Celestia (TIA)

Celestia (TIA) was launched at the end of October 2023 with an airdrop. Initially, Celestia was launched in 2019 under the name LazyLedger, but due to the lazy association, it rebranded to Celestia in 2022, indicating the unlimited possibilities. Blockchain developers can program their solutions and apps using their preferred mechanisms. They can then transfer them to Celestia to access the basic consensus and data control, which are essential for blockchains and decentralized apps (DApps). This modularity allows developers to use programming languages and execution environments of their choice. On the underlying consensus layer, Celestia uses the proof-of-stake (PoS) mechanism. Initially, the validation process is carried out by 100 nodes. The platform also supports staking delegation from one node to another. Meanwhile, the interconnected data availability layer distributes and stores valid data across the network. In this modular design, rollups can also be developed. TIA is the native coin of Celestia. The token can be used by roll-up developers to access the underlying data availability layer. It can also be used to pay gas fees on the network. Other functions of the TIA token include staking and governance.