Is $TIA Modular Money? | Nick White
In today's episode, David delves into the interesting dynamics between Ethereum and Celestia. While Ethereum and Solana are often seen as the main rivals, Celestia shares similar design philosophies and goals but with notable differences. Is it Ethereum's true competitor? Joining us to help answer that question and much more is Nick White, COO of Celestia Labs.
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🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle
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------ TIMESTAMPS
0:00 Intro 5:28 Celestia 2 Years Ago 6:30 Build Whatever & DA 11:29 Celestia Design Architecture 19:15 Ethereum vs. Celestia 22:26 Celestia No Virtual Machine Trade-Offs 29:57 Sharing DA Layers & Blockchain Interoperability 37:23 Celestia Trustlessness 42:09 DA as a Commodity? 54:09 Network Effects of DA 57:35 $TIA’s Role in Celestia Ecosystem 1:01:50 Lightnodes 1:04:57 $TIA’s Moneyness 1:10:20 Execution & Settlement Layers 1:16:46 Cosmos & Celestia & Ethereum 1:21:56 Sovereign Endgame 1:26:42 Closing & Disclaimers ------ RESOURCES
Nick’s 1st Bankless Episode https://youtu.be/bmSU3cZhe3U
Nick White https://twitter.com/nickwh8te
Celestia https://twitter.com/CelestiaOrg
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Why the Celestia Team Sees a Future With 10,000 Roll-Ups - Ep. 610
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Celestia, a data availability layer for blockchains, was launched last October to much fanfare. The platform takes a modular approach to blockchains, allowing developers to post data onto it without the need for smart contracts or execution. This makes it extremely useful for scaling roll-ups and other layer two technologies.
Celestia co-founder Mustafa Al-Bassam and COO Nick White join Unchained to discuss what Celestia is and how it works, how data availability sampling allows for more scalability, how Celestia compares with other data availability layers, whether Celestia could become a data availability layer for Bitcoin, and comparisons between Celestia and Solana.
Show highlights:
Mustafa’s background and how his project called Lazy Ledger ended up becoming Celestia
Nick’s vision for modular blockchains
Why Mustafa believes in the “10,000 roll-up” endgame
Why Mustafa thinks that gaming and NFT chains work better on a modular blockchain
What Celestia is and how it resembles the publication of an article in a newspaper
What data availability sampling (DAS) is and how it works to ensure that the data is available and accurate for validators
How DAS allows for more scalability
What types of applications can be built with this type of modular architecture
Mustafa’s explanation of the concept of Blob stream and blob space
How a roll-up can be an independent or sovereign layer, not just a layer 2 to a layer 1
How Celestia competes with other DA layers, like the future EigenDA
The role of the TIA token in the Celestia ecosystem
How Mufasa hacked the CIA when he was 16 years old and how he transitioned into crypto
Whether Celestia could become a DA layer for Bitcoin layer 2 roll-ups
Whether Solana could end up becoming an Ethereum layer 2 using Celestia for data availability
The proposal to extend the functionality of Celestia without smart contracts in the base layer
Thank you to our sponsors!
Popcorn Network
Polkadot
Guests:
Nick White, COO at Celestia Labs
Previous appearances on Unchained: Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate
Mustafa Al-Bassam, cofounder and CEO at Celestia Labs
Links
Modular vs. monolithic
Alchemy: Modular vs. Monolithic Blockchains
Visa: Monolithic vs. modular blockchain
Chris Burniske’s tweet on modular vs monolithic
“The horrific inefficiencies of monolithic blockchains” by polynya
Blockworks: A spicy salvo launched in the monolithic vs modular debate
Unchained: What Is the Blockchain Trilemma?
Celestia
Celestia’s explanation of modular blockchains
Data availability
Data availability sampling
An introduction to sovereign roll-ups
Learn more about your ad choices. Visit megaphone.fm/adchoices
Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate - Ep. 589
In this episode of Unchained, Anatoly Yakovenko, co-founder of Solana Labs, Nick White, COO at Celestia, and Chris Burniske, partner at VC firm Placeholder discuss the differences between modular and monolithic, or integrated, blockchains, with Solana epitomizing the monolithic approach and Celestia the modular one. They all agree that both approaches have their merits and will likely coexist, but argue each lends itself to specific use cases and developer preferences.They also discuss what will drive the next crypto bull cycle, and each gives their best predictions for a specific development in the crypto industry in the next few years.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:
Chris’s explanation of the modular vs. monolithic approach in blockchains
What drove Anatoly to prioritize speed in Solana's architecture and its impact on the network
What Celestia is and how it represents the first modular blockchain network
Whether developers and users will gravitate more towards modular or monolithic blockchains
How Solana, as one of the fastest blockchains, is gearing up to handle massive usage and scalability
Why Chris views Celestia as a frontrunner in the data availability sector
How Nick perceives the philosophical similarities and executional differences between Celestia and Solana
Whether there's potential for Solana to transition into a modular blockchain in the future
Why Chris believes that the Solana Virtual Machine (SVM) might surpass the Ethereum Virtual Machine (EVM) in user adoption
What challenges Bitcoin faces in developing actual Layer 2 solutions, especially considering its "doomers storage" issue
What could drive the next crypto bull market
Top predictions for 2024 and beyond
Anatoly’s perspective on how a significant hack could pose a serious setback for the entire industry
Thank you to our sponsors!
Arbitrum Foundation
Popcorn Network
iTrustCapital
Guests:
Anatoly Yakovenko, cofounder of Solana Labs
Previous appearances on Unchained:
Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans
Will Solana Be the Execution Layer and Ethereum the Settlement Layer?
Can Solana Seize Marketshare From Ethereum With Serum?
Anatoly Yakovenko on Why Solana Is Building the SAGA
Chris Burniske, partner at Placeholder
Previous appearances on Unchained:
Two VCs on Why This Is the Perfect Time to Invest in Crypto
2022 in Review + How Cobie and Chris Burniske Are Playing the New Year
Cobie and Chris Burniske on How to Navigate a Crypto Bear Market
How To Value A Crypto Asset
Nick White, COO at Celestia Labs
Links
Modular vs. monolithic
Alchemy: Modular vs. Monolithic Blockchains
Visa: Monolithic vs. modular blockchain
Chris Burniske’s tweet on modular vs monolithic
“The horrific inefficiencies of monolithic blockchains” by polynya
Blockworks: A spicy salvo launched in the monolithic vs modular debate
Unchained: What Is the Blockchain Trilemma?
Celestia
Celestia’s explanation of modular blockchains
Data availability
Data availability sampling
An introduction to sovereign rollups
Spot Bitcoin ETF:
Unchained:
Why The Spot Bitcoin ETF Is a Big Deal
Deciding on Bitcoin: Should New Investors Jump In Now or Wait for an ETF?
Ledger ConnectKit incident
Unchained: Ledger Library Compromised, Causing Confusion and Panic in Crypto Community
Learn more about your ad choices. Visit megaphone.fm/adchoices
Building Modular Move Networks on Ethereum | Nick White, Rushi Manche & Avery Ching
In today's episode of Empire we explore the current state and future of modular blockchains. With special guests Avery Ching, Rushi Mache, and Nick White, the discussion revolves around the pros and cons of Modular and Monolithic Blockchain Architecture, aptness of execution environments, the importance of scalability, and the standardization and consolidation in the blockchain space. The conversation further dives into the performance and potential of Move Virtual Machine, the struggles of the Ethereum Virtual Machine, and the promise of innovative solutions like Celestia to offer more cost-effective and efficient data availability. We hope you Enjoy!
--
Follow Avery: https://twitter.com/AveryChing
Follow Nick: https://twitter.com/nickwh8te
Follow Rushi: https://twitter.com/rushimanche?lang=en
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Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks.
Use the link below to learn more, and use EMPIRE20 to get 20% off your ticket! Sign up now because the price goes up every month. See you there!
Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home
- -
Timestamps
00:00 Introduction
02:00 The Modular Blockchain Thesis
04:26 MOVE-Based Blockchains
17:33 Is Monolothic Dated?
32:21 DAS London
33:38 Measuring Blockchain Performance & Scalability
43:31 The Future of DEV Activity
52:29 The Killer App
57:07 Will there be a Final Optimal Stack?
01:03:46 DAS London
- -
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
Celestia’s Building the Multi-Chain Universe with Nick White | Alpha Leak
Nick White is the COO of Celestia Labs. Celestia is the first modular blockchain network. If you have no idea what that is, you’re in luck! Celestia wants it to be as easy to deploy blockchains as it is smart contracts.
Nick and David cover all things modular blockchains, the network effect that happens as a result of this multi-chain universe, what the far away distant future might look like, and so much more!
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------ Topics Covered:
0:00 Intro 4:00 What is Celestia 5:30 Types of Blockchains 9:30 How Celestia Modularizes 16:15 Rule Checking 19:40 How Rollups Work 21:10 Different Kinds of Layers 27:31 Prices & Data Availability Sampling 40:00 Celestia’s Blockspace 42:01 Fees & Nodes 45:35 Goals of Celestia 51:43 Celestia Vampire Attack?! 53:20 The Future of Modular Blockchains
------ Resources:
Nick’s Twitter https://twitter.com/nickwh8te
Celestia’s Website https://t.co/oaUV9NvYwH
Celestia’s Twitter https://twitter.com/CelestiaOrg
John Adler Delphi Podcast https://podcasts.apple.com/au/podcast/celestia-the-worlds-first-modular-blockchain-network/id1438148082?i=1000552936346
Celestia’s Discord & Telegram https://discord.com/invite/YsnTPcSfWQ https://t.me/CelestiaCommunity
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
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