Blockchain
Celestia Foundation Secures $100M to Boost Blockchain Scalability
Key Takeaways
– Celestia Foundation Raises $100 Million: In a funding round led by Bain Capital Crypto, Celestia secured $100 million, increasing its total capital to $155 million.
– Modular Blockchain Architecture: Celestia aims to address the limitations of traditional Layer 1 blockchains by using a modular design, which enhances flexibility and scalability for decentralized applications (dApps).
– Scalability Ambitions: The funds will help push blockchain scalability beyond Visa’s transaction capacity, targeting one gigabyte per second throughput through modular design.
Revolutionizing Blockchain Scalability
Celestia Foundation’s latest $100 million fundraising round marks a significant step forward in blockchain development. With its modular blockchain architecture, Celestia is pioneering advancements in scalability and data availability. The foundation is gaining traction, drawing attention from both blockchain enthusiasts and investors.
Breaking Blockchain Barriers: Modular Design
Traditional blockchains, like Ethereum, are limited by their “monolithic” design, where consensus, execution, and data availability occur on a single layer. This causes performance issues as usage increases. Celestia’s modular approach decouples these tasks, allowing for greater flexibility and scalability. The system can support custom solutions on any virtual machine or rollup framework, significantly increasing speed and throughput.
With this modular structure, Celestia is targeting a block throughput of one gigabyte per second—far surpassing current standards and potentially outperforming Visa’s 24,000 transactions per second.
From Dial-up to Fiber Optic Era
Since its Mainnet Beta launch in 2023, Celestia has consistently focused on improving scalability. Co-founder Mustafa Al-Bassam likened its progress from the “dial-up era” to the “broadband era,” and now Celestia aims for the “fiber optic era,” where transaction speeds are faster, latency is reduced, and verifiability remains strong. This shift is expected to make blockchain applications more accessible for DeFi, NFTs, and enterprise solutions, at a lower cost than typical Layer 1 blockchains.
What’s Next for Celestia?
Despite fluctuations in the price of Celestia’s native token, TIA, the $100 million investment underscores confidence in the project’s long-term potential. The foundation continues refining its modular infrastructure to handle growing demands from decentralized applications, offering high-performance options for DeFi, NFTs, and beyond. With a clear roadmap and fresh funding, Celestia is poised to redefine the future of blockchain technology.
Source: the-blockchain.com
The post Celestia Foundation Secures $100M to Boost Blockchain Scalability appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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