- Celestia is the first modular blockchain network of its kind
- It is also expected to be the first to use Data Availability Sampling
OKX Ventures, the investment arm of world-leading digital asset company and crypto exchange OKX, will take part in Celestia Lab’s Series B funding round, Bankless Times learned from a press release.
A base layer for consensus
Celestia is the first modular blockchain network of its kind. Developers can use it as a base layer for data functions and consensus. Then, they can choose Ethereum, Solana, or another blockchain to build and launch theirs on. Alternatively, they can use zero-knowledge roll-ups or another compatible smart contract execution layer for this purpose.
This diverges from previous versions of blockchain infrastructure, where Layer-1 blockchains perform execution, consensus, and data functions all at once. Celestia calls this structure ‘monolithic.’
First network to use DAS
When Celestia goes live later this year, it is anticipated to be the first blockchain to use Data Availability Sampling (DAS). DAS is a quicker, lighter way to verify blocks without having nodes download all the data contained in the block.
The blockchain will let nodes verify more limited, randomly selected data within a block, thus ensuring scalability. It is precisely this aspect that has traditionally held Layer-1 blockchains back. OKX Ventures Founder Dora Yue said:
For the sake of scalability, we see a trend towards modularity in the blockchain industry. Celestia has pioneered a modular approach that is a completely different paradigm when compared to traditional Layer-1 chains, giving developers greater customization capabilities and potentially leading blockchain infrastructure into a new era.
Shared security and flexibility
Celestia offers developers a number of benefits if they choose it to deploy their modular blockchains on. These include not only improved scalability, but also the flexibility to choose between execution environments, including Ethereum and Solana.
There is shared security for interoperability between apps. The investment from OKX Ventures is expected to enhance the OKX ecosystem like many before it.
