We’re excited to announce that we are henceforth rebranding LazyLedger as Celestia! Names are important. A good name communicates vision and inspires a community to rally behind it. Although LazyLedger is catchy and succinctly captures the minimal nature of our protocol, we wanted a name with more mass appeal.
We’re happy to share that Celestia Labs (incorporated as Strange Loop Labs in Liechtenstein), has closed a $1.5m strategic seed fundraise. Celestia Labs is building Celestia, a pluggable consensus and data availability layer, to enable anyone to quickly deploy a decentralized blockchain without the overhead of bootstrapping a
One of the highlights of this year’s Devcon 5 was optimistic rollups, a new scaling solution that uses the Ethereum base chain for data availability and enforcement of a two-way bridge of assets, with execution happening off-chain on layer two. In addition to allowing for increased throughput and decreased