Celestia (formerly known as LazyLedger) recently caught my attention on CoinMarketCap as one of the newly added projects, boasting a market capitalization of over $322 million and a 24-hour trading volume of nearly $300 million.
So, what exactly is Celestia? It's a minimalist blockchain that distinguishes transaction ordering and publication from execution. This separation within the technology stack opens up exciting possibilities for decentralized app developers by providing a modular blockchain system. Celestia offers a data availability network that can scale with the increasing number of users, making it accessible for anyone to launch their own blockchain. Additionally, they introduce sovereign rollups, a novel type of self-governing blockchain with minimal platform risk.
The community surrounding Celestia appears active. However, I did notice some FUD in their Telegram group regarding a price dip, though I don't see any significant evidence of that in the price chart, so I'm not taking a strong stance on this issue.
It seems that Celestia has tackled the well-known "trilemma" in an innovative manner. Furthermore, their mainnet is already live. Looking good, 4 stars. Show Less
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