Connect with us

Hi, what are you looking for?

Crypto News

Celestia Unveils Ginger Network Upgrade, TIA Price Rallies 6%

Celestia, a modular data network, has announced its upcoming Ginger upgrade, a key network enhancement that will improve transaction speed and finality times. The Ginger upgrade, set to go live in November 2024, will reduce block times from 12 seconds to 6 seconds. This will enable the network to process transactions more efficiently. 

Celestia Rolls Out Ginger Upgrade: TIA Price Jumps 6%, What’s Next?

In a recent blog post, Celestia unveiled details about the Ginger upgrade, which will bring notable improvements to the network’s performance. The upgrade will double the network’s data availability throughput by reducing block times from 12 seconds to 6 seconds. This change will enable faster transaction processing and finality, making the network more efficient for users and developers.

Moreover, the Ginger upgrade will introduce new features such as a transaction size limit of 2 MiB and limits on the number of PayForBlobs (PFB) and non-PFB messages per block. Specifically, each block will support up to 600 PFB and 200 non-PFB messages. 

Additionally, Celestia will activate this upgrade at Arabica height 2348907, expected in November 2024. It will transition to the public Mocha testnet before being fully integrated into the mainnet in December. The upgrade sets the stage for further scalability, with community governance potentially increasing the block size to 8 MB every 6 seconds in the future.

Technical Enhancements and Future Potential

The Ginger upgrade also introduces Celestia’s shift to a default use of BBR (Bottleneck Bandwidth and Round-trip propagation time) congestion control. This adjustment will boost throughput in real-world peer-to-peer networks, especially when sending large amounts of data. 

In addition to these changes, the upgrade will streamline transaction validation for rollups through CIP-21, which introduces blob types with verified signers. This further reduces processing time and improves network throughput.

Following the increased network upgrades and the recent $100 million funding round, Analysts foresee TIA price prediction could reach $10 soon.

At press time TIA Price saw a 6% increase, rising to $6.06, just below its $6.5 resistance. This price surge coincides with growing optimism following the anticipated benefits of the upgrade. The token’s value remains 60% above its lowest level this year, reflecting the network’s continued resilience.

The post Celestia Unveils Ginger Network Upgrade, TIA Price Rallies 6% appeared first on CoinGape.

You May Also Like

World News

US Secretary of State Marco Rubio will discuss the possibility of deporting suspected Tren de Aragua gang members to El Salvador in an upcoming...

Science&Tech News

Consumer rights group Which? is suing Apple for £3bn over the way it deploys the iCloud. If the lawsuit succeeds, around 40 million Apple...

Science&Tech News

Battle lines have been drawn between the almost 200 countries meeting in Azerbaijan as they seek to agree a new pot of money to...

Crypto News

The Bank of Russia has issued a directive for financial institutions to prepare for the integration of the digital ruble. The move aims to...