What is Celestia ($TIA)? Unpacking Modular Blockchains

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
/ musalbas
Ismail
/ kreuzuquer
Celestia
celestia.org/learn/
Vitalik’s Endgame
vitalik.eth.limo/general/2021...
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Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures⁠

[@Bankless]

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[@alexandrupopescu1619]

Great one, guys. Modularity is the evolution of blockchains and TIA is leading the game.

[@alexstoiko3344]

TIA is SOL of this cycle.

[@dcf6512]

Disagree.

[@gab_s183]

Agree

[@myuseronly73]

agreed 👏👏👏

[@MrTrigz]

How??? Did you see the initial marketcap?

[@josephkelley3035]

​@@MrTrigzagreed

[@Duncan4president]

Awesome interview. You always have great questions and explain things in a way that’s easier to understand for us normies.

[@ecproth9296]

$TIA is my technological bet this bull cycle. Can reach EASY $30B-$40B market cap.

[@lherfel]

Great Job by David of Bankless, much thanks. love the cross chain eth and solana references you make. Great content, nice broad overlay on Celestia. Cheers

[@gab_s183]

Solestia

[@lherfel]

@27:38 TLDR: eth rollups scale base layer, whereas celestia scales the rollups. two spaceman moment? is it all celestia? cheers to lazy ledger : ) @40:30 celestia rollup sequencer 10-20ms versus solana 400ms

[@foolo1]

1gb blocks, 1bn light nodes and 1mn rollups ... but how many full nodes?

[@mikael5028]

im insanely bullish, many new comers asking me about this coin! lets finally make new innovations that make this space useable

[@deadskullie]

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[@deadskullie]

@Casseyfilmore VlA t e I e g r am.

[@TestNope]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.

[@pusakunu2394]

Bitcoin's role as a store of value and its potential for future growth make it an attractive investment option. BTC trading can be a thrilling way to participate in this digital asset's journey.

[@elisalamtran]

Cassey is actually a good place to start. She manages my potfolio too. Very commendable.

[@zakurayi]

If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation. I require a solid data trajectory and solution as soon as possible.

[@simonhilgevoord8020]

BUY BUY BUY

[@88peyote]

Thank you for this interview! Still trying to understand how this all work. Would be nice to make some educational video about modular blockchains with graphs and some easy to grasp metaphors

[@lherfel]

these DA layers work because they are very simple. They just take Data, any data in binary form, zeroes and ones........ this is simple but KEY. all the data could be meaningless, celestia does not know or care....... data could be random completely meaningless gibberish. for fun and just illustrate this point let's just say that it is completely random gibberish just meaningless data. Celestia will take these blobs of meaningless data and it will organize them into blocks and then the nodes of celestial which are just individual computers will come to "consensus" that they all have the same order of this gibberish data. That is it that is all celestial does.... so it is very quick. then they do take some mathematical manipulation of the data which could be entirely meaningless, and they mathematically extend it and add a little bit to it. Erasure Sampling... this part it's hard for me to simplify. But if you were of the age where you can remember a compact disk, and remember that one could put a scratch across the compact disk, and it would still work. That is what they are doing with the same thing they did with compact disk. And the key by doing this is, you can destroy some of the data, but still recover all the data., another byproduct of the extension mathematically of the original data set is that you can sample randomly now extended data and if you sample just one percent of it, you can be pretty much 100% sure that it is all there and it is all intact and that you can construct it all.

[@Moneychain2]

​@lherfel seems to collect irretrievable data and make it legible.

[@johnnyartillery]

Skip the commercials to 43:00 for the actual video

[@TeleportlabsETH]

As much as I like the tech, excluding US users from their Airdrop just shows what this space is devolving to. Air drops in general are pretty bad because they encourage fake activity but, also it is a cheap way of introducing a token. Why not give it to people that run the nodes? At least you had to do something in exchange??

[@MrTrda]

Would love to hear a good response on this concern…

[@notker88]

How would these millions of light nodes upgrade the software, who maintains that, Upgrades etc?

[@Aki_Oficial]

easy as git pull and compile a new node version.

[@notker88]

@@Aki_Oficial who tells them and the fridge?

[@cryptowatch-ed7cm]

TIA price going up while BTC keeps dipping so imagine the coming X’s into the coming Bull! I also think a lot of buyers are staking for its coming airdrops soonwhich will be digital gold ,I have 10K staked and DCA more ..just on TIA and it’s airdrops alone I’ll be sitting pretty $ in the bull,not selling a single one 😎

[@learningisfun273]

Where are you staking?

[@sochowell3469]

If these guys are out on Cardano $ADA, i am out on Bankless. No worries and good luck guys ...

[@mastertoki1]

I wonder if it could hold a decentralized stablecoin. That would be the holy grail

[@tz8904]

Ppl need to know the whole lifecycle of a Transaction with rollup + DA layer with concrete examples. That's missing in every video, podcast and online material.

[@chriswalth]

34:40 What is this laughter about when Cardano is being mentioned? I keep seeing this sorts of reactions from Bankless, but I never hear a plausible explaination for it.

[@theonlyconstantischange123]

Because it was the laughing stock of the previous cycle when all we heard was hubris from ada holders...and also that it doesn't have demand for it's block space so why would it need to expand to L2 architecture. So David naturally compulsively laughs

[@chriswalth]

@@theonlyconstantischange123 Thanks for clarifying! Actually I see is hubris all over the crypo space, including from ETH maxis. And frankly, I don't care. I also have little opinions on Ada. But what I understand is that Cardano's approach to set up a blockchain for mainstream adoption is fundamentally different from Ethereum. And you can only call it a "laughing stock", if you ignore this and focus on short-term development. Me personally, I find it very interesting to watch how these different approaches evolve in the mid-term. And I wish Bankless would show a bit more curiosity in this regard and would critize Cardano through a proper discussion which I couldn't find anywhere. But then, what do I know...

[@cryptarabio]

NEXT Solana

[@ecproth9296]

$

[@annaschuster8943]

Please maken celestia 7 europa bicause its verry expensiv for to buy celestia

[@fatah2810]

bruh I want to all in so bad

[@EdgarHernandez-up6oq]

Is that the guy from lulzsec lmao

[@Iliketurtlezz]

yep

[@EdgarHernandez-up6oq]

@@Iliketurtlezz wait how is he not in jail 😭🤣 I thought their hacks were wild

[@sakibc1787]

What the f*** is up with the huge commercial in the beginning

[@TheMisterBalada]

Did a 6x in a month and you guys doing a show with the titel „undervalued?“ Such grifters sometimes

[@marcl3928]

ehh it's just clickbait

[@alexstoiko3344]

New coin, new chart, new hope, no bagholders, good backers. It will be much higher in a full blown bull. If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

[@TheMisterBalada]

@@alexstoiko3344 much higher, yikes it‘s at 10bn FDV🤣 I got TIA airdrop and sold mine at 6$ and happy with it. Congratulations for every gain you‘re achieving and if you think you‘re gonna make a lot of money with it, try it. I rather invest in smaller caps with better upside 🫡

[@Deroxated]

Exactly, the bare minimum would be to recommend waiting for a retrace and not fomo

[@MrFanis93]

@@alexstoiko3344 NO BAGHOLDERS???? hahahahah really??? look fully diluted marketcap..and how many coins coming... i hold so many TIA too but dont think will go more up at this moment . i wish it but if they realize 50% of coins i see TIA to 2$ again too soon

[@Deroxated]

10B FDV lol, look elsewhere for a 10/20X

[@jordanphillip5900]

Other coins had worst fdv in the bull. This type of thinking won’t make you any money

[@lacriptouni]

agree. And the next unlocks are in OCT 2024, we have time to make money@@jordanphillip5900

[@Deroxated]

@@jordanphillip5900 True and even meme coins went much higher than this in the previous cycle but the range of good projects to invest on is also much larger this time around

[@walktheworld]

@@jordanphillip5900 but all VC tokens are locked until next October, I think. Plenty of time to make money in the meantime. I still have my airdrop and will use it to explore the Celestia ecosystem.

[@balongga8450]

NEAR has 30x more DA than Celestia.. Other than that, I don't know what to say.. You are heading the wrong way.