Celestia is the first modular blockchain network, providing a scalable and secure data availability platform that adjusts as users grow, enabling the easy launch of blockchains for individuals and companies. Supported by your TIA native cryptocurrency, Celestia is transforming the way we understand and embrace decentralized networks.
These features, associated with the separation of key blockchain functions, are the pillars that differentiate Celestia from traditional monolithic blockchain paradigms.
In this article, we will discuss:
What is Celestia?
Celestia is a data availability (DA) layer designed to solve the problem of scalability in blockchains. The permissionless nature of blockchain networks demands a DA layer that enables the execution and settlement layers to reliably and efficiently verify low need for trust, the availability of transaction data. To achieve this, Celestia implements two main features: data availability sampling (DAS) and Namespaced Merkle Trees (NMTs).
DAS allows lightweight nodes to check data availability without needing to download an entire block. Using a scheme 2D Reed-Solomon encoding, Celestia divides the block data into chunks and organizes them into an extended matrix, which is encoded multiple times by Reed-Solomon. Separate Merkle roots are then calculated for the rows and columns of the extended matrix; the root of the Merkle roots is used as a commitment of the block data in the block header. The lightweight nodes then randomly select coordinates in the extended matrix and query the full nodes for the data chunks and corresponding Merkle proofs. The result of light node queries and Merkle proofs guarantee the availability of block data.
Namespaced Merkle Trees (NMTs) allow Celestia to divide block data into multiple namespaces, one for each application. Each application only needs to download its own data, making verification more efficient and allowing each application to validate the integrity of the block's data. This innovative system promises to solve the scalability challenges faced by blockchains, allowing the processing of large volumes of transactions efficiently and reliably.
Celestia Crypto (TIA)
TIA is the native token of the Celestia ecosystem and plays a key role in building the first modular blockchain network. Its use stands out in the payment functionality for data storage space. Rollup developers use PayForBlobs transactions on the network, paying a fee denominated in TIA to guarantee data availability.
In addition to serving as a means of payment for data availability, TIA plays a crucial role in initiating new rollups. At Celestia's modular vision, launching a blockchain becomes as simple as implementation of a smart contract. To speed up the creation of their chain, developers can use TIA as a gas token and currency, allowing them to focus on the application or execution layer rather than immediately issuing a token.
In the context of a proof-of-stake network, Celestia uses Celestia Crypto to guarantee its own consensus. Any user can contribute to network security by delegating their TIA to a Celestia validator, receiving a share of the validation rewards.
How Celestia Crypto Works
Celestia works through a pioneering and scalable approach that incorporates a number of fundamental elements, such as its Data Availability Layer (DAL) and the strategic use of its native cryptocurrency, TIA. Furthermore, it is based on a proof of stake (PoS) model and adopts a decentralized governance system. Below we explain each of its features better:
- Data Availability Layer (DAL): Celestia operates through its Data Availability layer (DAL), essential for ensuring that information is accessible and verifiable. Using 2D Reed-Solomon encoding technology and Namespaced Merkle Trees (NMTs), this layer allows lightweight nodes to check data availability without the need to download an entire block, providing efficiency and scalability.
- Role of TIA: Celestia's native token, TIA, plays a vital role in the network. In addition to being used to pay for data storage space (blobspace), it is used in transactions to publish data to the data availability layer, as well as for validation and governance activities.
- Proof of Stake (PoS): Celestia relies on a proof-of-stake (PoS) system to ensure network security and consensus. This allows any user to participate in the validation process by delegating their TIA to a validator on the network and, in return, receive validation rewards.
- Decentralized Governance: Celestia's governance is decentralized and community-driven. TIA holders have a voice in decision-making through proposals and votes on changes to network parameters, as well as managing the community pool, which receives a share of block rewards.
- Inflation and TIA Allocation: Annual TIA inflation gradually decreases over time, reaching a long-term issuance rate. The initial TIA allocation was distributed to support the development of the network, with a specific division for future initiatives, research and development.
This approach implies that Celestia takes responsibility for ordering transactions and ensuring data availability, similar to simplifying consensus for an atomic broadcast. With data availability sampling, lightweight nodes with limited resources only need to sample small random segments from each block to verify the existence of data.
TIA Price History
Currently, the cryptocurrency is being traded for US$5,96. Over time, the highest value for TIA was US$6,40 em November 15th, 2023. Already, the lowest price reached was US$2,08 on October 31th, 2023.
How and where to buy Celestia
To buy Celestia (TIA) you need to find an exchance to trade the crypto. If you don't know where to start in the world of cryptos, we've written a step-by-step guide to help you along the way.
- Choosing an Exchange: Select a reliable exchange that offers TIA for trading. Some of the most popular crypto sellers include Binance, Get.io, bitget, KuCoin, among others.
- Create an Exchange Account: The most popular options for exchanging TIA are centralized exchanges (CEX), so you must register with your chosen platform, providing the necessary information and completing the verification process if required.
- Deposit Funds to Account: This can be done via bank transfer, credit/debit card or using other cryptocurrencies to purchase TIA.
- Find TIA trading pair on Exchange: Typically, you can buy TIA using Bitcoin (BTC), Ethereum (ETH), or even fiat currencies like US Dollar (USD) or Euro (EUR).
- Make the Purchase: Place a buy order for TIA at the current market price or set a specific purchase price.
- Store Safely: After purchase, transfer TIA tokens to your own secure wallet, such as a hardware wallet or a trusted software wallet.
Celestia (TIA) Price Prediction 2024, 2025 and 2030.
If you are interested in how Celestia Crypto works, here we have put together price predictions for the cryptocurrency made by some of the websites specializing in the topic.
DigitalCoinPrice: According to DigitalCoinPrice projections, Celestia can in 2024 reach the price between US$12,62 e US$15,24. For 2025, the expectation is an average of US$19,72, with crypto trading at US$17,34 at its worst moment and costing US$20,92 at the highest. Already in 2030, the prediction is that cyrpto will have a minimum value of US$57,30 arriving until US$61,48 at its best.
coincodex: According to the publication, Celestia will reach US$8,06 em 2024, with the lowest value US$5,77. For 2025, growth is expected, with the cryptocurrency being traded at values between US$7,25 e US$13,42. In 2030, the projection points to the lowest value in US$11,41, and price of US$14,44 at its peak throughout the year.
PortalCrypt: Our forecast suggests an average of US$30,69 to Celestia in 2025, varying between a minimum of US$28,34 and maximum US$31,28. For 2030, an average of US$37,75, with a range between US$27,17 e US$50,10.
What is TIA?
TIA is the native cryptocurrency of the Celestia network. It is used to pay transaction fees, fund rollups and participate in Celestia's governance system.
Is Celestia Crypto a good investment?
Celestia could be an interesting investment due to its modular approach and the presence of its native cryptocurrency, TIA, which plays an essential role in the network.
How to buy TIA?
The purchase process involves choosing a reliable exchange, registering on the platform, depositing funds, finding the TIA trading pair, making the purchase and, finally, securely transferring it to your own wallet.
What is the role of the TIA at Celestia?
TIA performs several functions on the Celestia network, including paying fees, encouraging participation in governance, and facilitating the launch of new blockchains.
How can I store Celestia safely?
You can store your TIA in digital wallets compatible with this cryptocurrency. There are specific wallets for secure storage of tokens compatible with the ERC-20 standard.
How can I participate in governance with TIA?
By owning TIA, you can participate in votes on Celestia's governance proposals. Decisions about network improvements are determined by votes from TIA holders.
What is the purpose of TIA inflation?
Celestia Crypto inflation is intended to reward validators and incentivize them to maintain the security and stability of the Celestia network, as well as sustain its governance and development ecosystem.
What is the value of Celestia?
Celestia is currently trading for $5,96, with price fluctuations over time.
Will Celestia appreciate it?
Celestia's valuation projections may vary, however the websites consulted indicate the crypto's appreciation in the coming years.
Celestia price prediction 2025 and 2030?
According to analyzes from different specialized portals, forecasts for Celestia in 2025 range from US$7,25 to US$31,28. For 2030, estimates vary between US$11,41 and US$61,48, considering different market scenarios and projections.