What is TIA?

_{What is Celestia (TIA)?}

Celestia works as a distinctive Layer 1 blockchain with a modular design.
This design allows developers to launch their own blockchain with a significant reduction in complexity and time investment.
By leveraging existing rollup technology, the Celestia network separates the execution layer and the layers together.
Make it possible to work independently while taking advantage of a robust infrastructure for the availability of information.

_{Blockchain nativo:}

Celestia (TIA) runs on its own blockchain, designed as a modular blockchain network.
It is this innovation that allows the separation of actions, consensus and availability of information.
Which facilitates the deployment of custom blockchains at minimal cost.

_{Protokola Konsensus:}

Celestia blockchain uses proof-of-stake (PoS) to secure networks
Users can stake their TIA tokens to support validators and earn rewards.
This contributes to the overall security and integrity of the blockchain.

_{Trilemma (Security, Speed, Scalability):}

Seguridad: Celestia uses a Proof-of-Stake (PoS) mechanism, which improves security by requiring validators to stake TIA tokens.
This incentivizes correct behavior, as validators may lose the token at stake if they misbehave.

snelheid: With separation of operations from Layer and availability of Celestia data
It thus allows multiple blockchains (or rollup) to run simultaneously without overwhelming a single network.
This segmentation capability greatly improves transaction speed, as different chains can process transactions in parallel.

Scalabilità: High traffic capacity. Celestia aims to scale the block size up to 1 GB.
This allows for a much higher transaction volume than traditional blockchains.
This capability is designed to support a wide range of applications and services that require high throughput.

_{Founder/Date Founded:}

Celestia (TIA) was co-founded by Mustafa Al-Bassam and Ismail Khoffi. The project started in 2019.
With the launch of the mainnet in October 2023, Mustafa Al-Bassam: key figures in the Al-Bassam blockchain community
Graduated with a PhD in Computer Science from University College London
And previously co-founded Chainspace, which Facebook has acquired.
He is recognized for his expertise in blockchain scalability and security.

Ismail Khoffi: Served as CTO of Celestia Labs Khoffi
Extensive experience in IT security and blockchain infrastructure
He has worked with organizations such as Tendermint and the Interchain Foundation.

_{Objective/Use Case:}

TIA is a fundamental element within the Celestia network
Which plays a number of roles that enhance the functionality, security, and governance of the platform.
As a diversified token, TIA facilitates payments for data availability.
Serves as a gas token for rollup, supports network security through staking
Enable decentralized governance and encourage engagement among validators and developers.

Payment for the availability of informationOne of the main uses of TIA is payment for storage capacity.
Also known as “blobspace” on the Celestia network, developers and applications
Especially those who use rollup need this space to publish their data, with the sending of transactions called PayForBlobs.
Developers thus ensure that their data will remain available for review and processing.
This mechanism allows the efficient and secure dissemination of information throughout the network.

Staking and network securityCelestia network security is based on a proof-of-stake consensus mechanism.
In which TIA plays an important role, users can stake their TIA tokens to participate in the network authentication process.
Which secures the network from malicious activity.
Stakeholders will be rewarded with additional TIA tokens for their participation.
which motivates the preservation of the integrity and efficiency of the network.

_{Total supply/Limit or Unlimited:}

Celestia's TIA has a total supply of 1 billion tokens (1,000,000,000 TIA). This supply is constant.
This means that the TIA number will not be minted further.

_{Supply Deflation:}

The design of a TIA aimed at increasing value by systematically reducing supply through transaction and incineration fees
This model is not only encouraging to hold, but also in line with the broader goal of maintaining a sustainable ecosystem within the Celestia network.

_Source:

_‍Celestia.org

Forbes.com

Docs.celestia.org

TheBigWhale.io

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