Celestia Co-founder Nick White: Modular Blockchain to be the Future Direction of Blockchain Development

Coinlive- We Make Blockchain Simpler

Download and install the Coinlive app

Open

11/09/2023 15:18

During the "TimeStamp" summit held in Singapore on September 11th, Nick White, co-founder of Celestia, stated in his speech that he believes we are entering an era of modular-driven blockchain architecture. Currently, most L1 chains are built in a unified manner, where all functionalities occur within a single protocol and a set of nodes. However, the modular approach involves breaking down these functionalities into separate layers and protocols, allowing for recombination and specialization to achieve enhanced scalability and greater flexibility.Modular networks offer several advantages. As the number of nodes increases, blocks can become larger, freeing us from limitations imposed by a fixed block size and enabling the inclusion of more transactions. Additionally, modular networks provide greater flexibility by separating execution from the foundational L1 layer of consensus and data availability, avoiding reliance on a single virtual machine. Lastly, this approach empowers shared security and facilitates the rapid deployment of new blockchains.

Bullish

Bearish1

More news about nick white celestia

Apr 10, 2024 6:11 pm
Fed mouthpiece Nick Timiraos: Overheating of inflation in March may cause the Fed to overreact
Nick Timiraos, the "Fed mouthpiece," wrote that given the Fed officials' underreaction to the inflation data in January and February, the risk of overheating in March inflation data may be greater. The Fed has tried to avoid making policies based on one or two data points, but the resilience of economic activity so far this year means that the case for a mid-year rate cut depends on whether inflation resumes its steady downward trend since the second half of last year. If inflation is mild in March and April, the Fed may cut interest rates in June. But if inflation is frustrated again in March, it may disrupt the June rate cut plan and postpone the first rate cut to the Fed's July meeting, or even later. (Jinshi)
Apr 03, 2024 1:01 pm
Nick Van Eck’s Agora Stablecoin Raises $12 Million in Seed Funding Led by Dragonfly
Agora, co-founded by Nick Van Eck, garners $12 million in funding to introduce a stablecoin targeting international markets, while bypassing U.S. users until federal legislation evolves. source: https://cryptonews.com/news/nick-van-ecks-agora-stablecoin-raises-12-million-led-by-dragonfly.htm
Nov 29, 2023 11:14 am
The wallet associated with nick.eth deposited 200,000 ENS to Binance, making it the sixth largest holder of ENS.
According to Lookonchain monitoring, the wallet related to nick.eth once again deposited 200,000 ENS (approximately $1.71 million) to Binance 10 hours ago. The wallet deposited 200,000 ENS (approximately $1.71 million) to Binance on November 20. The wallet currently holds 1,534,696 ENS (approximately $13.15 million), making it the sixth-largest holder of ENS.
Nov 27, 2023 2:36 pm
Analysis: The address of the largest WHITE holder may belong to the development team
According to Spot On Chain monitoring, the largest holder address of WHITE (starting with 0x117) received 21,625 ETH (currently worth US$44.3 million) from the Hegic: Development Fund address on October 8. Whiteheart (WHITE) is an on-chain hedging protocol based on Hegic. Therefore, the whale address most likely belongs to the development team. According to previous news, according to Spot On Chain monitoring, the whale address starting at 0x117 exchanged 1,171 ETH (approximately $2.4 million) for 2,900 WHITE, causing the token price to surge by 764.78%. The giant whale is now the largest holder of WHITE.
Nov 27, 2023 1:29 pm
A giant whale exchanged 1171 ETH for 2900 WHITE and became the largest holder of WHITE
According to Spot On Chain monitoring, the whale address starting at 0x117 exchanged 1,171 ETH (approximately $2.4 million) for 2,900 WHITE, causing the token price to surge by 764.78%. The giant whale is now the largest holder of WHITE.
Oct 25, 2023 10:14 am
Celestia announces launch of non-profit organization Celestia Foundation
Modular blockchain network Celestia announced the establishment of the Celestia Foundation, a non-profit organization based in Liechtenstein. The foundation aims to guide the Celestia ecosystem and preserve its values. The Celestia community firmly believes that users should be first-class citizens of the network and be able to directly verify the integrity of the blockchain rather than relying on centralized intermediaries. The foundation's primary goals include funding open source research and development of scalable decentralized systems, public goods, and supporting developers of Celestia-based infrastructure and applications. The foundation’s management consists of four initial members, including Celestia co-founder and Celestia Labs CEO Dr. Mustafa Al-Bassam, cryptocurrency entrepreneur and investor Batuhan Dasgin, Celestia co-founder and Celestia Labs CEO Ismail Khoffi, Technical Officer, and Reinhold Wohlwend, Owner and Managing Director of Revalier.
Sep 26, 2023 10:30 pm
Celestia airdrop is now online
Odaily Planet Daily News The modular blockchain Celestia announced that the airdrop is now online. 7579 developers and 576,653 on-chain addresses will have the opportunity to join Celestia starting from the first block. Qualified participants can claim up to 60 million TIA (Celestia’s native asset) before 20:00 on October 17, 2023. The airdrop will also be distributed to those building the early modular ecosystem. This includes public contributors to other modular DA layers in development, such as Avail and Eigenlayer and Solana, who actively participated in Modular Summits I and II.
Aug 24, 2023 12:16 am
Nick Goode, Chief Marketing Officer of Encrypted Asset Custody Company Copper, Leaves
Odaily Planet Daily News Nick Goode, chief marketing officer of encrypted asset custody company Copper Technologies, resigned. Goode joins Copper in July 2022, having previously worked at Revolut and Sage Group. Copper said Goode's main task was to steer the company through a rebranding effort, which has now been completed. Previously, Copper chief operating officer Sabrina Wilson and chief legal officer Carly Nuzbach Lowery had left. In March, Copper announced it would lay off up to 15% of its workforce and end a longtime licensing agreement with State Street Corp., before scaling back its enterprise business. (Bloomberg)
Jul 21, 2023 7:21 pm
AltLayer will integrate Celestia's data availability layer into its Rollup
The Ethereum scaling project AltLayer announced that it will utilize Celestia's Data Availability (DA) layer to solve data availability issues and verify Rollup status in a trusted manner. As part of the integration, AltLayer will retrieve chain data from Rollup, perform compression and upload to the Celesta network. AltLayer says this will make its Rollup more scalable and affordable.
Sep 05, 2022 7:31 am
Venture capital firm 1confirmation founding partner Nick Tomaino changed his Twitter name to "1492.eth"
Nick Tomaino, founding partner of venture capital firm 1confirmation, changed his Twitter nickname to "1492.eth" and said that "Columbus started his first voyage in 1492." At the same time, he called ENS the perfect NFT series, "Some people don't think ENS is an NFT, but the fact is that it is the most widely held NFT." Foresight News previously reported that in June 1confirmation launched a US$100 million NFT fund, which will directly invest in NFT and has a 10-year life cycle, focusing on investing in new projects of the companies it supports, such as games, art, photography, and music. category of items.