The upcoming Celestia network upgrade promises a significant increase in performance and security.
Celestia (TIA), the layer-1 data platform, is about to undergo a major upgrade called Ginger. This upgrade, scheduled for November 5, will bring with it a number of significant improvements. Included is a significant increase in network performance and security.
As for the price of TIA, the cryptocurrency has consolidated support at $4.16 since July / TradingView
Performance Boost with Ginger
One of the main features of the Ginger upgrade is “The Doubling,” which will double the performance of the Celestia network. This will be achieved by reducing the block time from 12 seconds to 6 seconds, allowing for more transactions to be processed per second. Additionally, the maximum block capacity is expected to increase to 8 MB per second, allowing for greater scalability and efficiency.
Security and Reliability Improvements
Along with the performance boost, Ginger will also introduce several security and reliability improvements. These include:
BBR by default: The implementation of BBR (BBR Congestion Control) will improve network efficiency and reduce congestion.
Verified-signature blobs: Blobs will now include the signer’s address, allowing for more efficient and secure verification.
Versioned gas scheduling variables: This improvement will allow for greater stability and predictability in transaction costs.
Versioning timeouts: Block timeouts can be adjusted through software updates, allowing for greater flexibility and optimization.
Implications for the future of Celestia
The Ginger upgrade is an important step in the development of Celestia as a scalable and secure layer-1 data platform. By increasing performance and security, Celestia is positioned as a promising solution to the scalability challenges faced by layer-1 blockchains.
With the introduction of BBR and other improvements, Celestia is poised to handle significantly higher transaction volume and deliver a faster and more efficient user experience. As the network continues to evolve, it is expected to attract more developers and users, cementing its position as a leading platform in the blockchain ecosystem.
The price of TIA
As for the price of TIA, the cryptocurrency has consolidated support at $4.16 since July. Although the overall trend remains bearish, the increased trading volume suggests a possible accumulation in this price zone. However, the fact that TIA remains below the 200-day moving average indicates a long-term bearish trend.
Despite the technical improvements that the Ginger upgrade will bring, the price of CEL will largely depend on factors such as platform adoption, overall cryptocurrency market performance, and investor sentiment.
The Ginger upgrade represents a major milestone in the development of Celestia. With significant improvements in performance, security, and scalability, Celestia is well positioned to become a leading platform in the blockchain ecosystem. However, it is important to note that the cryptocurrency market is volatile and the price of CEL may experience significant fluctuations.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies involves high risk and may result in the total loss of your investment. Please consult a financial professional before making any investment decisions.
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