Trader TIA Tokens are distributed as Celestia, a modular blockchain, goes live.
Active Ethereum Layer 2 users, Osmosis and Cosmos Hub stakers, and cryptocurrency developers received an airdrop of 60 million TIA tokens from Celestia.According to a press release from the Celestia Foundation, the new blockchain Celestia successfully...
Active Ethereum Layer 2 users, Osmosis and Cosmos Hub stakers, and cryptocurrency developers received an airdrop of 60 million TIA tokens from Celestia.
According to a press release from the Celestia Foundation, the new blockchain Celestia successfully launched its mainnet beta on Tuesday. In their wallets, TIA tokens were given to active cryptocurrency users.
By making it easier for users to start their own blockchain, Celestia claims to be the first scalable modular data availability network.
During the initial stages of its mainnet launch, Celestia may experience instability due to the untested technology known as data availability sampling (DAS), which they announced on X.
Light nodes can check for data availability using the DAS mechanism without having to download all of the data for a block.
Four years after the LazyLedger whitepaper was released, "what was once considered a wild moonshot is now a reality," stated Ekram Ahmed, a spokesman for the Celestia Foundation. "Anyone can easily start their own blockchain with Celestia, the first modular blockchain network that securely scales with the number of users.". ****.
Promo photo for Celestia.
According to Coingecko, in the minutes following the launch, Celestia's native token, TIA, began trading at $2.16.
Crypto developers, as well as stakers on Cosmos Hub and Osmosis and active Ethereum Layer 2 users, received an airdrop of 60 million TIA tokens from Celestia. There will be a maximum of 1B tokens produced.
Tokens are listed on several exchanges, including Binance, Kucoin, and Bybit.
Novel Modular Stack.
According to a news release from Celestia Foundation, the blockchain industry has witnessed the emergence of numerous new rollup frameworks and execution layers since 2022, which have helped to create the modular stack.
"Verifiability, abundant blockspace, and collaborative blockchains define the new, modular era that the industry has entered," Ahmed stated. "We want to make deploying chains as simple as smart contracts, and the Celestia mainnet is a huge step toward that goal. "