On October 31, 2023, the Celestia Mainnet, a modular blockchain based on Cosmos, was launched. We've been hearing a lot about it lately and it's not that difficult to understand why.
What is Celestia?
As written before, it is a type of blockchain composed of different modules that can be combined to create new features. The advantages are scalability (it supports a large number of transactions), flexibility in the fields of use and interoperability with other blockchains, thus allowing data and resources to be exchanged between them.
The TIA token has a maximum supply of 1 billion and is used as a currency and means of payment for gas fees.
Here we come to partially answer the question "Why is there so much talk about it".
Coinciding with the Mainnet launch release, a huge airdrop of its token was made (1 TIA for 1 ETH, 1 SOL, 1 Cosmos, for every dApp used and for every token staked). In total, 100 million TIA tokens were distributed.
The airdrop has therefore contributed to creating great hype around the Celestia project, as well as the premises and objectives it sets.
Let's observe this new network and its developments. There are good foundations and great potential, but we need to understand whether the practical implementation will be up to par.
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