Launched in late 2023, Celestia (TIA) is a pioneering blockchain network that introduced the concept of the "modular" blockchain to the cryptocurrency market. Unlike traditional "monolithic" chains like Bitcoin or Ethereum that handle execution, consensus, and data availability all on one layer, Celestia specializes solely in ordering transactions and ensuring data availability. This unique architecture allows developers to easily deploy their own high-throughput blockchains (known as rollups) on top of it, outsourcing the heavy lifting of security to Celestia. The native token, TIA, serves as the fuel for this ecosystem; it is used by developers to pay for data storage ("blobspace"), by users for gas fees on associated rollups, and by stakers to secure the network through its Proof-of-Stake consensus mechanism.
