2023-11-14
Celestia is a modular blockchain. A
blockchain transaction consists of 4 parts; execution layer, consensus layer,
data availability and settlement layer.
Celestia allows developers to pick
Virtual Machine to build their own blockchain on Celestia such as Ethereum
Virtual Machine, Solana Virtual Machine, Cosmos SDK, OP Stack, or Arbitrum
Virtual Machine. Developers can use any Virtual Machine of their choice.
Developers can also choose their own settlement layers such as adding rollups. Celestia responsible for Consensus layer and data availability layer. On the other hand, blockchain like Ethereum is a monolithic blockchain.
Celestia launched its mainnet on October 31, 2023. Celestia price surged 126% in 15 days between October 31 and November 14.
The native token of Celestia is called
TIA. TIA currently has the market cap of
$666 million which ranks 70th largest crypto by market cap. Celestia’s
fully diluted market cap is $4.744 billion.
