Buy Celestia

Celestia is a modular blockchain designed to address the scalability issue that many traditional blockchains struggle with. Unlike blockchains like Bitcoin and Ethereum, which combine multiple tasks into a single layer, Celestia separates these tasks and focuses solely on data availability and consensus building.

This separation allows other blockchains, such as layer 2 solutions and rollups, to leverage Celestia’s data availability services without having to manage this task themselves. This improves the scalability of the network and allows users to make faster and cheaper transactions.

Celestia achieves this through data availability sampling (DAS), a process where lightweight nodes download random samples of the blockchain to check if the data is available.

TIA is Celestia’s native token and plays a key role in the network. As a Proof-of-Stake (PoS) blockchain, its security and operation are guaranteed by TIA token holders staking their tokens to participate in the consensus mechanism and governance. Developers can also use TIA to pay for data availability services and as a means of payment for transactions on Celestia-based rollups.

With a total supply of one billion TIA tokens and a deflationary model, the supply is expected to decrease over time.

Who founded Celestia?

Celestia was founded by Mustafa Al-Bassam, Ismail Khoffi, and John Adler. Al-Bassam, who previously worked on the LazyLedger whitepaper, decided to put together a team to realize his ideas. Khoffi is a former developer for Cosmos and Adler has experience with optimistic rollups. They joined the project. Celestia is also backed by big names such as Bain Capital Crypto, Coinbase Ventures, and Jump Crypto.

Celestia has several features that users and developers can take advantage of:

• Access to data availability: Users can use Celestia to ensure that transaction data is available to everyone, ensuring the security and operation of their network.
• Improved scalability: Developers can use Celestia to increase the scalability of their project by leveraging data availability sampling.
• Staking and Governance: TIA token holders can stake their tokens to participate in the consensus mechanism and governance of the network, allowing them to influence the future of the project.
• Build Blockchain Solutions: Celestia supports integrations with Polygon CDK and Optimism Stack, giving developers access to a wide range of tools to build blockchain solutions.

Celestia is designed as a modular blockchain platform that uses innovative technologies such as data availability proofs to provide a scalable and secure network.

Modular design

Celestia separates the tasks of a traditional blockchain into separate layers. Instead of focusing on transaction processing, Celestia focuses solely on making transactional data available. Other blockchains, such as rollups, can therefore focus solely on transaction processing while relying on Celestia for data availability.

Data availability proofs

One of the key technologies that Celestia uses is data availability proofs. This process uses two methods:

• Erasure coding: Block data is augmented with erasure code, making it possible to fully recover a block as long as 50% of the data remains. This makes it harder to hide fraudulent transactions by deleting data, while allowing nodes to verify data faster.
• Data availability sampling: Lightweight nodes download small, random samples of erasure-coded blocks. If a sample fails, data is assumed to be missing and the block is rejected. This process allows lightweight nodes to verify data availability without having to download the entire blockchain.

Applications and integrations

Celestia can interoperate with various blockchains and rollups, such as the Polygon CDK and the Optimism Stack. This allows developers to build flexible and scalable applications that leverage Celestia for data availability. Additionally, Celestia is involved in projects such as Arbitrum Orbit and collaborates with Optimism Labs to support rollups.

TIA is Celestia’s native token and plays a key role in the project’s operations. As a Proof-of-Stake network, Celestia’s security is ensured by TIA token holders staking their tokens to participate in the consensus mechanism and governance. TIA token holders have influence over important network decisions, such as protocol changes and improvements.

Developers can use TIA to pay for data availability services, which allows them to execute transactions and make data available without the processing blockchain having to do the job. TIA also serves as a gas fee token for executing transactions on Celestia-based rollups.

The total supply of TIA tokens is 1 billion. About 6% of this, approximately 60 million TIA, was distributed via airdrops to developers, researchers, and key community participants. TIA is designed to be deflationary, meaning that the total supply will decrease over time.

Staking TIA tokens is an important part of Celestia. By staking your tokens, you contribute to the security and decentralization of the network. Here's how to stake TIA:

1. Choose a validator: Select a validator that will be responsible for validating transactions and maintaining the network. You can do this via a crypto wallet that supports TIA staking.
2. Lock your tokens: Once you have chosen a validator, you can lock your TIA tokens in a staking contract on Celestia.
3. Earn rewards: By participating in the Proof-of-Stake consensus mechanism, you can earn rewards in the form of additional TIA tokens. These rewards are an incentive to contribute to the security and stability of the network.

Staking on Celestia not only gives TIA holders the opportunity to earn passive income, but also to participate in the decentralized governance of the network, allowing the community to influence key decisions.

Celestia distinguishes itself in a number of areas:

• Modular design: Celestia separates the functions of a blockchain into separate layers, making the network scalable and efficient.
• Data Availability Sampling (DAS): DAS allows nodes to verify the availability of block data without downloading the entire blockchain.
• Secure and scalable: Data availability proofs and modular design make Celestia both secure and scalable.
• Developer Accessible: With tools like the Polygon CDK and the Optimism Stack, Celestia offers developers many possibilities.
• Rollup Support: Celestia partners with projects like Arbitrum Orbit and Optimism Labs to support rollups, increasing network adoption and performance.

You can buy Celestia (TIA) at Bitvavo. Our platform is accessible to both novice and experienced traders. Follow these steps to buy TIA tokens via our website and app:

1. Log in to your Bitvavo account or create a new account.
2. Add funds to your account by clicking on "Deposit".
3. Go to the Celestia (TIA) buy page.
4. Enter the amount in euros you want to spend or the number of TIA tokens you want to buy and click "Buy".

The price of TIA tokens depends on the current market value. After purchase, your TIA tokens will be automatically deposited into your Bitvavo account, where you can easily manage and trade them. This allows you to quickly respond to market and price changes.

Your Celestia tokens are stored safely within your Bitvavo account, where the majority of assets are managed offline in cold storage for maximum security. Enabling two-factor authentication (2FA) is highly recommended as an additional security measure.

For those who prefer to manage their TIA coins themselves, the tokens can be stored in most modern software and hardware wallets. After purchase, you can easily transfer your TIA to an external wallet by linking your wallet address to your Bitvavo account, ensuring full control over your crypto.