Modular Meetup Lagos Quiz

What is Celestia?

• A modular data availability network designed to power, scale, and secure web3 applications.

• 1. It does not offer any unique features or improvements over existing cryptocurrencies.

• A cloud storage platform that uses blockchain technology to secure user data.

• A social media platform built on blockchain technology.

Who is the founder of Celestia?

• Changpeng Zhao

• Su zhu

• Mustafa Al-Bassam

• Richard Teng

What is the main purpose of Celestia?

• To provide a platform for online gaming
• To power, scale, and secure web3 applications
• To offer a new kind of cryptocurrency
• To provide a social media platform

In which year was Celestia founded?

• 2017
• 2018
• 2019
• 2020

What is the main challenge that Celestia seeks to address?

• Lack of anonymity in blockchain transactions.

• High energy consumption of proof-of-work protocols

• Scalability limitations of existing blockchains

• Insufficient decentralization in certain blockchain networks

What is the native token of the Celestia network?

• CEL

• TIA

• CST

• NET

Where can you learn more about Celestia and its technology?

• The official Celestia website (https://celestia.org/)

• Online documentation and tutorials

• Active community forums and social media channels

• All of the above

What key feature distinguishes Celestia from traditional blockchains?

• Modular design separating consensus from execution and data availability

• Sharding technology for parallel transaction processing

• Focus on privacy-preserving cryptography

• Use of a Byzantine Fault Tolerance consensus mechanism

How does Celestia achieve scalable data availability?

• By storing all data on every node in the network

• Through a technique called data availability sampling

• By relying on centralized storage providers

• By limiting the block size to ensure fast download times

What makes Celestia unique?

• Increased emphasis on privacy features for transactions

• Faster consensus mechanism compared to Proof-of-Work

• Modular design separating functionalities like consensus and execution

• 2. Larger block size to accommodate more transactions