Modular Data Availability Network Celestia Announces Genesis Airdrop
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Modular Data Availability Network Celestia Announces Genesis Airdrop

1 Minuten
5 months ago

Celestia has announced plans to allocate 6% of its native TIA tokens, roughly 60 million, to ecosystem users and developers in an airdrop marking the project's genesis.

Modular Data Availability Network Celestia Announces Genesis Airdrop

Celestia Is Building A Modular Layer Focused On Data Availability

Celestia has announced plans to allocate 6% of its native TIA tokens, roughly 60 million, to ecosystem users and developers in an airdrop marking the project's genesis.

Celestia is building a modular layer focused on data availability, which refers to the ability of network nodes to download data, store it and ensure it is available to other network nodes. On Ethereum, nodes have to download all of the data in a block, which decreases throughput and limits scalability.

Celestia aims to provide a solution through data availability sampling, which allows light nodes to verify data without downloading full blocks to boost scalability.

The airdrop will be split between public contributors, early rollup and IBC adopters on Ethereum, Cosmos Hub and Osmosis.

Approximately 600,000 addresses across these protocols can claim tokens between Sept. 26 and Oct. 17, 2023. Celestia is on track to launch before the end of 2023 as the first data availability chain to deploy sampling, ahead of competitors EigenLayer and Avail.

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