The below Celestia price chart tracks the price of Celestia against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
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$1.6B
$129.0M
214.9M TIA
✓Infrastructure ✓Data Availability ✓Cosmos Eco-system
Celestia is a modular data availability (DA) network, designed to enhance the scalability of blockchains. Its primary function is to provide a platform for publishing and accessing transaction data, specifically catering to Rollups and Layer 2 solutions (L2s). By specialising in data availability, Celestia offers a high-throughput DA service that users can verify with a light node, a feature that improves the efficiency and reliability of blockchain operations.
The network addresses a significant challenge in blockchain technology: the difficulty in verifying large blocks of data by average users. As blockchain blocks increase in size, it becomes less feasible for regular users to download and verify the entire chain. Celestia solves this problem through data availability sampling, allowing users to validate large blocks without the need for extensive data downloads. This approach not only makes blockchain technology more user-friendly but also maintains the integrity and trustworthiness of the chain. By focusing on modularity and data availability, Celestia provides a streamlined solution for launching and operating blockchains, contributing to the evolving landscape of decentralised technologies.
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