Celestia crypto, highly anticipated for several months, is among the most promising projects for the year 2023.
The project is attracting a lot of attention and enthusiasm, given what it promises to bring to Web3.
Celestia is born
Designed to allow anyone to easily distribute their own blockchain zero-knowledge, optimistic roll-up with minimal overhead.
Its role is simply to become the foundation of level 1 and even level 2 for the entire blockchain ecosystem.
In this way, it allows blockchains to focus on execution and their specialization knowing that Celestia Crypto takes care of the infrastructure part.
Starting from the observation that most blockchains start from scratch in terms of infrastructure instead of focusing on their own specialization.
Therefore, the development of a chain remains very laborious by acting in this way.
- the consent this is how everyone in the network agrees on the transactions that have taken place, thus ordering the transactions in a history.
- The function of execution, which consists of determining which of these transactions are valid and updating them on the chain
- The availability of transaction data for validator nodes.
To do this, Celestia separates the blocks into more specialized components.
Each function is separated into a sublevel, to get the consent on the one hand and execution on the other:
By comparison, in monolithic chains, the set of validators executes each transaction.
In modular blockchains, a node verifies only a fragment of the procedure.
This requires very little power, opening up the possibility for phones to become nodes.
The components of the Celestia Crypto blockchain
Celestia calls itself “cloud computing Web3 “.
Thanks to the network CosmosCelestia benefits from the interoperability of this chain.
Indeed, since it is built on the network Cosmosbenefits from the advantages of its infrastructure: being safe, flexible and less expensive than the rest of the roll-ups
The chain consists of three types of network nodes:
Storage nodes that hold node data consentand forward a copy to lightweight nodes
The light nodes who are also the users of the network carry out various missions.
They can secure the network, then process and send transactions to nodes consent.
They also retrieve data from storage nodes in exchange for payment.
Furthermore, the nodes of consent receive transactions, condense all these transactions in the form of a block.
Finally, once archiving is complete, the compartmentalized data is transferred to the storage node.
To ensure that a block is fully valid, nodes download and process all transactions in a single block.
Processing operations require high node capacity, which means that the network can only be resized as new nodes join it
The long-awaited roadmap
After closing his $ 55 million fundraiser dollarsfrom highly reputed investment funds such as Jump Crypto and Balaji.
Celestia Crypto will launch its “incentive” program in early 2023:
Currently in Testnet, called “Mamaki Testnet”, users will be able to lend themselves to the game to perhaps become eligible for a potential airplane launch.
This device will require users to run a node of consent.
As for their token, there are a few things going around about it.
The Celestia token can be used for staking and delegating, earning rewards.
In addition, it will be used to pay for the publication of the data and their availability on the blockchain.
The future is surely in the modular blockchains of which Celestia is a part.
With their optimized technology that accentuates the decentralization and scalability of each chain, projects will become more efficient and competitive.
Technologies blockchain offer a multitude of opportunities and despite the bear market, continue to evolve to build the economy of tomorrow. To be part of it, don’t hesitate any longer and start training and strategizing with Crypto Rider right away.