Celestia network

Celestia Network is the first modular blockchain network and data network designed to make it simple for users to create their blockchain easily. The blockchain technology stack is modularized by Celestia, opening up new opportunities for developers of decentralized applications by separating the consensus and application execution layers.

• Founders: Mustafa Al-Bassam, Ismail Khoffi 
• Founded: 2019 
• Headquarters: Vaduz, Liechtenstein

Key Features:

• With Celestia, transactions are just ordered and published, not carried out, as with other blockchains. 
• Helps customize blockchain in an easy way that can be deployed as a smart contract.
• The data availability sampling technique allows nodes to verify that the data is available without downloading the entire dataset.
• TIA is its native token used for transaction fees, governance, and staking.

FAQs

1. What are the benefits of using Celestia Network for developers?

Easy deployment, highly customizable, cost savings, built-in interoperability, shared security, scalability, and focus on data availability.

2. What consensus mechanism does Celestia use?

It used Proof of Stake to secure the network.