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Celestia is a modular data availability network that makes it easy for anyone to launch their own blockchain securely.
Rollups and L2s use Celestia as a network for publishing and making transaction data available for anyone to download.
Modular blockchains are a new paradigm in blockchain design. Instead of one blockchain doing everything, modular blockchains specialize and optimize to perform a given function.
LazyLedger, is a design for distributed ledgers where the blockchain is optimized for solely ordering and guaranteeing the availability of transaction data. LazyLedger, where consensus and transaction validity are decoupled, describes two alternative block validity rules that ensure block data is available.
Data availability is about proving data was published to the network. So, when a chain produces new blocks, nodes verify DA by downloading all the data.
Decoupling of layers-
Celestia's main feature is to decouple the traditional blockchain layer 1 by separating the consensus and execution layers. It shows that the consensus is only responsible for ordering transactions and availability.
Celestia Blockchain details-
Blockchain time- 15 seconds
Transaction Speed- 0.19 seconds
Transaction fees- $0.01.
TIAUSD performed well in the past two days.
Any daily close above $8 confirms further bullishness.
TIAUSD gained more than 40% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and below long-term moving average. It hit a high of $5.74 and is currently trading around $5.58.
The bullish invalidation can happen if the pair closes below $4. On the lower side, the near-term support is $5.50. Any break below target $5/$4. Any violation below $4 targets $2.
The immediate resistance stands at around $6. Any breach above confirms bullish continuation. A jump to $7.66/$8 is possible. A surge past $8 will take it to $10.
It is good to buy on dips around $5 with SL around $4 for TP of $8.
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