Question 1

What is Celestia (TIA)?

Accepted Answer

Celestia is described as a modular data availability network that significantly scales its capabilities with the increase in the number of users. This innovative approach allows for the easy launch of independent blockchains by different users. The key technological innovation in Celestia is data availability sampling (DAS), which underpins the network's ability to scale effectively with user growth. Celestia's architecture is designed in such a way that it separates execution from consensus, which is a departure from traditional blockchain architectures. This separation allows Celestia to function as a minimal blockchain, focusing primarily on data availability​​.

Question 2

What is Celestia (TIA) used for?

Accepted Answer

TIA, the native asset of Celestia, fulfils several critical roles within the network:

* **Paying for Blobspace:** Developers use TIA to pay for data availability services on the Celestia network. This is done through 'PayForBlobs' transactions, where the fees are denominated in TIA.
* **Bootstrapping New Rollups:** Celestia allows developers to launch their own blockchain with ease, similar to deploying a smart contract. In this context, TIA can be used as a gas token and currency for these newly deployed blockchains, especially in their initial stages. This alleviates the need for developers to issue a new token immediately.
* **Proof-of-Stake:** Celestia uses a proof-of-stake mechanism, which is built with the Cosmos SDK. This allows users to participate in securing the network by delegating their TIA to validators in exchange for a portion of the staking rewards.
* **Decentralised Governance:** Holders of TIA also play a crucial role in the decentralised governance of Celestia. They can vote on network parameters and governance proposals and have a say in the governance of the community pool, which receives a portion of the block rewards​​​​.

Question 3

Who created Celestia (TIA)?

Accepted Answer

Celestia was co-founded by Mustafa Al-Bassam and Ismail Khoffi. Mustafa Al-Bassam, the CEO of Celestia Labs, is known for his work in blockchain scaling and was a co-founder of Chainspace, later acquired by Facebook. Ismail Khoffi, serving as the CTO of Celestia Labs, has a background in engineering, with experience at Tendermint and the Interchain Foundation. Their expertise in blockchain technology and distributed computing has been pivotal to Celestia's development and vision.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	TIA-USDT TIAUSDT	binance	AA	0.5340USDT	-2.14%	18,592,246.66TIA	142,912	0.5457USDT	0.5631USDT
2	TIA-USDT TIA_USDT	whitebit	BB	0.5334USDT	-2.20%	6,965,121.61TIA	28,195	0.5454USDT	0.5587USDT
3	TIA-TRY TIATRY	binance	AA	26.55TRY	-1.78%	4,184,919.58TIA	8,945	27.03TRY	28.00TRY
4	TIA-USD TIA-USD	coinbase	AA	0.5333USD	-2.15%	3,823,261.13TIA	21,594	0.5450USD	0.5593USD
5	TIA-USDT TIAUSDT	bybit	A	0.5339USDT	-2.13%	3,662,752.32TIA	25,468	0.5455USDT	0.5582USDT
6	TIA-USDT TIA_USDT	gateio	A	0.5336USDT	-2.20%	3,598,335.20TIA	24,930	0.5457USDT	0.5598USDT
7	TIA-USDT TIA-USDT	okex	A	0.5338USDT	-2.16%	3,524,458.53TIA	40,643	0.5456USDT	0.5583USDT
8	TIA-USDC TIA_USDC	whitebit	BB	0.5354USDC	-2.00%	3,280,237.28TIA	4,208	0.5463USDC	0.5585USDC
9	TIA-TRY TIA_TRY	whitebit	BB	26.61TRY	-1.87%	2,035,529.00TIA	3,788	27.12TRY	27.77TRY
10	TIA-USDT TIAUSDT_SPBL	bitget	BB	0.5346USDT	-2.07%	1,968,897.30TIA	7,084	0.5460USDT	0.5601USDT
11	TIA-USD TIAUSD	kraken	AA	0.5343USD	-1.96%	1,928,711.23TIA	7,417	0.5450USD	0.5581USD
12	TIA-USDC TIAUSDC	binance	AA	0.5334USDC	-2.16%	1,841,856.13TIA	8,327	0.5452USDC	0.5613USDC
13	TIA-EUR TIAEUR	kraken	AA	0.4771EUR	-2.25%	831,599.78TIA	1,993	0.4881EUR	0.4981EUR
14	TIA-USDT TIA-USDT	kucoin	BB	0.5349USDT	-2.09%	691,497.41TIA	2,927	0.5463USDT	0.5605USDT
15	TIA-EUR TIA_EUR	whitebit	BB	0.4760EUR	-2.20%	492,692.58TIA	971	0.4867EUR	0.4979EUR
16	TIA-BTC TIA_BTC	whitebit	BB	0.0₅6667BTC	-0.03%	373,313.20TIA	1,005	0.0₅6669BTC	0.0₅6903BTC
17	TIA-USDC TIA-USDC	okex	A	0.5338USDC	-2.11%	299,185.51TIA	1,617	0.5453USDC	0.5572USDC
18	TIA-USDC TIA_USDC	gateio	A	0.5355USDC	-1.78%	113,273.40TIA	364	0.5452USDC	0.5561USDC
19	TIA-TRY TIA-TRY	okex	A	26.70TRY	-0.48%	55,781.64TIA	297	26.83TRY	27.62TRY
20	TIA-EUR TIA-EUR	okex	A	0.4769EUR	-1.87%	42,405.88TIA	176	0.4860EUR	0.4952EUR
21	TIA-USD TIA_USD	cryptodotcom	AA	0.5341USD	-2.24%	25,760.90TIA	112	0.5463USD	0.5585USD
22	TIA-USDT TIA_USDT	cryptodotcom	AA	0.5360USDT	-2.19%	13,185.00TIA	132	0.5480USDT	0.5600USDT
23	TIA-USDC TIAUSDC	bybit	A	0.5179USDC	-3.36%	5,140.37TIA	54	0.5359USDC	0.5540USDC
24	TIA-USD TIAUSD	cexio	BB	0.5394USD	-3.01%	48.07TIA	1	0.5561USD	0.5561USD
25	TIA-USDT TIAUSDT	cexio	BB	0.5397USDT	-1.17%	48.07TIA	1	0.5461USDT	0.5461USDT
26	TIA-USDC TIAUSDC	cexio	BB	0.5407USDC	-1.12%	43.01TIA	1	0.5469USDC	0.5469USDC
27	TIA-USDT tia_usdt	lbank	C	0.5348USDT	-1.89%	4,527,452.10TIA	23,688	0.5451USDT	0.5608USDT
28	TIA-USDT tiausdt	huobipro	C	0.5331USDT	-2.26%	3,333,788.82TIA	31,419	0.5454USDT	0.5585USDT
29	TIA-USDT TIAUSDT	bitrue	D	0.5340USDT	-2.16%	3,211,067.16TIA	53,132	0.5457USDT	0.5612USDT
30	TIA-USDT TIAUSDT	mexc	C	0.5353USDT	-1.92%	3,109,071.76TIA	53,714	0.5457USDT	0.5586USDT
31	TIA-USDT TIA_USDT	coinw	-	0.5356USDT	-1.89%	2,862,489.40TIA	5,482	0.5459USDT	0.5573USDT
32	TIA-USDT tia_usdt	xtpub	-	0.5360USDT	-1.83%	1,838,308.67TIA	13,154	0.5460USDT	0.5580USDT
33	TIA-KRW KRW-TIA	upbit	B	720.00KRW	-1.23%	1,803,813.57TIA	2,454	729.00KRW	750.00KRW
34	TIA-USDT sTIAUSDT	phemex	C	0.5330USDT	-2.13%	1,529,354.64TIA	6,194	0.5446USDT	0.5592USDT
35	TIA-USD TIA-USD	btse	-	0.5334USD	-2.25%	1,028,302.98TIA	75,795	0.5457USD	0.5577USD
36	TIA-EUR TIA-EUR	bitvavo	B	0.4772EUR	-2.35%	967,083.74TIA	1,300	0.4887EUR	0.5004EUR
37	TIA-TRY TIATRY	btcturk	E	26.70TRY	-1.48%	879,009.91TIA	799	27.10TRY	27.80TRY
38	TIA-USDT TIA-USDT	bingx	D	0.5342USDT	-2.11%	858,607.32TIA	30,097	0.5457USDT	0.5586USDT
39	TIA-EUR TIAEUR	bit2me	B	0.4783EUR	-2.01%	779,277.64TIA	1,927	0.4881EUR	0.4981EUR
40	TIA-USDC TIA_USDC	coinw	-	0.5370USDC	-1.65%	627,883.32TIA	3,387	0.5460USDC	0.5570USDC
41	TIA-USDT TIA_USDT	bydfi	-	0.5360USDT	-1.83%	527,480.50TIA	5,988	0.5460USDT	0.5580USDT
42	TIA-KRW TIA_KRW	bithumbkorea	-	719.00KRW	-1.51%	498,552.34TIA	991	730.00KRW	746.00KRW
43	TIA-USDT TIA_USDT	bitunix	C	0.5349USDT	-1.98%	419,294.43TIA	26,629	0.5457USDT	0.5610USDT
44	TIA-USDT TIAUSDT	btcturk	E	0.5370USDT	-2.01%	337,970.76TIA	305	0.5480USDT	0.5600USDT
45	TIA-USDT tia_usdt	digifinex	D	0.5342USDT	-2.11%	152,594.90TIA	25,770	0.5457USDT	0.5584USDT
46	TIA-USDC TIAUSDC	mexc	C	0.5361USDC	-1.65%	104,037.72TIA	3,080	0.5451USDC	0.5570USDC
47	TIA-THB THB_TIA	bitkub	C	17.70THB	-3.86%	92,411.16TIA	80	18.41THB	18.90THB
48	TIA-USDT TIA-USDT	btse	-	0.5359USDT	-1.71%	33,991.50TIA	6,244	0.5452USDT	0.5576USDT
49	TIA-USDC TIA_USDC	bydfi	-	0.5350USDC	-1.83%	24,227.70TIA	2,889	0.5450USDC	0.5570USDC
50	TIA-MYR TIAMYR	luno	B	2.21MYR	0.37%	14,683.90TIA	40	2.20MYR	2.31MYR