Bittime - Significant development comes from Celestia , a modular blockchain network. Celestia's data proof bridge, Blobstream, has been officially launched on Base mainnet. This good news was announced through its official account on the X platform.
Blobstream: Bridging L2 and L3 to Celestia
Source: @celestiaorg/X
Developed by Succinct Labs, Blobstream functions as a unidirectional data attestation bridge. This bridge enables Ethereum Layer 2 (L2) and Layer 3 (L3) solutions to leverage Celestia's capabilities for modular data verification.
Check Today's Crypto Market:
| BTC/IDR | SOL/IDR |
| ETH/IDR | USDT/IDR |
| DOGE/IDR | ARB/IDR |
How Blobstream Works
Blobstream uses two main cryptographic mechanisms:
- Digital Asset Proof (DA): This proof mathematically indicates the existence of certain data within a Celestia block without disclosing the data itself.
- Merkle Root: It is a concise representation of large data sets that allows efficient verification of data integrity.
In essence, Blobstream uses the Merkle root of grouped Celestia block data to cryptographically prove the existence of rollup data in Celestia . This allows L2 and L3 solutions to move data storage to Celestia while maintaining security guarantees on the Ethereum mainnet.
Also Read How to Buy Crypto:
Benefits of Blobstream
Blobstream offers several advantages for L2 and L3 solutions built on Ethereum:
- Scalability: By moving data storage to Celestia, L2 and L3 solutions can potentially achieve greater scalability and reduce transaction costs on the Ethereum mainnet.
- Security: Celestia's secure consensus mechanism ensures the integrity of data stored on the network.
The Way Forward for Modular Blockchain
The launch of Blobstream marks an important step forward for Celestia in its vision of a modular blockchain architecture. This technology has the potential to significantly improve the scalability of Ethereum and other blockchain ecosystems.
Check Crypto Prices Today:
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Ethereum Blobs Can Now Be Used to Create Digital "Inscriptions", Similar to Bitcoin Ordinals
XRP Ready to Surge? Analyst Predicts $1.2 Level with Bitcoin Support and Technical Momentum
Investing with RWA (Real World Assets): A New Concept in the Blockchain World
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.