Celestia, SEC & Crypto – European Wrap 5 November
Cryptocurrency Celestia is a modular blockchain network built with the Cosmos SDK, designed to offer a scalable and customizable platform for decentralized applications and rollups. It separates the consensus and execution layers, allowing developers to focus solely on the execution layer. Celestia introduces data availability sampling to enhance scalability and does not impose execution or settlement constraints. The native token, TIA, is used for gas fees, network governance, and staking. This architecture provides developers with the flexibility to create their own execution and settlement environments, opening up new possibilities in the blockchain space.
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