Project Name: Celestia
Tag: $TIA
Type: Modular Blockchain

Introduction

Celestia is a modular data availability network that decouples the consensus layer from the application execution layer. It segments blockchain protocols into different layers, with each layer focusing on specific functionalities and allowing for the recombination of these layers to build applications.

Modular Blockchain

A modular blockchain no longer independently handles all on-chain operations (execution, settlement, consensus, and data availability) but rather undergoes specialized optimizations to fit specific functionalities.
Modular blockchain adheres to three principles corresponding to the blockchain impossible triangle (decentralization, scalability, and security):

• Achieving decentralization of the network by reducing the cost for users to run nodes and validate the network.
• Increasing the scalability of blockchain without adding costs for user validation and protecting the network.
• Relying on a decentralized user network to be responsible for the security of the blockchain network.
  Modular blockchain offers better composability, with multiple modular components combining like LEGO bricks to achieve the functionality of a single-piece blockchain.
  
  Celestia decomposes the blockchain into three components: data, consensus, and execution.
  Unlike most chains that bind consensus and execution at one level, Celestia separates the execution layer. This allows applications to be professionally optimized for specific use cases, focusing solely on their application logic and contract architecture. It provides scalability that better aligns with the product’s logic.
  The independent data layer ensures data validity and consistency, reducing the cost of developing new blockchains. Additionally, in Celestia architecture, nodes can verify blocks through lightweight samples, lowering hardware requirements for nodes.

  TIA Token Utility

  Paying blobspace fees

  TIA, Celestia’s native asset, is a crucial part of developers building on the first modular blockchain network. To use Celestia for data availability, Rollup developers need to submit PayForBlobs transactions priced in TIA to cover the fees.

  Incentivizing Development

  Similar to ETH on Ethereum-based Rollups, developers can choose to bootstrap their chain quickly by using TIA as gas fees and currency, in addition to paying for data availability. In this mode, developers can focus on creating their applications or execution layers without immediately issuing tokens.

  Proof-of-Stake Rewards

  As an unpermissioned network built with Cosmos SDK, Celestia employs proof-of-stake to ensure its consensus. Like in other Cosmos networks, users can help secure the network by delegating their TIA to a Celestia validator and receiving a portion of the validator’s staking rewards.

  Decentralized Governance

  Staking TIA allows users to play a crucial role in Celestia’s community, such as voting on network parameters through governance proposals and managing the community pool (receiving 2% of block rewards).

Key Metrics

Tokenomics

1. Total Token Supply: 10,000,000,000
2. Circulating Supply: 145,000,000
3. Token Allocation:
   • Airdrop and incentivize testnet: 7.4%
   • Future plans: 12.6%
   • Research and ecosystem: 26.8%
   • Series A and B: 19.7%
   • Seed round: 5.9%
   • Initial core contributors: 17.6%