Celestia

The <a href="https://cryptotale.org/celestia-tia-eyes-recovery-analyst-pinpoints-key-trading-zones/" rel="noopener noreferrer nofollow">Celestia</a> Foundation has raised $100 million in a funding round led by Bain Capital Crypto. Syncracy Capital, 1kx, Robot Ventures, Placeholder, and other investors also participated in the fundraising, bringing Celestia’s total funding to $155 million. The funds will be used to enhance its modular consensus and data network, which aims to transform blockchain scalability.<h2 id="header-0">Celestia’s Modular Blockchain</h2>In October 2023, <a href="https://blog.celestia.org/celestia-foundation-raise/" rel="noopener noreferrer nofollow">Celestia</a> started its Mainnet Beta. It debuted with the first industry-specific specialized modular consensus and data network. Unlike other blockchains, Celestia is not constrained by execution layer constraints. Developers can create applications on any virtual machine, including ones housed on Ethereum or their own systems. Over twenty roll-up chains have been constructed since their publication, and more than half of the total data released by rollups presently comes from Celestia data blobs.Related: <a href="https://cryptotale.org/celestias-surge-pioneering-altcoin-growth-amid-etf-anticipation/" rel="noopener noreferrer nofollow">https://cryptotale.org/celestias-surge-pioneering-altcoin-growth-amid-etf-anticipation/</a>Celestia&#39;s modular architecture lets developers avoid the constraints of the execution layer. Because of execution cost, classic blockchains have struggled with throughput issues. Celestia offers a scalable substitute while tackling these problems. Any smart contract language or system is free for developers to use, hence increasing their possibilities.<a href="https://cryptotale.org/celestia-secures-100m-for-modular-blockchain-scaling/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Celestia Secures $100M for Modular Blockchain Scaling

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