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Data availability blockchain Celestia is live on mainnet, making it the first modular data availability network to be publicly available.\u00a0<\/p>\n
Celestia\u2019s mainnet launch will consist of rollups that use the network as its data availability and consensus layer.<\/p>\n
The team recently initiated its airdrop efforts<\/a>, through which 6% of the tokens total circulating supply was set to be awarded to eligible participants.<\/p>\n Read More:<\/strong> Celestia opens airdrop for planned modular data availability network<\/a><\/p>\n Data availability refers to the capability network nodes have to download transaction information, store the information and ensure that participants can access the information to verify or dispute its accuracy.\u00a0<\/p>\n On layer-1 blockchains like Ethereum, network nodes download the data from each block, preventing invalid transactions from being executed.\u00a0<\/p>\n What Celestia offers<\/a> is a data availability layer, which can verify transactions through data availability sampling (DAS) \u2014 without the need to download data from an entire block.<\/p>\n Read More:<\/strong> Why data availability sampling matters for blockchain scaling<\/a><\/p>\n Using a data availability layer can increase the efficiency of a blockchain, drastically improving transaction speeds and minimizing costs.<\/p>\n In this initial launch, blocks will be between 2MB and 8MB in size and will be upgradeable based on on-chain governance. 8MB of blobspace is estimated to be around 9,000 to 30,000 ERC-20 transactions every second.<\/p>\n The Celestia team plans to increase block sizes to roughly 1GB as part of its roadmap.<\/p>\n \u201cCelestia\u2019s mainnet beta launch marks the arrival of the first live modular data availability network with data availability sampling (DAS) light nodes,\u201d said Ekram Ahmed, spokesperson for the Celestia Foundation.<\/p>\n Celestia\u2019s mainnet launch follows the unveiling of Nexus \u2014 a network of bridges<\/a> that enables developers to bootstrap liquidity across various crypto ecosystems.\u00a0<\/p>\n Nexus was developed by contributors from Neutron, Hyperland and Mitosis using the Inter Blockchain Communication protocol (IBC) and a modular security stack designed by Hyperlane.<\/p>\n Don\u2019t miss the next big story \u2013 join our\u00a0free daily newsletter<\/a>.<\/strong><\/p>\n
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