February 22, 2022, 10:35AM EST
• 11 min read
Quick Take
- Celestia is a data availability layer that aims to solve one of the fundamental constraints of blockchain scaling — data availability
- By abstracting consensus from state execution, Celestia promises a more performant network than blockchains that lump the two together
- Celestia utilizes erasure codes to create data availability proofs that guarantee, with high probability, that all that data was posted on-chain
- Celestia nodes can scale better because they are no longer required to store and verify every transaction in the block
- Aside from improving scalability, Celestia also provides application interoperability
- 11
- 2022
- access
- Additional
- All
- Application
- article
- asset
- availability
- Banking
- blockchain
- CBDCs
- company
- Consensus
- constraints
- Container
- create
- data
- DeFi
- developing
- digital
- Digital Asset
- ecosystem
- Exclusive
- execution
- help
- High
- HTTPS
- improving
- Including
- Labels
- Maps
- Markets
- more
- network
- nodes
- organizations
- Others
- piece
- probability
- Profiles
- provides
- required
- research
- Scalability
- Scale
- scaling
- Services
- SOLVE
- State
- store
- Technical
- The Block
- together
- Topics
- transaction
More from The Block Crypto
After acquisition, BlockTower looks to capitalize on Wall Street’s hunt for yield
Source Node: 954971
Time Stamp: Jul 1, 2021
Beijing regulators shut down firm providing services used for crypto trading
Source Node: 963888
Time Stamp: Jul 6, 2021
OpenSea bug destroys $100,000 worth of NFTs, including historical ENS name
Source Node: 1062686
Time Stamp: Sep 8, 2021
Californian nuclear energy provider partners with bitcoin mining firm Compass
Source Node: 980874
Time Stamp: Jul 15, 2021
China’s new digital yuan test shows it can be programed to confine utility
Source Node: 956215
Time Stamp: Jul 2, 2021
Crypto seller in New Orleans charged with running an unlicensed money transmitting business
Source Node: 941683
Time Stamp: Jun 24, 2021
Layer by Layer Issue 14: Polkadot, Avalanche, Fantom, and Tezos
Source Node: 1102955
Time Stamp: Nov 4, 2021
Paxos raises $300 million as it looks to onboard more PayPal-sized clients
Source Node: 834274
Time Stamp: Apr 29, 2021
After Europe, Binance now shuts derivatives trading for Hong Kong users
Source Node: 1018516
Time Stamp: Aug 6, 2021
Chinese bitcoin mining pools see further hash rate plunge on Sichuan shutdown order
Source Node: 930436
Time Stamp: Jun 19, 2021