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Celestia is a modular data availability (DA) network that securely scales with the number of users, making it easy for anyone to launch their blockchain.
Modular Blockchain-
The Modular blockchain is blockchain which is different from monolithic blockchain. It does execution, consensus, and other functions over multiple specialized chains. The idea of a modular blockchain is that it can specialize in a couple of functions instead of trying to do everything.
Its specialized functions are
Execution
Settlement
Consensus
Data availability
Rollups - This is a type of modular blockchain that specializes in execution and sends them to another modular blockchain to handle the other core functions.
Decoupling of layers-
Celestia's main feature is to decouple the traditional blockchain layer 1 by separating the consensus and execution layers. It shows that the consensus is only responsible for ordering transactions and availability.
Data availability sampling- Celestia uses Data availability sampling which verifies data availability without downloading data from the entire block. It increases transaction speed and minimizes costs.
Celestia Blockchain details-
Blockchain time- 15 seconds
Transaction Speed- 0.19 seconds
Transaction fees- $0.01.
TIAUSD prices recovered more than 25% after a minor sell-off. The pair jumped more than 550% from an all-time low of $2.21. It hit a high of $15.30 and is currently trading around $13.48. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).
The near-term resistance is around $15.35, any indicative breach above will take the pair to $$17.75/$20. On the lower side, immediate support is $10, and any violation below targets $8/$5.
Indicators ( Daily chart)
CCI(50)- Bullish
Directional movement index - Neutral
It is good to buy on dips around $11 with SL around $8 for TP of $20.
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