Celestia (TIA) is a blockchain protocol that introduces a modular approach to blockchain architecture to enable a more scalable and decentralized network, Celestia separates consensus from execution, allowing for independent development and optimization of each layer. This modular framework is foundational for creating sovereign blockchains that can operate with their own consensus mechanisms while still benefiting from the security and scalability provided by Celestia.
The native cryptocurrency of the Celestia network is TIA, which is utilized for network operations including transaction fees, staking, and participating in the network's governance. Validators on the Celestia network stake TIA tokens to participate in the consensus process, contributing to network security and governance. In return for their participation, validators receive rewards in TIA, incentivizing honest and active involvement in the network's operation.
Celestia decouples the data availability and consensus layers from the execution layer, enabling developers to deploy their own execution environments or blockchains without the need to bootstrap network security from scratch. With Celestia, projects can focus on developing application-specific logic and execution environments without compromising on security or decentralization. This modular approach addresses key challenges in blockchain scalability and interoperability, and reduces the complexity and cost associated with launching new blockchains, supporting the creation of a more vibrant and diverse ecosystem of decentralized applications (dApps).
The protocol employs a data availability-first approach, ensuring that data related to transactions and state changes is available and verifiable by all network participants. This guarantees that even if execution is performed off-chain or on separate layers, the integrity and security of the network are maintained. Celestia uses advanced data structuring to optimize data storage and retrieval, ensuring high throughput and scalability.
