Celestia (TIA) is a blockchain platform designed with a modular blockchain architecture to provide data that safely scales according to the number of users. At the same time, it makes it easier for users to launch their own blockchain.
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What is Celestia (TIA)?
Celestia (TIA) is a blockchain platform designed according to modular blockchain architecture, which means it operates by sharing tasks for multiple interconnected networks. Thanks to this, it is possible to provide secure data at scale, making it easier for users to launch their own blockchain.
Accordingly, the idea that Celestia proposed is to use modular design to separate tasks on a blockchain platform into many specialized modules. Here it is separating the execution layer from consensus and data availability.
With the unique idea mentioned above, Celestia has brought a change in the way blockchains are structured and operated, helping future projects be built more flexibly and freely.
How does Celestia work?
Celestia operates in a modular manner, meaning the original design of the platform is to scale and reduce fees. This allows developers to use their own consensus algorithm to build custom modules and help increase the performance and reliability of the platform.
One thing worth noting is that Celestia does not process smart contracts or directly participates in calculations. Instead, the main job of this platform is to focus on arranging transactions and ensuring data is available for transactions to take place.
That is what separates the execution layer from consensus and data availability as we mentioned before, which is an important component that helps the continuous authentication process to be performed.
Information about Celestia’s team, partners and investors
Development team
Information about the team behind TIA’s development and success includes:
- Mustafa Al-Bassam: CEO of the project, has a doctorate in the field of blockchain scaling.
- Ismail Khoffi: CTO of the project, is a computer science engineer with many years of experience.
- John Adler: CRO of the project, is a layer 2 scalability researcher.
- Nick White: COO of the project.
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Investors
It is known that Celestia has successfully called for capital of up to 1.5 million USD in a strategic seed round with the participation of many large investment funds such as Interchain Foundation, Binance Labs,…
Partner
Celestia’s current partners that have been announced are all potential and extremely famous projects such as Eclipse, Scroll, Interchain Foundation,…
Overview of TIA Token
TIA token is the main cryptocurrency of the Celestia blockchain network, used for activities and services on this platform.
Specifications
- Token name: Celestia
- Ticker: TIA
- Blockchain: Celestia
- Token Type: Utility & Governance
- Token Supply: 1.000.000.000 TIA
Allocation rate
Currently, TIA Tokens are being allocated as follows:
- R&D and Ecosystem: 26.8%
- Series A&B round: 19.7%
- Initial Contributors: 17.6%
- Seed round: 15.9%
- Other items: 20%
TIA Token Use Case
TIA Token can be used for the following main tasks:
- Payment mechanism, services from the platform.
- Trade and provide liquidity.
- Pay rewards to validators.
- Participate in project management.
How to own a TIA Token?
To own TIA Token, the best crypto exchanges we can recommend for your purchases and sales are Fiahub, Binance, OKX,…
Where should TIA Token be stored?
To store TIA Token, the e-wallets we recommend are wallets from the exchanges we have recommended or you can also use wallets such as MetaMask, Trust Wallet,…
Summary
Finally, we have come to the end of all the most interesting and general content about Celestia (TIA). Hope we have helped you understand this platform better. If you have any other questions, don’t hesitate to contact AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
