UNCHAINED: Why EigenLayer Gave Away More Tokens After Widespread Criticism of Its Stakedrop

CoinDesk Podcast Network

Celestia’s co-founder and its COO talk about how their modular blockchain makes it easier for blockchains to scale.

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 LazyLedger ended up becoming Celestia
• Nick’s vision for modular blockchains
• Why Mustafa believes in the “10,000 rollup” 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 rollup 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 rollups
• 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 tMonolithic vs. modular blockchain | Visaweet 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

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Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.

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