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Celestia is a modular data availability network that makes it easy for anyone to securely launch their own blockchain. The network aims to address scalability issues commonly found in traditional blockchain systems and it differentiates itself by separating execution from consensus, without compromising security or decentralization.
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Celestia's native token, TIA, is used to pay for publishing data to the network's blobspace, staking to participate in consensus and securing the network, and as a gas token for rollups.
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Celestia (TIA) is foundational to its network because it is primarily utilized for participating in the network's consensus mechanism and paying transaction fees.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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