98TIA	2	0.3253USDC	0.3455USDC
26	TIA-USDT TIAUSDT	cexio	BB	0.3446USDT	5.75%	58.57TIA	6	0.3258USDT	0.3446USDT
27	TIA-USD TIAUSD	cexio	BB	0.3443USD	5.38%	57.54TIA	2	0.3267USD	0.3443USD
28	TIA-USDT tiausdt	huobipro	C	0.3528USDT	8.15%	5,192,157.01TIA	30,844	0.3262USDT	0.3546USDT
29	TIA-USDT tia_usdt	lbank	C	0.3528USDT	8.15%	2,713,717.60TIA	11,172	0.3262USDT	0.3545USDT
30	TIA-USDT TIAUSDT	bitrue	D	0.3525USDT	7.96%	1,735,057.41TIA	40,339	0.3265USDT	0.3546USDT
31	TIA-USDT TIAUSDT	mexc	C	0.3524USDT	7.67%	1,671,499.71TIA	18,506	0.3273USDT	0.3546USDT
32	TIA-USDT tia_usdt	xtpub	-	0.3520USDT	7.98%	1,429,161.69TIA	15,415	0.3260USDT	0.3550USDT
33	TIA-USDT TIA_USDT	coinw	-	0.3529USDT	8.25%	1,388,308.80TIA	3,909	0.3260USDT	0.3540USDT
34	TIA-USD TIA-USD	btse	-	0.3520USD	7.71%	1,240,799.08TIA	73,192	0.3268USD	0.3545USD
35	TIA-USDT sTIAUSDT	phemex	C	0.3518USDT	8.15%	1,144,985.36TIA	5,753	0.3253USDT	0.3551USDT
36	TIA-EUR TIA-EUR	bitvavo	B	0.3086EUR	9.44%	495,660.89TIA	441	0.2820EUR	0.3086EUR
37	TIA-KRW KRW-TIA	upbit	B	486.00KRW	9.71%	396,009.91TIA	537	443.00KRW	488.00KRW
38	TIA-USDT TIA-USDT	bingx	D	0.3523USDT	7.84%	352,029.86TIA	14,476	0.3267USDT	0.3547USDT
39	TIA-TRY TIATRY	btcturk	E	17.20TRY	8.86%	333,165.49TIA	311	15.80TRY	17.30TRY
40	TIA-USDC TIA_USDC	coinw	-	0.3540USDC	8.59%	308,243.71TIA	2,535	0.3260USDC	0.3540USDC
41	TIA-USDT TIA_USDT	bitunix	C	0.3524USDT	8.07%	300,966.22TIA	14,081	0.3261USDT	0.3544USDT
42	TIA-USDT TIA_USDT	bydfi	-	0.3520USDT	7.98%	232,181.30TIA	4,855	0.3260USDT	0.3540USDT
43	TIA-KRW TIA_KRW	bithumbkorea	-	483.00KRW	9.52%	197,531.26TIA	282	441.00KRW	483.00KRW
44	TIA-USDT TIAUSDT	btcturk	E	0.3540USDT	8.92%	186,361.47TIA	143	0.3250USDT	0.3540USDT
45	TIA-USDC TIAUSDC	mexc	C	0.3521USDC	7.51%	160,230.21TIA	3,020	0.3275USDC	0.3543USDC
46	TIA-EUR TIAEUR	bit2me	B	0.3079EUR	8.80%	142,655.20TIA	424	0.2829EUR	0.3081EUR
47	TIA-USDT TIAUSDT	coinex	C	0.3526USDT	8.09%	105,687.65TIA	8,909	0.3262USDT	0.3543USDT
48	TIA-USDT tia_usdt	digifinex	D	0.3523USDT	8.17%	69,070.10TIA	15,822	0.3257USDT	0.3545USDT
49	TIA-USDC TIA_USDC	bydfi	-	0.3520USDC	7.65%	37,682.60TIA	2,825	0.3270USDC	0.3540USDC
50	TIA-USDT TIA-USDT	btse	-	0.3522USDT	8.04%	21,122.99TIA	2,829	0.3260USDT	0.3540USDT