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
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.
Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
