What is Celestia ($TIA)? Unpacking Modular Blockchains
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 7 December 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
Celestia’s token ($TIA) just dropped. Highlighted by its modular data availability network the crypto community has showed a lot of excitement around this launch.
Why? What is so valuable about Celestia? What is its vision for crypto? How, if successful, will Celestia change the crypto landscape?
Today, on Bankless We’re talking to two Celestia CoFounders Mustafa and Ismail to explore the thesis behind Celesia. So, strap yourselves in, put on your learning cap, because we’re going to learn about Celestia in today’s episode.
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TIMESTAMPS
0:00 Intro
4:10 What is Celestia?
6:12 The Modular Thesis
9:00 Celestia & Ethereum Relationship
18:27 Economics of Celestia
21:21 Celestia’s SDK
26:31 Celestia’s Capital Power
28:15 $TIA
32:18 Blob Stream
34:30 Celestia Endgame
36:18 Current & Future Projects on Celestia
41:15 Celestia’s Vision
43:55 Closing & Disclaimers
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RESOURCES
Mustafa
https://twitter.com/musalbas
Ismail
https://twitter.com/KreuzUQuer
Celestia
https://celestia.org/learn/
Vitalik’s Endgame
https://vitalik.eth.limo/general/2021/12/06/endgame.html
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https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | What about Celestia is so valuable? What is Celestia's vision for crypto? How, if successful, will Celestia change the crypto landscape? |
| 0:26.0 | Today on Bankless, we're talking to the two Celestia co-founders Mustafa and Ismail to explore the thesis around Celestia. |
| 0:32.0 | So, strap yourself in, put on your learning hat because we're going to learn all about Celestia today. |
| 0:37.0 | But first, a moment to talk about some of these fantastic sponsors that make this show possible, especially Kraken, |
| 0:43.0 | are preferred exchange for crypto in 2023 and beyond if you do not have an account with Kraken, consider clicking the link in the show notes to get started with Kraken today. |
| 0:51.0 | Kraken knows crypto. Kraken's been in the crypto game for over a decade and as one of the largest and most trusted exchanges in the industry, Kraken is on the journey with all of us to see what crypto can be. |
| 1:02.0 | Human history is a story of progress, it's part of us, hard-wired, we're designed to seek change everywhere, to improve, to strive, and if anything can be improved, why not finance? |
| 1:12.0 | Crypto is a financial system designed with the modern world in mind, instant, permissionless, and 24-7. |
| 1:18.0 | It's not perfect and nothing ever will be perfect, but crypto is a world-changing technology at a time when the world needs it the most. |
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| 1:58.0 | With 150 billion trades settled on-chain, and over 500 million in liquidity across arbitrum and avalanche, GMX is the preferred destination for DeFi traders and community liquidity providers. |
| 2:10.0 | Right now, over $12 million in arbitrum grants are being distributed to traders, LPs, and developers, building on GMX V2. |
| 2:18.0 | There's never been a better opportunity to experience the future of crypto trading. |
| 2:23.0 | And now, something big is happening. Introducing the SELO Layer 2. It's a game-changing proposal that's going to bring SELO's rapidly growing ecosystem home to Ethereum. |
| 2:34.0 | Vitalik has shared his excitement for the SELO Layer 2. |
| 2:37.0 | Vitalik has shared his excitement for the SELO Layer 2 on the SELO Forum, so has Ben Jones from Optimism. But why? The SELO Layer 2 will bring huge advantages, like a decentralized sequencer, off-chain data availability, and one block-finality. |
| 3:02.0 | Which is all that mean, rock solid security, a trustless bridge to Ethereum, and more real-world use cases for Ethereum without compromise. |
| 3:09.0 | And real-world adoption is happening. Active addresses on SELO have grown over 500% in the last six months. |
| 3:15.0 | With the SELO Layer 2, gas fees will stay low, and you can even pay for gas using ERC20 tokens. |
... |
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