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Celestia unveils roadmap to 1-gigabyte blocks

The roadmap comes amid fierce competition in data availability among rivals such as EigenDA and Avail.

Celestia, a layer-1 data availability network, unveiled a technical roadmap charting a path to scaling block size to 1 gigabyte, according to a Sept. 5 blog post.

The roadmap’s core objective is to “relentlessly scale to 1-gigabyte blocks, bringing a massive increase in data throughput to Celestia’s rollup ecosystem,” Celestia said. Blocks are bundles of transaction data grouped together on blockchain.

Celestia’s focus on block size reflects an industrywide push to enhance the scalability of blockchain networks by lowering transaction costs and more efficiently storing and retrieving data. Celestia competes with protocols such as EigenDA and Avail, as well as mainnet Ethereum.

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Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender

New Native Token for Web3 Infrastructure Project Surges by 38% This Week, Defying Wider Crypto Market Slump

New Native Token for Web3 Infrastructure Project Surges by 38% This Week, Defying Wider Crypto Market Slump

The newly launched native token for a Web3 infrastructure project skyrocketed by 38% this week despite the wider crypto market downtick. AVAIL, the utility token for the Avail ecosystem, is trading at $0.151, up from $0.109 seven days ago. The 190th-ranked crypto asset by market cap is also up more than 3% in the past […]

The post New Native Token for Web3 Infrastructure Project Surges by 38% This Week, Defying Wider Crypto Market Slump appeared first on The Daily Hodl.

Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender

Avail secures $43M in Series A for Web3 unification

Avail, led by a Polygon co-founder, raises $75 million to tackle Web3 challenges like fragmentation and data availability.

Modular blockchain base layer Avail has secured $75 million through several investment rounds, as venture capitalists recognize the need to address data availability issues across blockchains.

On June 4, Avail closed $43 million in a heavily oversubscribed Series A round, adding to its existing corpus of $32 million from previous pre-seed and seed rounds. Anurag Arjun, co-founder of Avail, plans to continue directing the funds to build the permissionless unification layer for Web3.

Avail is headed by Arjun, a co-founder of Polygon, who aims to address three major challenges within the Web3 ecosystem: blockchain fragmentation, insufficient data availability (DA) and limited scalability.

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Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender

Blockchain data-availability protocol Avail announces 600M token airdrop

The airdrop was announced one year after Avail was spun-off by Polygon Labs.

Avail, a Web3 infrastructure layer built using Polygon’s software development kit, will be airdropping 600 million of its native token AVAIL to users.

"The Unification Drop is a unifying force bringing different communities together, rewarding developers, governance contributors, technical educators, rollup users, stakers, and other valuable contributors from across multiple blockchain communities,” Avail said in an April 18 statement

Founded in 2020, Avail consists of three segments: Nexus, Fusion, and DA. Avail DA improves base-layer transactions further by scaling rollups via methods such as KZG commitments and data availability sampling. 

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Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender

Polygon spinoff launches testnet bridge to allow for low-cost layer 2s

Avail launched a bridge to transmit data availability attestations to Ethereum, potentially allowing for lower fees on some layer 2s.

Blockchain network Avail has launched a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer 2s that do not store full transaction data on Ethereum, the announcement stated.

Avail was originally created by Polygon Labs, but was spun off as an independent project in March. Polygon’s co-founder, Anurag Arjun, is also the founder of Avail.

Avail Block Explorer. Source: Avail.tools

Layer-2 rollup networks like Optimism, Arbitrum, Polygon zkEVM, and zkSync Era lower transaction fees by batching transactions into compressed “rollups” and periodically adding them to the base layer. However, because these networks must write all the transactions to the base layer, they often have higher transaction fees than layer-1 competitors.

To get around this problem, some networks have opted to write only the validation proofs of each transaction to the base layer, while storing the full transaction data off-chain. This produces a type of network called a “validium.” For example, StarkEx features a validium mode that stores data with a data availability committee (DAC) instead of on Ethereum. Polygon proof-of-stake may become a validium that stores its data on a proof-of-stake chain in 2024.

Related: Starknet’s Quantum Leap hits testnet with TPS reaching ‘triple figures’

According to the announcement, the new bridge allows developers to create custom validiums quickly and easily by storing their transaction data on the Avail network, eliminating the need to create their own DAC or proof-of-stake data availability network. When a user tries to withdraw cryptocurrency from layer 2 back to the base layer of Ethereum, the Avail bridge will transmit an attestation that the data is available on Avail, allowing the withdrawal to occur.

“Today’s launch of the Data Availability attestation bridge marks a major advancement in our mission to optimize blockchain scalability and efficiency,” said Arjun. “By enabling rollup constructions to run in validium, optimistic chains, and volition modes, we are not only reducing costs but also paving the way for a more inclusive and efficient layer-2 and layer-3 ecosystem.”

Arjun previously told Cointelegraph that data availability solutions would become essential to the Web3 space as zero-knowledge proof rollups are more widely used.

Lightchain Presale Skyrockets, Setting New Standards as the Next Ethereum Contender