An innovative cryptocurrency project aims to provide online communities their own sovereignty via the use of a straightforward blockchain deployment and its own set of rules.
According to Celestia co-founder Ismail Khoffi, developers and communities would be able to install their own sovereign, personalized blockchains with just the “click of a button.”
Khoffi, who spoke with Cointelegraph last week at Korean Blockchain Week 2022, stated that the project’s goal is to decouple the application execution and consensus layers in order to provide decentralized app developers with new opportunities. Essentially, Celestia is a layer-1 rollup that provides customers with the infrastructure needed to construct their own layer-2 rollup or layer-1 blockchain.
He compared the project to Amazon Web Services, where you write your code and press a button, it’s deployed and people can start using it, and said that one of the aims of Celestia is to make establishing your own blockchain as simple as deploying a smart contract.
Celestia is modularly structured with adjustable features that provide users the opportunity to select their execution settings, much how the new rollup-centric Ethereum vision divides the consensus and data availability levels from the execution layer:
Communities may then select which settlement layer to employ, as well as start their own settlement layer or sovereign roll-up, according to Khoffi.
According to Khoffi, the concept behind the creation of Celestia was the need for online communities to have a feeling of autonomy and the desire to build their own blockchain.
A decentralized autonomous organization (DAO), he noted, could choose to launch its own blockchain and set its laws while utilizing Celestia’s security and infrastructure.
It will be less expensive, and you will have more freedom to choose what to do and how to accomplish it.
Before the debut, Khoffi claimed that “optimizations must be made and bugs must be eliminated.” Although Celestia has not yet released a token, it has already generated a lot of buzzes.
