Celestia co-founder Nick White: Modular stacks enable developers to reuse components, representing a paradigm shift for the existing blockchain technology.
On September 11th, Nick White, co-founder of Celestia, spoke at the "Build For Miracle" summit hosted jointly by Metastone and BlockBeats. During the roundtable discussion on "Whether Modularity is the Infrastructure for Building the Next Generation of Public Chains", he stated:
"Modular blockchain is a paradigm shift from integration to modularity, where an integrated blockchain completes all work in a protocol and a set of nodes. Specifically, there are three core components that I believe every blockchain must fulfill: consensus, which is the ordering of transactions and blocks so that everyone knows what happened; data availability, which requires that block and transaction data become public information so that anyone can view it; and execution, which is where transactions are actually verified and executed. This is where smart contracts and applications reside.
These are the three core functions or layers of blockchain. In an integrated blockchain, a single protocol completes all of this work, but when you bundle these functions together, you end up with a less flexible and less scalable system. Therefore, in the modularity paradigm, these functions are split into different functions and layers, with each layer focusing on its own function. For example, Celestia focuses on data availability, while Fuel focuses on execution. There are also other components, such as Radius, which is a protocol specifically for sharing ordering. The modular stack allows you to reuse components without having to reinvent the wheel. It's like a collaborative ecosystem for this protocol that can interact. Developers can use any part of the puzzle that makes sense to them."
- Summit time: September 11th, 9:30-22:00
- Summit location: PARKROYAL COLLECTION Marina Bay Singapore
6 Raffles Boulevard
039594
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