Blockchain Data-Availability Project Celestia’s Foundation Raises $100M
When Celestia launched last year as the first modular data availability layer, it scaled blockspace from the dial-up era to the broadband era,” said Mustafa Al-Bassam, co-founder of Celestia, in a blog post shared with CoinDesk. “Now, the core developers have introduced the technical roadmap to scale blockspace to the fiber optic era – while keeping it verifiable and low latency.
This innovative approach marks a significant step forward in blockchain technology, providing users with enhanced scalability and efficiency. By transitioning to the fiber optic era, Celestia aims to improve the overall performance of blockspace while maintaining verifiability and low latency.
With the introduction of this technical roadmap, Celestia is set to revolutionize the way data is handled within blockchain networks. The move towards fiber optic era scalability signifies a new era of possibilities for the industry, paving the way for enhanced transaction speeds and improved network capabilities.
As Celestia continues to push the boundaries of what is possible in blockchain technology, users can look forward to a future where data availability is no longer a bottleneck. By embracing the advancements of the fiber optic era, Celestia is poised to lead the way towards a more efficient and scalable blockchain ecosystem.