How to Buy Celestia (TIA)

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tia

Tican

$0.00791314*

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Growing up, you were probably told that it is best to break up a large problem into smaller parts. This can make the work seem easier, reduce errors, and provide an overall better experience. Celestia took this idea and applied it to blockchain. Usually, blockchains are entirely connected and operate as one large network. Celestia has created a “modular blockchain” that separates the larger blockchain into smaller parts. Here’s everything you need to know about the project. 

What is Celestia (TIA)?

Most blockchains combine all of their components together. This means that the entire blockchain performs all tasks, such as transaction validation and processing, data storage, settlement, etc. This limits the amount of optimization that can be done, as you have to support all of the functions simultaneously. Celestia challenges this idea of a traditional blockchain by splitting up the different components on a blockchain to allow for each to be optimized and more efficient. 

These separate blockchains are known as “modular blockchains”, as you can combine several in different combinations. In practice, Celesita has several blockchains that serve specific purposes. For example, they have an execution layer, which works on executing transactions. This is distinct from the settlement layer, which only works on settling transactions. 

Another practical use for Celestia is data validation. As blockchains get larger, there is more and more data that must be downloaded in order for validators to access the data. Eventually, the blocks will become so large that it will be infeasible to download the necessary amount of data. To solve this problem, Celestia has created a technology called data availability sampling. Essentially, it allows users to download and verify a portion of each block instead of the entire thing. This increases scalability, as users will not have to download as much data. 

Finally, the use of modular blockchains allows for easier and more efficient experimentation. Experimenters can create new programs and applications on a modular blockchain and then simply use Celestia’s existing blockchains to deploy the project.

Brief History of Celestia (TIA)

Celestia began trading in November 2023 through an Initial Coin Offering (ICO). The ICO raised over $55 million in under 2 weeks. Since the ICO, it has traded well, up nearly 180% at the time of writing. 

In terms of investors, they raised an additional $55 from a combined series A and B round from  Bain Capital Crypto and Polychain Capital. 

How to Buy Celestia (TIA)

Now that you have a basic understanding of Celestia, let’s take a look at where you can buy the token.

Step 1: Open an online account.

To buy TIA, you will first need to open an account with a crypto trading platform. When looking at different platforms, it is important to consider factors such as fees, ease of use, and security. Some of the best brokerages are WeBull, Robinhood, Gemini, and eToro. However, TIA is offered on Coinbase. 

To open an account, go to the brokerages website and sign up with an email address. You will then have to fill out know-you-customer (KYC) information before linking a bank account. With a verified account and linked bank, you are one step closer to purchasing TIA!

Step 2: Buy a wallet (optional). 

Though centralized exchanges offer several security measures to maintain the safety of your assets, you may be looking for an even more secure way to store your funds. Wallets are a great way to add an extra level of security to your assets. While wallets are not needed, they can offer peace of mind. 

Best Hardware Wallet: Ledger Nano S

Ledger is a hardware wallet that supports TIA. A hardware wallet is a physical object that holds the private key to your crypto. Without the physical key, your crypto is inaccessible. This is arguably the most secure way to hold crypto. 

Ledger currently has 2 models: the Ledger Nano S Plus and the Nano X. The Nano S Plus is a bare-bones wallet meant for beginners to safely store crypto. The Nano X is for more advanced users, bolstering bluetooth capabilities and more storage.

Best Software Wallet: Coinbase Wallet

Different from the crypto brokerage, Coinbase Wallet is a wallet service provided by Coinbase. Funds are held in the wallet instead of by Cioinbase themselves. You do not need a Coinbase account in order to have a Coinbase wallet. The wallet supports most of the major blockchains. 

Coinbase wallet is a great option for those looking for more security but do not want the hassle of a physical device. It is also free, whereas most hardware wallets require purchase. 

Step 3: Make your purchase.

To purchase TIA, navigate to the TIA page. THis can be done through the search feature or through a search engine. Once you're there, hit “Trade” and select the amount of TIA to purchase. You can then execute the trade. Your TIA should appear in your portfolio, and you should get a trade confirmation email. 

Trade, Sell or Convert your Celestia (TIA)

To sell your TIA, navigate back to your holding from your portfolio. From there, you can hit the “Sell” button. Select the amount of TIA you would like to trade and execute the transaction. Your TIA will be converted into fiat (USD). You can then send this currency back to your bank account.

To convert your TIA, the process is similar. Find your position and select “Convert”. You can then select the currency you want to convert your TIA to. The full list of currencies you can convert to can be found on CoinMarketCap. You can also sell your TIA and use those funds to buy a different currency.

Current Crypto Prices

2023 has been a strong year for cryptocurrencies. Bitcoin has more than doubled, and other tokens have followed suit. Many investors are feeling more confident in the markets after a rough 2022. In particular, they are looking ahead to early 2024, when Spot Bitcoin ETFs are rumored to go live. 

Is Celestia (TIA) a Good Investment?

Celestia is hoping to simplify the blockchain process for both developers and end users. Though it just released, many are very excited about the prospects of this technology, and this sentiment is reflected in the price. However, we have seen many projects receive hype at the beginning and then fizzle out. We will have to wait and see what will happen with TIA.