What is Celestia (TIA)? How Does It Work?
Celestia (TIA) has introduced an innovative structure by stepping outside the conventional blockchain framework, bringing a new perspective to blockchain technology. In this article, you can find answers to questions you might have about Celestia (TIA), which claims to provide a radical solution to the scalability issues of blockchains, such as: What is Celestia (TIA)? How does Celestia (TIA) work? How is TIA stored? Where can TIA be purchased?
Purpose and Establishment Process of Celestia (TIA)
Founded in 2019 under the name LazyLedger by Mustafa Al-Bassam, Ismail Khoffi, and John Adler, the work on Celestia’s technology dates back to 2018. Celestia officially launched on October 31, 2023.
Celestia (TIA) aims to solve the scalability problem of blockchains. The blockchain structure of Celestia is different from existing blockchain structures. While traditional blockchain structures are defined as Monolithic, Celestia’s blockchain structure is described as Modular.
Monolithic and Modular Blockchain
In the current blockchain infrastructure, the processes of transaction validation, sequencing, and finalization by adding them to blocks are similar. In this blockchain infrastructure, which has a similar rule set, the consensus mechanism handles multiple tasks.
The Celestia (TIA) blockchain aims to solve the scalability problem by reducing the role of the consensus layer to a single level. In Celestia’s infrastructure, the processes of sequencing, validation, and finalization of transactions are separated from the consensus layer, with each positioned as an independent layer. The Celestia (TIA) consensus mechanism is responsible for data storage and distribution, which are essential for verifying the accuracy of blockchains.
As each layer operates independently in its respective task, the effectiveness of the Celestia (TIA) consensus mechanism increases. This increased effectiveness ultimately provides an alternative solution to the scalability problem by enabling the storage and distribution of more data.
Celestia (TIA) Node Structure
In monolithic blockchains, the cost of running a full node increases as the number of transactions grows. Since a full node contains all historical data on the network, the expansion of the blockchain reduces the number of full nodes and increases the number of light nodes. The decrease in the number of full nodes can become a significant problem as it leads to a reduction in the network’s decentralization.
Celestia (TIA) is not affected by this typical problem in monolithic blockchains. Nodes on Celestia operate as light nodes and store a portion of the data within the consensus structure. The data fragments held are verified against the entire dataset using Merkle Trees, allowing the validation of the complete dataset. This approach prevents the increase in node operating costs as the network grows and supports decentralization by enabling new participants to join.
What is the Potential of Celestia (TIA)?
As the first modular blockchain, Celestia offers a highly flexible scalability infrastructure. The layer structures in monolithic blockchains are separately positioned on Celestia, so they do not need to follow the same rule set. This allows for the easy creation of blockchains with different structures on Celestia. Many layer 2 solutions can utilize their blockchain structures by integrating them with Celestia’s consensus mechanism. This flexibility allows Celestia to appeal to a broad market.
How is Celestia (TIA) Stored?
TIA can be stored using browser, desktop, mobile, and hardware wallets that support the Celestia blockchain.
How to Buy and Sell Celestia (TIA)?
To buy and sell Celestia (TIA) with Turkish Lira or Tether (USDT), you can use the BtcTurk | Kripto website or the BtcTurk | Kripto mobile app. If you are not a member of BtcTurk | Kripto, you can sign up immediately on our website or mobile application and buy Celestia (TIA). You can deposit Turkish Lira 24/7 using one of our seven affiliated banks.
