Celestia's Ginger update to cut block time to 6 seconds
Celestia (CRYPTO:TIA), a modular data network, has announced the upcoming Ginger update, aimed at significantly enhancing network performance.
Set for implementation in November 2024, the Ginger update will reduce block times from 12 seconds to 6 seconds, effectively doubling the network’s data accessibility.
This improvement is expected to boost transaction volume and completion times, leading to a more efficient and responsive network.
According to Celestia’s blog, the Ginger update introduces technical upgrades, including setting a 2 MiB limit on transaction size and capping the number of PayForBlobs (PFB) messages at 600 and non-PFB messages at 200 per block.
The update will be activated at block 2348907, with the network transitioning to the Mocha testnet before full integration into the main network in December.
This step is part of a broader strategy to enhance scalability, with the potential for increasing block size to 8 MB every 6 seconds in future updates.
Additionally, the update will implement BBR (Bottleneck Bandwidth and Round-trip propagation time) congestion control as the default, improving efficiency in peer-to-peer data transmissions.
The transaction validation process will also be accelerated, increasing the network’s overall capacity.
The announcement of the Ginger update follows Celestia’s recent funding round, which raised $100 million.
Optimism (CRYPTO:OP) surrounding the update has influenced the market, with the TIA token price increasing by 6% to $6.06, just below a resistance level of $6.5.
Predictions indicate that the price could reach $10 as the network’s upgrades are fully realised.
Celestia’s Ginger update is seen as a pivotal move to strengthen the network’s technical infrastructure and expand its appeal to developers and users.
The update’s focus on reducing block times and enhancing transaction capabilities aligns with the network’s goals of scalability and efficiency, setting the stage for further growth and innovation.
At the time of reporting, the Celestia price was $6.04.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise Says "Key to ETFs Will Be New SEC Chair", Says Surprise Altcoin Could Get Approval Easier Than Solana and XRP
Bitwise Chief Compliance Officer (CCO) Katherine Dowling said that the Dogecoin ETF has an advantage over Solana and XRP.
Partnership Offer from Surprise Altcoin to Elon Musk!
Hedera (HBAR) has announced that it wants to integrate its blockchain with DOGE.
Important Statements About Interest Rates Came From Senior FED Governor Barkin! "Are Interest Rate Cuts Over or Will They Continue?"
Richmond Fed President Thomas Barkin said the Fed is still leaning toward lowering interest rates this year.
Why is AI + Crypto an inevitable choice for a market turning point?
Despite the current rampant disorderly speedruns and insider issuance methods, which have triggered ongoing instability in the AI Agent on-chain market (PVP), its core remains unchanged: transparent, user-centric, and traceable.