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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Celestia Plans For 1 GB Blocks For Scaling: Why Are TIA Holders Worried?

Dalmas Ngetich
Dalmas Ngetich
9 months ago
2 mins read
Celestia TIA

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Celestia, a top network and one of the few modular blockchains, is building. Less than a year after transiting to the mainnet after months of testing, the platform is taking bold steps to scale the base layer and further boost data availability.

Celestia Plans For 1 GB Blocks For Scaling

In a recent announcement, the platform’s core developers said it was preparing for the next phase, which will see the blockchain introduce 1 GB blocks. The decision to unleash 1 GB blocks will be a major move to scale on-chain and push throughput even higher.

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It will only make sense. Celestia uses a modular architecture that allows the network to scale. Unlike Ethereum, which is struggling to scale on-chain and heavily reliant on off-chain platforms like Base and StarkNet, Celestia remains scalable and flexible, circumventing challenges legacy networks encounter.

With 1GB blocks and scaling increased, Celestia said developers would be free to build whatever they wish. Exemplifying progress made by modern chains, developers are not confined to deploying smart contracts using a single programming language like struggles to scale on-chain, which is Solidity or Rust. Instead, they can choose what they are comfortable with.

To achieve the 1 GB blocks, Celestia plans to introduce innovations such as content-addressable mempools and compact blocks. Moreover, plans will be made to deploy internally sharding nodes and improve its data availability sampling protocol.

TIA Down 80%, Will The Supply Uptick Fast-Track The Dump?

Impressive as this could be, TIA, the native currency, has been on a free fall. Price data shows that bears have been in control after prices soared to as high as $21 in February, forcing the coin down by over 80%.

Celestia price trending downward on the daily chart | Source: TIAUSDT on Binance, TradingView
Celestia price trending downward on the daily chart | Source: TIAUSDT on Binance, TradingView

At spot rates, the coin remains under intense selling pressure. If anything, sellers could unwind all progress made after listing on Binance in early November.

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The immediate concern is the upcoming token unlock set for October 30. Usually, token unlocks are considered bearish due to the expected spike in supply.

TIA unlocking schedule | Source: @Token_Unlocks via X
TIA unlocking schedule | Source: @Token_Unlocks via X

Today, the platform will release 175 million TIA or 16.5% of the total supply. Afterward, a daily release of 1 million TIA will be from November 1.

By next year, Token Unlocks, a monitoring platform, projects that TIA’s supply will be up by nearly 4X. If demand remains low, as is currently the case, prices could plunge below November 2023 lows due to the deluge in supply.

Feature image from Shutterstock, chart from TradingView
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Dalmas Ngetich
Dalmas Ngetich

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

Read more

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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