
Download our zondacrypto
app and start investing now!
In this article, we take a look at the operation of Celestia, an innovative blockchain infrastructure that is redefining the approach to data accessibility. Find out what sets the project apart and what problems it solves.
Celestia has brought a lot of novelty to the blockchain industry. It is based on a modular architecture, focusing on solving the problem of scalability and presenting a different approach to the aspect of data availability. Learn the details of how Celestia works - an infrastructure for building and maintaining your own blockchain. This article will help you understand exactly what it is and what problems it solves.
*This article does not constitute investment advice.
Let's start by explaining the concept of modularity. Blockchain's work is based on several fundamental activities, which include data availability, consensus, execution, and settlement. In the case of traditional networks like Bitcoin, all of the above activities are performed within a single, integrated system. Such blockchains are referred to as monolithic. An alternative is a modular architecture, where network functions are broken up into separate activities, allowing for better flexibility and scalability.
Celestia is a database that provides data availability and consensus. It works on the basis of the Tendermint Proof-of-Stake algorithm, but it should be emphasized that it is only used to rank transactions, not to check or agree on their correctness itself. These tasks rest with the projects that upload the data. Celestia, on the other hand, only checks their completeness.
The cryptocurrency driving the blockchain is TIA, intended to cover fees by developers, as the gas used by rollups, staking, and management functions. Its supply is 1 billion coins, with inflation of 8% in the first year. With each subsequent year, inflation will decrease by 10%, until it reaches 1.5%.
Blockchain is transparent and secure thanks to data availability. It's the certainty that a network participant can download transaction data at any time to verify a block. In traditional blockchain, the problem is the need to download the full data to do so. This negatively affects scalability and decentralization.
Celestia comes with a solution, called Data Availability Sampling (DAS). It relies on light nodes to check data availability based on samples, instead of an entire block. This is allowed by the 2-Dimensional Reed-Solomon coding scheme. The efficiency of this method is 99.999%. This method allows for improved scalability - the greater the number of light nodes, the greater the security and ability to increase the size of the entire network. Within the data availability (DA) layer, there are such layers as Full Storage storing all data; the Light Node described above, and the Bridge Node connecting the DA network to the consensus network.
In the context of Celestia's operation, it is also worth mentioning Namespaced Merkle Trees (NMT), which, simply put, allow higher layers to download only the data that interests them. In practice, this means that a project can fetch the transaction info that matters to it, ignoring the data of another project. This can occur because the mentioned info is stored in a single space. There is then no need for bridging.
Celestia is a new approach to blockchain operation. It opens a new chapter in which blockchains will be able to be built using light nodes. The developers of the network are consistently working on its development, announcing the implementation of the next steps for the project. Without a doubt, Celestia is worth watching from both the technical and market news side.
DISCLAIMER
This content does not constitute investment advice, financial advice, trading advice or any other type of advice and should not be considered as such; zondacrypto does not recommend buying, selling or owning any cryptocurrency. Investing in cryptocurrencies involves a high degree of risk. There is a risk of losing invested funds due to changes in cryptocurrency exchange rates.
Travel Rule in zondacrypto pay
The Travel Rule is a new set of guidelines designed to ensure the security of funds for entities transferring ...
Cryptocurrencies and the operation of the financial system
Blockchain and cryptocurrencies are the fuel that drives today's technological and financial reality. Digital ...
Bitcoin – was it the first decentralised project?
Bitcoin is a revolution that has permanently changed the financial landscape. However, before it was announced to ...
How the ZND platform is redefining cryptocurrency trading
How does the ZND platform solve the problems of the crypto world? It's time to lower the barriers to entry and ...
ZND Earn — build passive income on a secure and compliant platform
Crypto investors always have their eyes wide open for innovative ways to maximise returns and generate passive ...
Unlocking the power of ZND token – your guide to tiered benefits
This comprehensive guide will explore the tiered benefits system of ZND tokens and introduce you to the ...
Grow your account with the ZND Loyalty Programme
A Loyalty Programme will be launched on the ZND Platform as early as the end of 2024. This is a huge range of ...
How does the ZND Affiliate Programme work?
Today, we would like to tell you about the Affiliate Programme.
Learn about the ZND platform features
Check out our comprehensive article to understand interesting features of the ZND platform.
The problem of Byzantine Generals – discussion
Long before the advent of Bitcoin in 1982, a theorem was developed to consider making a common, unified decision ...
Turing completeness – what is it, and how does it work?
What do gas, the Ethereum Virtual Machine and Turing completeness have in common? It turns out – a lot. Check out ...
What is asymmetric cryptography?
Blockchain is based on asymmetric cryptography. Learn about its solutions and its benefits. Read the article ...
What are blockchain forks?
In blockchain, the community can decide about the future of a particular network. In specific cases, a split ...
What are the benefits of completing the KYC procedure?
Registering does not mean that your account is verified. Find out what functionalities you have access to at each ...
What is the Ethereum Virtual Machine?
The Ethereum network was launched in 2015, and since then, its popularity has allowed it to position itself as ...
DeFi – discover decentralised finance!
Decentralised finance is an alternative digital space where you can use your virtual assets to perform a variety ...
Complete adoption of cryptocurrencies – what would need to happen?
What would have to happen for cryptocurrencies to become as popular as e-mail, for example? Check out the article ...
The mysterious Satoshi Nakamoto – what do we know about him?
As the adoption of cryptocurrencies progressed, the figure of Satoshi Nakamoto became more and more iconic – but ...
Mining – we explain in simple terms!
Cryptocurrency mining is mostly associated with the Bitcoin network. Although it is a very popular concept in the ...
Layers in a blockchain – overview
Today, we would like to talk about blockchain operations from the side of the protocols. Their collaboration aims to come as close as possible to solving the blockchain trilemma. Find out how this interconnected system works!
We won the Blockchain Company 2024 category!
This unique award, which we received at one of the most important investment events in Poland, confirms our ...
Crypto Telepathy: the future of Sending Bitcoin with your mind is here!
The next evolution in crypto transfers has arrived!
ZND Loyalty Program Airdrop Recap
Check the winners list!
We won in the Best Crypto Exchange category!
We are proud to announce that during this year’s fifth edition of Next Block Expo (NBX) in Warsaw, we won in the ...
Scheduled Maintenance (26.03.2025)
We will conduct a scheduled maintenance from 5:00 AM to 7:00 AM (UTC+1) on 26.03.2025.
Scheduled Maintenance (27.03.2025)
We will conduct a scheduled maintenance from 10:00 AM to 10:30 AM (UTC+1) on 27.03.2025.
Another round of the Special Pool’s results is here!
Another round of rewards!
Scheduled Maintenance (20.03.2025)
We will conduct a scheduled maintenance from 6:15 AM to 7:45 AM (UTC+1) on 20.03.2025.
Scheduled Maintenance (17.03.2025)
We will conduct a scheduled maintenance from 06:30PM to 10:30PM (UTC+1) on 17.03.2025
zondacrypto at Next Block Expo as a main sponsor
Our March calendar is bursting at the seams, but we couldn’t miss out on NBX. It’s already the 5th edition of the ...
3.20 Advanced Chart Analysis Techniques
Read about advanced chart analysis techniques.
3.19 Trading strategies based on technical analysis
In today's dynamic world of financial markets, especially in the context of the rapidly growing cryptocurrency ...
3.18 Candlestick patterns that every trader should know
In technical analysis, candlestick charts are one of the most important tools that traders use to analyze price ...
3.17 Price patterns, that every trader should know
List of price patterns that every trader should know.
3.12 Scaling Graphs
Learn about scaling graphs in crypto.
3.11. Recognizing price patterns
Learn and interpret price patterns on charts.
3.05 Chart settings
In this lesson, we will focus on various aspects of chart settings that are key to successful technical analysis.
3.08. Time interval analysis (1m, 5m, 1H, 1D, 1W)
Learn about time interval analysis.
3.07 Reading opening, closing, maximum and minimum prices
Learn about reading opening, closing, maximum and minimum prices.
3.06 Reading price charts
In this lesson, we will focus on learning the basic elements of price charts and developing the ability to ...
Financemagnates: zondacrypto adds AS Monaco to growing sports portfolio
After successful partnerships with Juventus FC and Atalanta BC, Zondacrypto is now collaborating with AS Monaco. This is another step in building a global strategy that connects the world of sports with modern finance.
Insidersport: AS Monaco Basket joins forces with zondacrypto for euroleague
Under the new partnership agreement, zondacrypto’s logo will appear on AS Monaco Basket’s shirts, highlighting the growing role of cryptocurrencies in professional sports. The collaboration aims to inspire and promote innovative financial solutions.
Pezcyclingnews: Katarzyna Niewiadoma in new ad for sponsor zondacrypto
Katarzyna Niewiadoma, one of the world’s top cyclists, becomes a zondacrypto ambassador. This collaboration highlights the platform’s strategy of merging the worlds of sports and modern finance.
Sportsmintmedia: AS Monaco Basket secure partnership with zondacrypto for euroleague competition
zondacrypto, a leading European cryptocurrency platform, has been named the main partner of AS Monaco Basket for the euroleague competition. The company’s logo will be featured on the team’s shirts, with the partnership aiming to bridge the worlds of modern finance and top-tier sports.
Football and cryptocurrencies: A player transfer completed with cryptocurrency thanks to zondacrypto
Polish football club Raków Częstochowa has completed its first-ever player transfer using cryptocurrency. The transaction was made possible by zondacrypto, which is making a strong move into the world of sports.
Monacotribune: zondacrypto becomes the main partner of AS Monaco Basket in the EuroLeague
zondacrypto strengthens its presence in the sports world by becoming the main partner of AS Monaco Basket for the EuroLeague season. The crypto exchange’s logo will feature on players’ jerseys, highlighting a shared mission of merging financial innovation with basketball passion.
Quotidianosportivo: Skorupski on the partnership with zondacrypto - "Staying focused will be crucial. It's the mindset that will determine the outcome on the field."
Goalkeeper believes that the team's mindset will be crucial for future results. The new partnership with zondacrypto aims to support the club's further development.
Qe.magazine: Princess Charlene of Monaco Foundation receives €67 000 from zondacrypto
Through a charity gala, €67,000 was donated by zondacrypto to the Princess Charlene Foundation of Monaco. Funds were raised thanks to unique items donated by prestigious sports clubs. This initiative highlights zondacrypto’s values related to education, sports, and social engagement.
BolognaFC: zondacrypto becomes the new top partner and official crypto exchange partner of Bologna FC 1909
zondacrypto becomes the new Top Partner and Official Crypto Exchange Partner of Bologna FC 1909 for the 2024/2025 season. This partnership highlights the company’s ambition to bridge the world of football with the growing cryptocurrency market, offering cutting-edge technologies and top-level security.
Sportparma: zondacrypto invests in Parma. The sponsor will be featured on the training kits
zondacrypto, a platform with over 1.3 million users worldwide, announces a new partnership with Parma Calcio. This is another step towards strengthening the brand in football and promoting cryptocurrencies among Italian sports fans.
We use cookies to personalise your experience on zondacrypto - More info
As the name suggests, certain cookies on our websites are necessary. They are necessary for the storage of your settings during the use of zondacrypto (e.g., privacy or language settings) to protect the platform against attacks. You can reject, block or delete them, but this will not impact significantly your experience during the use of this website or even make it impossible to use some of our services. See details
We use such cookies and similar technologies for collecting information while users browse our website to learn more about how it is used and improve our services as necessary. Cookies are also used for measuring the general efficiency of our website. The data generated by them are used on an aggregate and anonymous basis. Blocking these cookies and tools will not affect our services, but will make it difficult for us to improve the experience of their users. See details