Oday Announced Its Participation In Celestia Lab 39s Seriesb Funding Round Is The First Modular Blockchain Network News Today : Breaking News, Live Updates & Top Stories | Vimarsana

HONG KONG, Oct. 16, 2023 /PRNewswire/ OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced its participation in Celestia Lab's Series B funding round. Celestia is the first modular blockchain network, meaning developers can use Celestia as a base layer for consensus and data functions, and then choose a virtual machine, such as Ethereum, Solana, zero-knowledge roll-ups or any other compatible smart contract execution layers, to build and deploy their own new blockchain. This contrasts with previous generations of blockchain infrastructure, in which Layer-1 chains perform consensus, data functions and execution altogether - a structure Celestia calls 'monolithic.' Celestia is also expected to be the first blockchain network to use Data Availability Sampling (DAS) when it goes live later this year. DAS is a lighter, faster way to verify blocks without requiring nodes to download all the data in a block. By allowing nod ....

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