🚨 Celestia A Modular Blockchain With Confirmed Token
Let's go down a rabbit hole and learn everything about @CelestiaOrg and the advantage of being an early adaptor and Speculation🤫
⭕️ Don't forget to like and RT
#AlphaInsiders 🧵🕵️♂️⚡️🪂
1/
⭕️ What is Celestia?
#Celestia is the first modular blockchain that makes it effortless to deploy a new blockchain. It allows sovereign blockchains to break free from the constraints of monolithic architectures so they can build with flexibility & freedom on their own terms.
2/
Celestia is a unique layer 1 blockchain whose only job is to order transactions and verify that the published data is available. This allows specialized blockchains for hosting applications to deploy on top of it.
3/
By taking this approach, Celestia achieves properties of scalability, flexibility and interoperability unmatched by previous blockchain designs.🚀
Celestia is able to scale as the number of users (light nodes) in the network increases🛡️
4/
⭕️ What is a rollup?
Rollups are a layer 2 scaling solution that aim to provide a cheaper platform for applications without sacrificing on security or decentralization. Rollups execute their own transactions but utilize other blockchains for ....
5/
... consensus and data availability – dictating the cost of transaction fees.
⭕️ Power-up with Data Availability Layer
Celestia introduces what is called the Data Availability Layer for enabling efficient scaling and allowing L2 Rollups to do data sampling for transactions.🧐
6/
You will be able to deploy a zk or optimistic rollup on top of Celestia.
⭕️ Celestia raises $55M
🔸blog.celestia.org/celestia-raise…
7/
Aptos gave 150 $APT tokens to those who ran a node and some all they did was fill out a form. 🤯
⭕️ How do I run a node on Celestia?
There are multiple types of nodes that you can run on Celestia’s Mamaki testnet. 🚀
Details:
🔸docs.celestia.org/nodes/overview/
8/
⭕️ Celestia Will Have a Token
Yes, Confirmed token that will be used to secure the network & to pay for transaction fees.
They plan to implement a fee-burn mechanism similar to EIP-1559 in Ethereum so that burnt fees will offset new token issuance as Celestia gains adoption.😍
9/
⭕️ What Should I Do?
Stick around the project and play with node/testnet.
Join discord for more details and chances to interact with celestia & follow me @AlphaInsiders for future updates 😉
Links:
🔸celestia.org
🔸discord.com/invite/YsnTPcS…
🔸twitter.com/CelestiaOrg
10/
if you like this kind of content don't forget to follow @AlphaInsiders and Like/RT the first tweet ♥️
Last but not least follow me on Lens I will share more alpha and more surprises there 😉
lenster.xyz/u/alphainsider…
This is #AlphaInsiders🕵️♂️⚡️
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.