Search
Crypto News
Altcoin
BREAKING: Important Development – Surprise Altcoin Announces It Raised 100 Million Dollars
BREAKING: Important Development – Surprise Altcoin Announces It Raised 100 Million Dollars
Author:
Mete Demiralp
23.09.2024 – 18:03
Update:
22 seconds ago
0
According to the official statement, the Celestia (TIA) foundation raised $100 million.
Celestia Foundation today announced that it has raised $100 million in new funding led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others. This latest round brings Celestia’s total funding to $155 million.
Celestia’s Mainnet Beta, which launched in October 2023, introduced what they say is the world’s first modular consensus and data network that provides a unique approach to scaling blockchains. Since launch, the ecosystem has grown rapidly, with developers building 20 rollup chains and Celestia data blobs now representing more than half of the data published by rollups.
Celestia departs from traditional monolithic Layer 1 (L1) blockchain models where applications run on a single, shared execution layer. Celestia provides greater throughput scalability by eliminating execution layer overhead.
Developers can build high-performance decentralized applications using any virtual machine (VM) and are not limited to a single smart contract language or rollup framework.
The funding comes as Celestia’s core developer community unveils an ambitious technical roadmap to scale to 1 gigabyte blocks. This upgrade is expected to significantly increase data throughput for Celestia’s rollup ecosystem. With these improvements, Celestia is on track to achieve throughput that rivals or surpasses traditional payment networks like Visa, which processes approximately 24,000 transactions per second (TPS).
*This is not investment advice.
To invest in more than 300 cryptocurrencies, you can register with Binance exchange with 20% COMMISSION DISCOUNT from this link!
Follow our
Telegram
and
Twitter
account now for exclusive news, analytics and on-chain data!
Buradaki Yorumlardan Bildirim Al
Bildir
Benim yorumuma yeni yanıt geldiğinde
Label
Name:
Mail
Δ
Label
Name:
Mail
Δ
0
Comments
Latest
The oldest
Top Rated
Inline Feedbacks
View all comments