Celestia Secures $100M for Modular Blockchain Scaling
The Celestia Foundation has raised $100 million in a funding round led by Bain Capital Crypto. Syncracy Capital, 1kx, Robot
A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers. Blockchain records are immutable so it cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.
Satoshi Nakamoto invented blockchain in 2008 to solve double-spending problem in bitcoin, making it the first digital currency without a trusted authority or central server.
The blockchain is tamperproof, as each block contains a unique identifier, timestamped transactions, and the previous block’s hash. This method links blocks together, preventing any alteration or insertion between existing blocks, making it a secure.
Smart contracts are agreements or rules governing business transactions stored on blockchains, executed automatically. Consensus is achieved through various mechanisms like proof of stake and PBFT, ensuring all parties agree to the network-verified transaction. To know about the latest news on Blockchain, read from CryptoTale.
The Celestia Foundation has raised $100 million in a funding round led by Bain Capital Crypto. Syncracy Capital, 1kx, Robot
Modular blockchain Hemi Labs has successfully raised $15 million to advance blockchain technology. This funding will support the development of
Powerledger, an Australian leader in blockchain-based sustainable energy solutions, has joined the Solana ecosystem. The company shared that they share
The football league LALIGA has partnered with crypto exchange Bitget. This is seen as a multi-million-dollar deal and a strategic
Seeker, the second crypto-oriented smartphone developed by Solana Labs, is slated to hit stores in 2025. The platform announced the
Google Cloud has launched a new Blockchain Remote Procedure Call (RPC) service. This will enhance crypto development and improve the
Starknet has enhanced the network governance, and the decision-making process, including the proposal of a new staking mechanism. The latest
Vega Protocol, which is supported by Pantera Capital, is set to shut down its layer-1 blockchain. The network will temporarily
Shiba Inu’s ecosystem is on the brink of a breakthrough, with its Layer 2 blockchain, Shibarium, nearing a three-month high
Cardano, the layer-1 blockchain, has successfully launched its hard fork ‘Chang.’ The upgrade, launched on Sunday, is a significant step
Ripple’s latest whitepaper examines the growing challenges that small and medium-sized enterprises (SMEs) face in cross-border payments and suggests potential
Sony Group’s blockchain subsidiary has initiated the test phase of its Ethereum Layer-2 blockchain, Soneium, with the unveiling of the
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