Best Crypto | Celestia Blockchain Network | Celestia Review
10Best Crypto | Celestia Blockchain Network | Celestia Review
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Welcome to our Best Crypto video!
The first modular blockchain network
Celestia is a modular consensus and data network, built to enable anyone to easily deploy their own blockchain with minimal overhead.
Advantages
Deploy a blockchain as easily as a smart contract
Celestia provides consensus and security on-demand, enabling anyone to deploy a blockchain without the overhead of bootstrapping a new consensus network.
Scaling made simple with data availability sampling
Because Celestia does not validate transactions, its throughput is not bottlenecked by state execution like traditional blockchains. Thanks to a property of data availability sampling, Celestiaโs throughput scales with the number of users.
Secure interoperability for all Celestia chains
Blockchains built on top of Celestia do not rely on honest majority assumptions for state validity, meaning that they can interoperate with the highest security standards.
Choose your own execution environment
Since Celestia does not impose any execution logic, developers are free to define their own execution environments. Celestia will support all flavors of rollups, but we are initially focused on the EVM and Cosmos SDK.
How it works
Celestia is a minimal blockchain that only orders and publishes transactions and does not execute them. By decoupling the consensus and application execution layers, Celestia modularizes the blockchain technology stack and unlocks new possibilities for decentralized application builders.
Traditional monolithic architecture
Developers can only use programming languages supported by chain's execution environment
All applications run on the same process (the world computer model), with shared gas resources
Smart contracts cannot be updated without a hard fork
Celestia-enabled modular architecture
Developers can effortlessly define their own virtual execution environments; similar to virtual machines
Each application gets its own sovereign execution space, while inheriting the security of Celestia's consensus
Applications can be updated without main chain hard forks
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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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โฐ Time Stamp โฐ
0:00 introduction
0:11 Celestia Blockchain Network
2:55 Outro