celestia provides more data throughput than any other chain in the world is because it doesn't do execution and settlement by not doing those things that essentially frees up consensus nodes to just spend all their resources on bandwidth just all in data availability
therefore they can do more of that because they don't waste resources doing execution that's the first reason the second reason compounding this is that celestia uses data availability sampling so that nodes can verify that data is
available without fully downloading it this allows you to have trust minimize like clients and it allows you to have nodes that contribute to the security of the network without being full nodes without fully downloading everything and the combination of these two properties is what allows it to have a much higher throughput
problem is that ethereum is already dedicated to the continued execution of its own shitty dapps that are built specifically for execution on the eth chain.
Anthony Sullivan
l2 rollups still get verified/executed on Eth. just the data availability is on a separate layer. transaction data is posted to celestia, which validators (which anyone could be) attest to being correct.
these signatures over the fact that the data has been published to celestia are relayed to ethereum through our quantum gravity bridge contract in the form of a data availability attestation and then downstream roll-up contracts can use this bridge contract to query
rollups will post their proofs to ethereum and post their data to celestia and the bridge contract is essentially a drop-in replacement for a data availability mechanism which traditionally roll-ups co will either post their data directly to ethereum
or some roll-ups have have used a technique called volidium where you actually leave the data off chain but you use something called the data availability committee (aka centralized shitshow)
>technicals Give me the Dumbass Due Dilligence. I need a simple breakdown bc I stopped paying attention to Eth a while back bc its a horrible system in general.
which part of the system stores the current state of a contracts execution in celestium
Cameron Allen
kek if you read the short concise paragraphs it kind of explains the conceptual overview pretty clearly..
but to answer your question >which part of the system stores the current state of a contracts execution in celestium
data availability is essentially making sure that the data behind some transactions has been published to the world you need this because if you don't have this data you don't actually know what's happening in the blockchain
in addition to this ethereum also provides settlement so this means it'll verify proofs of what happens in a roll-up it will verify either that something invalid happened in the roll-up or it will verify that the roll-up is valid and these are fraud proofs and validity proofs respectively and the two flavors of roll-ups being optimistic and zk rollovers
on top of this consensus layer you have the roll-up layer and this roll-up will do execution it won't do data availability or settlement
>Any Forums finally heard about celestia i use this place as a late adopter signal which is a bummer when the token isn't even out yet means vcs will dump hard on retail
Celestia does not currently have a token, and won’t launch one until mainnet release sometime near the end of the year.
copied from youtube transcript
>i use this place as a late adopter signal i come here to find the most autistic discussion about crypto
Nicholas Martinez
Data availability is important for rollups but Celestia is worthless desu, Projects will just develop their own native DA, Ethereum develop their own too, There are benefit to it.
Also what's preventing Cosmos/Polkadot/Avalanche from forking Celestia into zone/parachain/subnet? It's probably better and more efficient for them to do this.
Jayden Allen
This
Carter Miller
And DA solve one of the three bottlenecks for Ethereum, State bloat is the biggest one (No concrete plan how to counter it at the moment) and Consensus is the second one (Ethereum will probably need to pivot to Avalanche/Snowball consensus or something else that might come in the future)
Also, I wonder why Celestia chose Tendermint, It's inherently centralised consensus and kinda defeat the point, As a DA it could never be sufficiently decentralised, at least not for the standards Ethereum is aspiring for
Evan Collins
Celestia will have a token that will be used to secure the network via Proof of Stake, and to pay for transaction fees on the network. We plan to implement a fee-burn mechanism similar to EIP-1559 in Ethereum so that burnt fees will offset new token issuance as Celestia gains adoption
>Projects will just develop their own native DA they were the first ones to solve the data availability problem, normally people trust the people who actually came up with innovation, not the ones trying to copy..
>There are benefit to it. such as? ... yeah im sure eth could steal the architecture to try and save them from becoming just a settlement layer..
>forking Celestia you could fork the Eiffel tower, doesn't mean that people will come visit
Blake Ross
I want to have sex with this project in the royal sauna.
Jose Jones
“Roll your own” is almost never going to be the preferred option for thousands of small developer teams with super constrained resources. Shit like celestia just makes life easier, and will wind up being the decentralized standard.
Henry Hernandez
>Tendermint inherently centralised consensus can u elaborate? i dunno shit about tendermint
Luis Bell
this was my line of thinking as well... same reason why developers don't create their own oracle solutions, way easier to integrate an already working solution
