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Reading: Price Increase Begins: Celestia (TIA) Announces Ginger Update
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EdaFace Newsfeed > Latest News > Crypto News > Price Increase Begins: Celestia (TIA) Announces Ginger Update
Crypto News

Price Increase Begins: Celestia (TIA) Announces Ginger Update

vitalclick
Last updated: October 25, 2024 2:41 am
4 months ago
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Modular data network Celestia has announced the Ginger update, a significant improvement that will improve network performance. This update, which is planned to come into effect in November 2024, will reduce block times from 12 seconds to 6 seconds. This change will improve the network’s transaction volume and transaction completion times, leading to the development of a more efficient network.

Ginger UpdateTechnical Improvements

Ginger Update

According to the information Celestia shared in its blog post, the Ginger update will double the network’s data availability. In this way, users and developers will be able to perform faster transactions. As part of the update, the transaction size limit was set at 2 MiB and limits were introduced on the number of PayForBlobs (PFB) and non-PFB messages per block. A maximum of 600 PFB and 200 non-PFB messages will be supported in each block.

The Ginger update is expected to be activated in block 2348907. According to the estimated block time, the update should be released in November. The update will be fully released in December for full integration into the Search network after the move to the Mocha testnet. This step paves the way for greater scalability in the future, such as increasing the block size to 8 MB every 6 seconds.

Technical Improvements

The Ginger update will also enable Celestia to start using BBR (Bottleneck Bandwidth and Round-trip propagation time) congestion control by default. This change will increase efficiency in real-world peer-to-peer networks, especially for large data transfers. Additionally, with verified signers of blob types through CIP-21, the transaction verification process will be accelerated and the transaction throughput of the network will be increased.

Following the latest updates and the recently completed $100 million funding round, analysts predict that the TIA price could reach $10 soon. At press time, TIA price is up 6% to $6.06 and remains just below the $6.5 resistance level. This price increase goes hand in hand with the growing optimism with the expected benefits of the update.

The Ginger update is considered as part of Celestia’s goals to improve network performance and reach a wider user base. The strengthened technical infrastructure will increase the attractiveness of the network for both existing users and new developers.

In conclusionCelestia’s Ginger update aims to improve the user experience by significantly increasing the speed and efficiency of the network. The increase in value of the TIA token reflects the positive effects of this innovative step on the market. With more scalability and feature additions in the future, Celestia is expected to gain a strong foothold among modular data networks.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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