What is Celestia?
Description
Celestia emerges as a cutting-edge blockchain platform dedicated to the agile management and development of decentralized applications. Its innovative approach is based on a decentralized and modular architecture, aiming to provide a secure and flexible ground for the development and expansion of blockchain applications. Celestia proposes to overcome the limitations of traditional smart contract blockchains, opening up new possibilities for the development and utilization of decentralized solutions.
Technology
Celestia adopts a distributed consensus technology based on Cosmos SDK and Proof of Stake (PoS), offering fast transaction processing. Celestia is designed as a modular blockchain, which means it separates the consensus layer from the execution layer. This allows for greater flexibility and scalability, as DApps can build the execution layers according to their needs. The heart of Celestia is the native token TIA, utilized for transaction execution and network governance. The inflation of the TIA token starts at 8% annually and decreases by 10% each year until it reaches the long-term issuance rate of 1.5%.
On Conio it is possible to buy and sell TIA (Celestia's native blockchain currency), however, it is not yet possible to withdraw and deposit TIA. On the other hand, you can use the "Convert" function to convert TIA to another asset from among those in the Conio marketplace.
What is Celestia?
Description
Celestia emerges as a cutting-edge blockchain platform dedicated to the agile management and development of decentralized applications. Its innovative approach is based on a decentralized and modular architecture, aiming to provide a secure and flexible ground for the development and expansion of blockchain applications. Celestia proposes to overcome the limitations of traditional smart contract blockchains, opening up new possibilities for the development and utilization of decentralized solutions.
Technology
Celestia adopts a distributed consensus technology based on Cosmos SDK and Proof of Stake (PoS), offering fast transaction processing. Celestia is designed as a modular blockchain, which means it separates the consensus layer from the execution layer. This allows for greater flexibility and scalability, as DApps can build the execution layers according to their needs. The heart of Celestia is the native token TIA, utilized for transaction execution and network governance. The inflation of the TIA token starts at 8% annually and decreases by 10% each year until it reaches the long-term issuance rate of 1.5%.
On Conio it is possible to buy and sell TIA (Celestia's native blockchain currency), however, it is not yet possible to withdraw and deposit TIA. On the other hand, you can use the "Convert" function to convert TIA to another asset from among those in the Conio marketplace.