Celestia is a modular data availability network that securely scales with the number of users, making it easy for anyone to launch their own blockchain. Celestia is a minimal blockchain that only orders and publishes transactions but does not execute them. By decoupling the consensus and application execution layers, Celestia modularizes the blockchain technology stack and unlocks new possibilities for decentralized application builders.
What is Celestia?
Celestia is the first modular blockchain network that securely scales with the number of users, making it easy for anyone to launch their own blockchain. Celestia scales by decoupling execution from consensus and introducing a new primitive, data availability sampling.
Data availability refers to the ability of a network’s nodes to verify the transaction data. If the node can download all the transaction data, then it successfully verifies data availability, proving that the block data was actually published to the network. Data availability is critical to the security of any blockchain because it ensures that anyone can inspect the ledger of transactions and verify it.
Celestia’s native asset is TIA. As a permissionless network built with Cosmos SDK, TIA can be used by developers to submit PayForBlobs transactions on the network for a fee, proof-of-stake to secure its own consensus and allows the community to vote in governance proposals such as network parameters changes.
In this staking guide, we’ll be using the Kepler Wallet browser extension. Transfer some funds to your wallet and then head over to https://wallet.keplr.app/chains/celestia
Currently, TIA is available on major Exchanges like Binance, Coinbase, Kraken, and the Osmosis DEX.
Select your desired validator and click on “Stake”. Enter the amount you wish to stake and select “Stake” again. Approve the transaction and you have now successfully staked your tokens and will start accruing rewards.
As you can see above, staking will lock your funds for 21 days, and in the unbounding process, you will not be receiving rewards. You can use the “Redelegate” option if you wish to change the validator, the process is instant and doesn’t require any waiting period.
The moment you have staked your TIA tokens you will start accruing rewards. These can be verified in the Kepler wallet and/or the Kepler wallet extension. You will need to claim your rewards for redelegation to increase your staking size or for other purposes.
If you have any questions, looking for alternatives to delegate, or just want to chat, you can contact us on the following channels: