Web3 l Writing Articles l Mirror l Spreading Awareness of Cryptocurrencies l Descriptions of Projects l Interesting Developments
0xWojtasGSU Protocol Testnet Unlock Limited Early POAP Retroactive Airdrop
The GSU Protocol project presents us with a stablecoin-related solution that aims to remove the persistent scalability limitations of the existing stablecoin market. Feel free to read 🔰1. What is GSU Protocol2. Tokenomics & Roadmap3. Testnet4. Unlock POAP & Roles5. Conclusion1. What is GSU ProtocolGSU Protocol is the CDP lending protocol for Global Stable Unit (GSU). It allows users to perform the issuance of GSU coins (GSUc) based on collateral provided. Is built from a fork of Maker Protoc...
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Resistance to sybil is one of the major challenges of our current early web3 generation, although there are emerging projects such as PoH that are working to create a free open internet made for humans, not bots ✔️ From this article we will learn how to verify ourselves and be part of the project, feel free to read article📜1. What is PoH2. Register Profile3. Self Verification4. Earn $UBI tokens & Regural DAO Votes5. Conclusion1. What is PoHProof of Humanity is a social identity verification ...
0xWojtasThe Lens Protocol Web3 Decentralized Social Media Profile 🔰🌿
In today's world, current social media platforms such as Facebook and Twitter are becoming increasingly controversial for a number of reasons, such as content censorship, intrusive data tracking and disinformation. Decentralized social media such as Lens Protocol seeks to solve the main problems in existing social media networks, which will be discussed in this article. Feel free to read🔰What is Lens Protocol ? 🌿Genesis of the Project 🌠Key Functions 🔑Current Issues and Building at Le...
0xWojtasGSU Protocol Testnet Unlock Limited Early POAP Retroactive Airdrop
The GSU Protocol project presents us with a stablecoin-related solution that aims to remove the persistent scalability limitations of the existing stablecoin market. Feel free to read 🔰1. What is GSU Protocol2. Tokenomics & Roadmap3. Testnet4. Unlock POAP & Roles5. Conclusion1. What is GSU ProtocolGSU Protocol is the CDP lending protocol for Global Stable Unit (GSU). It allows users to perform the issuance of GSU coins (GSUc) based on collateral provided. Is built from a fork of Maker Protoc...
0xWojtasProof of Humanity Guide to Self-Verification for Future Project's Airdrops 🎁
Resistance to sybil is one of the major challenges of our current early web3 generation, although there are emerging projects such as PoH that are working to create a free open internet made for humans, not bots ✔️ From this article we will learn how to verify ourselves and be part of the project, feel free to read article📜1. What is PoH2. Register Profile3. Self Verification4. Earn $UBI tokens & Regural DAO Votes5. Conclusion1. What is PoHProof of Humanity is a social identity verification ...
0xWojtasThe Lens Protocol Web3 Decentralized Social Media Profile 🔰🌿
In today's world, current social media platforms such as Facebook and Twitter are becoming increasingly controversial for a number of reasons, such as content censorship, intrusive data tracking and disinformation. Decentralized social media such as Lens Protocol seeks to solve the main problems in existing social media networks, which will be discussed in this article. Feel free to read🔰What is Lens Protocol ? 🌿Genesis of the Project 🌠Key Functions 🔑Current Issues and Building at Le...
Web3 l Writing Articles l Mirror l Spreading Awareness of Cryptocurrencies l Descriptions of Projects l Interesting Developments
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Today, blockchain is one of the most discussed technologies. It is creating new opportunities in many industries such as banking, healthcare, supply chain to insurance, data storage and cyber security.
Recently, Celestia has gained considerable publicity on the web, which we can observe from the very valuation of the $TIA token (currently over $10) by the market and the media hype that this project has made.
Below in the article we will try to understand the most important aspects of this project and what the entire success of Celestia was built on. Feel free to read it. 📜
Team
Funding
Ecosystem
Important terms
How Celestia works
Unique aspects of Celestia
Tokenomics & Available Supply
Token inflation
Conclusion
X & Mirror
Celestia is a revolutionary L1 layer modular blockchain platform designed to bring a new level of performance, scalability and flexibility to the blockchain ecosystem.
The journey began in 2019, Celestia was built using the Cosmos SDK and uses consensus Tendermint.
Team with years of experience in building and developing blockchain comes from projects such as Ethereum, Cosmos and Harmony.
The project's advisors also include prominent names such as. Ethan Buchman - co-founder of the Cosmos ecosystem, or deep expertise from the aforementioned Ethereum ecosystem
Celestia has received investments from major financial institutions in the market in the following rounds:
Strategic Round 2021 ($1.5 million): Binance Labs, Interchain Foundation
Seria A i seria B 2022 ($55 milion): Bain Capital Crypto, Polychain Capital, Placeholder, Galaxy, Delphi Digital, Blockchain Capital, Spartan Group, Jump Crypto
Before we can understand Celestia, we need to know a few terms. First, each blockchain has 4 main functions, including: Consensus, Execution, Data Availability and Settlement.
Consensus - A method by which everyone on the network agrees on which transactions should take place and determines the order of transactions. For example, the Bitcoin blockchain with its Proof-of-work consensus mechanism - using computing power to validate transactions, or Ethereum's Proof-of-Stake consensus mechanism.
Execution - Decides which transactions are valid and updates the network.
Data Availability - Refers to the ability to make transaction data available for downloading nodes so that anyone can identify them in the blockchain.
Settlement - Settlement of disputes and bridges
In addition, it is worth mentioning here what Modular blockchains and Rollups really are.
Modular blockchains or, modular blockchains are a new paradigm in blockchain design. Instead of one blockchain doing everything, modular blockchains specialize and optimize to perform a particular function. This specialization provides a breakthrough in scalability, flexibility and interoperability, enabling developers to create blockchain applications for mass adoption.
Rollups are a relatively new type of blockchain. What sets them apart is that they offload some of their work to an L1 layer such as Celestia. The simple version is that rollups publish their transaction data to Celestia, which is organized and made available to rollup users for download. As a bonus, rollups receive a portion of Celestia's security features.
Unlike traditional monolithic blockchains, which attempt to address every aspect of a decentralized network, Celestia adopts modularity as a core design principle.
In the modular model, the blockchain separates consensus and transaction execution. This means that one blockchain is responsible for execution and the other for consensus.
The execution layer will be implemented by the blockchain built on Celestia. From this point on, these blockchains are free to specialize without having to rigidly adhere to a common set of rules.
This means that instead of trying to do everything, Celestia will specialize in specific functions, optimizing performance and paving the way for mass adoption of blockchain technology.
Something that sets Celestia apart from other projects is that it does not verify the correctness of transactions. Celestia has a consensus PoS, but it uses it to rank transactions in the right order, not to check and reach consensus on their correctness.
Celestia's approach to blockchain development is the opposite of traditional maximalist thinking. Instead of competing in isolated ecosystems, Celestia encourages collaboration with connected chains.
A new mechanism, is Data Availability (DA) which optimizes the data validation process, is one of the main advantages of Celestia. If there is a need to retrieve all the data in one block will mean that if there is a large amount of information, more powerful resources will also be needed.
Celestia assumes that it is up to the projects that send their data to the layer (DA) to verify which transactions are correct and which should be ignored, and it is on them to do this.
So you could say that this project doesn't care about the correctness of the transactions, but only whether the block producers have sent all the data behind them.
Celestia's native token is $TIA, with an initial total supply of 1,000,000,000 tokens. Celestia uses a gradual issuance strategy to increase the supply of $TIA through inflation.
The initial inflation rate is 8% per year, but it is not fixed. It decreases by 10% each year until it eventually stabilizes at an annual inflation rate of 1.5%.
This project aims to achieve a balance in the dynamics of token supply and demand, while encouraging long-term ownership and use of $TIA.
Based on current token distribution policies, we can estimate that the initial supply of $TIA in circulation is 141 million tokens.
Of these, 74 million tokens were allocated for airdrops, and 67 million tokens came from treasury unlocks. These two components together make up the initial supply of $TIA in circulation.
It is worth noting that all $TIA tokens will be gradually unlocked over a period of 4 years. This means that during the initial stages of the token launch, the supply of $TIA on the market will be relatively limited.
However, over time, especially a year after the tokens held by investors and the team are unlocked, the supply of $TIA in the market will increase significantly, potentially putting downward pressure on the price of $TIA.
We have already completed the official launch of the mainet of the Celestia network, which took place on October 31, $TIA tokens were distributed as part of the " genesis drop ", for which more than 7,579 developers and 576,653 onchain addresses qualified. 60 million $TIA (6% of the total supply) was allocated.
The top 50% of active users of the top 10 rollups according to TVL, and active stakers $Atom and $Osmo of the Cosmos ecosystem have already received their $TIA airdrop.
We currently have three major projects confirmed an airdrop to $TIA token stakers. Additionally, there is speculation that as more projects launch on Celestia (with several in the pipeline), active $TIA stakers may be rewarded with tokens from these new projects.
https://x.com/dymension/status/1742185621299265738?s=20
https://x.com/Sagaxyz__/status/1742950879911895285?s=20
https://x.com/MantaNetwork/status/1743286228513124468?s=20
Unlike other networks, Celestia is brand new and has no technical debt. A specialized team with experience, plenty of secured assets and no baggage from previous cycles.
There really is no comparison for Celestia, it is the first of its kind. For now, it reigns supreme in the early stages of the modular chain era. Given that Celestia is so unique and unprecedented, it is ideal for speculation.
Every cycle, a new generation of blockchains emerges. In each cycle, one new chain stands out and wins massively.
So far, Celestia appears to be the most promising candidate to win the fourth generation of blockchains. Previous winners were Bitcoin, Ethereum and Solana.
The first generation of blockchains dates to 2011-2013, characterized by proof-of-work based chains. Bitcoin, Litecoin and Namecoin are just a few examples from this era, with Bitcoin coming to the forefront.
The second generation, covering 2014-2017, was a period of early smart contracts. Ethereum, the EOS network and many others fought for dominance, with Ethereum emerging as the winner.
The third generation, dated 2018-2022, is the era of fast and scalable blockchains based on proof-of-stake. Solana, Avalanche, Terra are just a few of the many networks, and Solana has gained the upper hand.
The fourth generation, spanning 2023-2026, heralds the era of modular chains. Celestia, Eigen Layer and other projects are competing for dominance. At present, it seems that Celestia is likely to win this generation.
Celestia's potential successes in the fourth generation could bring huge increases, given the history of previous leaders in their initial cycles. 📜
X & Mirror
If you are interested in articles on innovation, cryptocurrencies, blockchain technology and many other fascinating topics, I invite you to subscribe to my channel! I will regularly publish content that will provide you with interesting information and new insights into the world of the digital future.
Stay tuned for the latest articles and let's explore the world of rapidly developing technologies together. Subscribe now and join this exciting journey of technology news!
To support my activity, feel free to follow me on Mirror and X platform, also I encourage you to collect articles by minting them and see you on next! 🚀
Today, blockchain is one of the most discussed technologies. It is creating new opportunities in many industries such as banking, healthcare, supply chain to insurance, data storage and cyber security.
Recently, Celestia has gained considerable publicity on the web, which we can observe from the very valuation of the $TIA token (currently over $10) by the market and the media hype that this project has made.
Below in the article we will try to understand the most important aspects of this project and what the entire success of Celestia was built on. Feel free to read it. 📜
Team
Funding
Ecosystem
Important terms
How Celestia works
Unique aspects of Celestia
Tokenomics & Available Supply
Token inflation
Conclusion
X & Mirror
Celestia is a revolutionary L1 layer modular blockchain platform designed to bring a new level of performance, scalability and flexibility to the blockchain ecosystem.
The journey began in 2019, Celestia was built using the Cosmos SDK and uses consensus Tendermint.
Team with years of experience in building and developing blockchain comes from projects such as Ethereum, Cosmos and Harmony.
The project's advisors also include prominent names such as. Ethan Buchman - co-founder of the Cosmos ecosystem, or deep expertise from the aforementioned Ethereum ecosystem
Celestia has received investments from major financial institutions in the market in the following rounds:
Strategic Round 2021 ($1.5 million): Binance Labs, Interchain Foundation
Seria A i seria B 2022 ($55 milion): Bain Capital Crypto, Polychain Capital, Placeholder, Galaxy, Delphi Digital, Blockchain Capital, Spartan Group, Jump Crypto
Before we can understand Celestia, we need to know a few terms. First, each blockchain has 4 main functions, including: Consensus, Execution, Data Availability and Settlement.
Consensus - A method by which everyone on the network agrees on which transactions should take place and determines the order of transactions. For example, the Bitcoin blockchain with its Proof-of-work consensus mechanism - using computing power to validate transactions, or Ethereum's Proof-of-Stake consensus mechanism.
Execution - Decides which transactions are valid and updates the network.
Data Availability - Refers to the ability to make transaction data available for downloading nodes so that anyone can identify them in the blockchain.
Settlement - Settlement of disputes and bridges
In addition, it is worth mentioning here what Modular blockchains and Rollups really are.
Modular blockchains or, modular blockchains are a new paradigm in blockchain design. Instead of one blockchain doing everything, modular blockchains specialize and optimize to perform a particular function. This specialization provides a breakthrough in scalability, flexibility and interoperability, enabling developers to create blockchain applications for mass adoption.
Rollups are a relatively new type of blockchain. What sets them apart is that they offload some of their work to an L1 layer such as Celestia. The simple version is that rollups publish their transaction data to Celestia, which is organized and made available to rollup users for download. As a bonus, rollups receive a portion of Celestia's security features.
Unlike traditional monolithic blockchains, which attempt to address every aspect of a decentralized network, Celestia adopts modularity as a core design principle.
In the modular model, the blockchain separates consensus and transaction execution. This means that one blockchain is responsible for execution and the other for consensus.
The execution layer will be implemented by the blockchain built on Celestia. From this point on, these blockchains are free to specialize without having to rigidly adhere to a common set of rules.
This means that instead of trying to do everything, Celestia will specialize in specific functions, optimizing performance and paving the way for mass adoption of blockchain technology.
Something that sets Celestia apart from other projects is that it does not verify the correctness of transactions. Celestia has a consensus PoS, but it uses it to rank transactions in the right order, not to check and reach consensus on their correctness.
Celestia's approach to blockchain development is the opposite of traditional maximalist thinking. Instead of competing in isolated ecosystems, Celestia encourages collaboration with connected chains.
A new mechanism, is Data Availability (DA) which optimizes the data validation process, is one of the main advantages of Celestia. If there is a need to retrieve all the data in one block will mean that if there is a large amount of information, more powerful resources will also be needed.
Celestia assumes that it is up to the projects that send their data to the layer (DA) to verify which transactions are correct and which should be ignored, and it is on them to do this.
So you could say that this project doesn't care about the correctness of the transactions, but only whether the block producers have sent all the data behind them.
Celestia's native token is $TIA, with an initial total supply of 1,000,000,000 tokens. Celestia uses a gradual issuance strategy to increase the supply of $TIA through inflation.
The initial inflation rate is 8% per year, but it is not fixed. It decreases by 10% each year until it eventually stabilizes at an annual inflation rate of 1.5%.
This project aims to achieve a balance in the dynamics of token supply and demand, while encouraging long-term ownership and use of $TIA.
Based on current token distribution policies, we can estimate that the initial supply of $TIA in circulation is 141 million tokens.
Of these, 74 million tokens were allocated for airdrops, and 67 million tokens came from treasury unlocks. These two components together make up the initial supply of $TIA in circulation.
It is worth noting that all $TIA tokens will be gradually unlocked over a period of 4 years. This means that during the initial stages of the token launch, the supply of $TIA on the market will be relatively limited.
However, over time, especially a year after the tokens held by investors and the team are unlocked, the supply of $TIA in the market will increase significantly, potentially putting downward pressure on the price of $TIA.
We have already completed the official launch of the mainet of the Celestia network, which took place on October 31, $TIA tokens were distributed as part of the " genesis drop ", for which more than 7,579 developers and 576,653 onchain addresses qualified. 60 million $TIA (6% of the total supply) was allocated.
The top 50% of active users of the top 10 rollups according to TVL, and active stakers $Atom and $Osmo of the Cosmos ecosystem have already received their $TIA airdrop.
We currently have three major projects confirmed an airdrop to $TIA token stakers. Additionally, there is speculation that as more projects launch on Celestia (with several in the pipeline), active $TIA stakers may be rewarded with tokens from these new projects.
https://x.com/dymension/status/1742185621299265738?s=20
https://x.com/Sagaxyz__/status/1742950879911895285?s=20
https://x.com/MantaNetwork/status/1743286228513124468?s=20
Unlike other networks, Celestia is brand new and has no technical debt. A specialized team with experience, plenty of secured assets and no baggage from previous cycles.
There really is no comparison for Celestia, it is the first of its kind. For now, it reigns supreme in the early stages of the modular chain era. Given that Celestia is so unique and unprecedented, it is ideal for speculation.
Every cycle, a new generation of blockchains emerges. In each cycle, one new chain stands out and wins massively.
So far, Celestia appears to be the most promising candidate to win the fourth generation of blockchains. Previous winners were Bitcoin, Ethereum and Solana.
The first generation of blockchains dates to 2011-2013, characterized by proof-of-work based chains. Bitcoin, Litecoin and Namecoin are just a few examples from this era, with Bitcoin coming to the forefront.
The second generation, covering 2014-2017, was a period of early smart contracts. Ethereum, the EOS network and many others fought for dominance, with Ethereum emerging as the winner.
The third generation, dated 2018-2022, is the era of fast and scalable blockchains based on proof-of-stake. Solana, Avalanche, Terra are just a few of the many networks, and Solana has gained the upper hand.
The fourth generation, spanning 2023-2026, heralds the era of modular chains. Celestia, Eigen Layer and other projects are competing for dominance. At present, it seems that Celestia is likely to win this generation.
Celestia's potential successes in the fourth generation could bring huge increases, given the history of previous leaders in their initial cycles. 📜
X & Mirror
If you are interested in articles on innovation, cryptocurrencies, blockchain technology and many other fascinating topics, I invite you to subscribe to my channel! I will regularly publish content that will provide you with interesting information and new insights into the world of the digital future.
Stay tuned for the latest articles and let's explore the world of rapidly developing technologies together. Subscribe now and join this exciting journey of technology news!
To support my activity, feel free to follow me on Mirror and X platform, also I encourage you to collect articles by minting them and see you on next! 🚀
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