Manta Network Becomes the First EVM to Enable Celestia’s Blobstream: In a groundbreaking development, Manta Pacific has partnered with CelestiaOrg to revolutionize the Ethereum ecosystem by utilizing the innovative Blobstream technology. This collaboration aims to address the pressing issues of high gas fees and limited throughput, setting a new standard for Ethereum Virtual Machines (EVMs). By harnessing Blobstream, Manta Pacific is paving the way for a more efficient and trust-minimized environment for Ethereum-based transactions. Let’s explore how this integration is transforming the blockchain space. watch on cozylocal.fi
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Manta Pacific and CelestiaOrg Partnership
Manta Pacific and CelestiaOrg have joined forces in an unprecedented partnership that is set to revolutionize the blockchain industry. This collaboration marks a significant milestone in the utilization of CelestiaOrg’s innovative Blobstream technology, which is poised to redefine the Ethereum Virtual Machines (EVMs) landscape. By harnessing the power of Blobstream, Manta Pacific is leading the way in creating a more efficient and trust-minimized ecosystem for Ethereum-based transactions.
Utilizing Blobstream Technology
The integration of Blobstream technology by Manta Pacific is a groundbreaking development that represents a major departure from the traditional Data Availability Committee (DAC) approach. Unlike DACs, which rely on a select committee of parties and carry inherent centralization risks, Blobstream offers a more decentralized and secure solution. It allows Layer 2 solutions (L2s) direct access to CelestiaOrg’s blobspace, enabling them to operate with enhanced security, lower costs, and higher throughput.
Blobstream functions through a Data Availability contract, acting as a lightweight node within the Ethereum network. This contract cross-verifies signatures from various validators, ensuring the authenticity and security of transactions. Validators found guilty of fraudulent activities face severe penalties, creating a robust mechanism that discourages non-compliant behavior and reinforces the security of Blobstream and the subsequent L2s.
Addressing High Gas Fees and Limited Throughput
Manta Pacific’s strategic collaboration with CelestiaOrg aims to tackle two of the most pressing issues faced by Ethereum users today: high gas fees and limited throughput. By leveraging Blobstream technology, Manta Pacific is paving the way for a more accessible and efficient blockchain environment. This partnership focuses on modular and zero-knowledge technology, providing a solid foundation for future advancements in the industry.
The Blobstream L2 bridge contracts are designed to seamlessly accept roll-up blocks that incorporate blobs relayed by the Blobstream contract. This allows any Ethereum bridge contract to utilize Blobstream without explicit permission, streamlining the process and enhancing interoperability. Additionally, the integration of Celestia’s light node technology empowers L2 nodes to submit and query blobs, further enhancing the efficiency and scalability of the system.
With Blobstream’s robust features and roadmap, the future looks promising for Ethereum users. The technology enables proof of data inclusion, ensuring the validity of transactions and providing a secure foundation for the Ethereum network. As Blobstream continues to evolve and gain traction, it is poised to play a pivotal role in shaping the future of blockchain technology.
Blobstream: A Revolutionary Data Availability Solution
Blobstream is a cutting-edge data availability solution that is poised to revolutionize the blockchain industry. Developed by CelestiaOrg, Blobstream offers a groundbreaking approach to enhancing the efficiency and security of Ethereum-based transactions. By providing direct access to Celestia’s blobspace, Blobstream enables a more streamlined and trust-minimized ecosystem for Ethereum Virtual Machines (EVMs).
Advantages over Traditional Data Availability Committee (DAC) Approach
Blobstream represents a significant leap forward from the traditional Data Availability Committee (DAC) approach. While DACs have been effective in mitigating the high costs associated with calldata, they come with inherent risks of centralization and collusion. In contrast, Blobstream offers a more decentralized and secure solution by eliminating the need for a select committee of parties. This ensures that the transaction verification process is more transparent, efficient, and resistant to fraudulent activities.
Optimizing Transaction Verification Process
One of the standout features of Blobstream is its ability to optimize the transaction verification process on the Ethereum network. By acting as a lightweight node within the network, Blobstream cross-verifies the Electronic Signature Algorithm (ECDSA) signatures from various validators. This ensures the authenticity and security of transactions, providing users with a higher level of confidence in the integrity of the system. Additionally, Blobstream operates under a strict cryptographic protocol, requiring a substantial majority of validators to sign off on transactions, further enhancing the security and trustworthiness of the system.
Measures Against Non-Compliant Actors
Blobstream incorporates robust measures to deter and penalize non-compliant actors within the Ethereum network. Validators found guilty of withholding data or generating invalid blocks face severe penalties, creating a strong deterrent against fraudulent activities. This mechanism not only safeguards the integrity of Blobstream but also reinforces the security of Layer 2 solutions (L2s) that rely on Celestia’s data availability solutions. By holding validators accountable and promoting a crypto-economic backbone, Blobstream ensures a more secure and trustworthy environment for Ethereum-based transactions.
Features and Roadmap of Blobstream
Blobstream offers a range of powerful features that are set to transform the blockchain landscape. With a clear roadmap for future development, Blobstream is poised to drive innovation and efficiency in Ethereum-based transactions.
L2 Bridge Contracts and Roll-up Blocks
Blobstream’s L2 bridge contracts are designed to seamlessly integrate with roll-up blocks, incorporating blobs relayed by the Blobstream contract. This streamlined process allows Ethereum bridge contracts to utilize Blobstream without requiring explicit permission. By facilitating interoperability and enhancing efficiency, Blobstream paves the way for a more seamless and scalable blockchain ecosystem.
Establishing Proof of Data Inclusion
Ensuring the validity of data is crucial in maintaining the integrity of the Ethereum network. Blobstream provides a robust mechanism for establishing proof of data inclusion. This verification process occurs by confirming the inclusion proof within the Zero-Knowledge (ZK) proof submitted to Ethereum. By implementing this rigorous validation process, Blobstream enhances the security and trustworthiness of Ethereum-based transactions.
Validation Process and Consensus in Celestia
Blobstream operates within Celestia’s ecosystem, leveraging the consensus mechanism to validate transactions. The validation process involves verifying ECDSA signatures provided by Celestia validators within the Ethereum contract. This validation occurs in batches, typically encompassing around 400 blocks, ensuring the authenticity and security of the transactions. By relying on a consensus-based approach, Blobstream establishes a robust and trustworthy foundation for Ethereum-based transactions.
Current Status on the Goerli Testnet
Blobstream is currently active on the Goerli testnet, where it is undergoing rigorous testing and refinement. This testnet environment allows developers and users to experience the capabilities of Blobstream firsthand and provide valuable feedback for further improvements. As Blobstream continues to evolve and gain traction, it is expected to make a significant impact on the Ethereum network, driving efficiency, security, and scalability.
Manta Pacific has partnered with CelestiaOrg to utilize Blobstream technology, revolutionizing Ethereum Virtual Machines (EVMs). This collaboration aims to address high gas fees and limited throughput in Ethereum transactions. Blobstream, Celestia’s data availability solution, offers a more efficient and trust-minimized ecosystem for EVMs. Unlike traditional Data Availability Committees (DACs), Blobstream optimizes transaction verification without relying on a select committee, reducing centralization risks. It provides enhanced security, lower costs, and higher throughput for Layer 2 solutions. Blobstream’s robust features include measures against non-compliant actors and a cryptographic protocol for transaction authenticity and security. Manta Pacific’s integration of Blobstream demonstrates their commitment to a more accessible and secure blockchain environment. This partnership focuses on modular and zero-knowledge technology. The Blobstream L2 bridge contracts seamlessly incorporate blobs relayed by the Blobstream contract, and off-chain L2 nodes can submit and query blobs from Celestia. Blobstream is currently active on the Goerli testnet, confirming consensus through ECDSA signatures provided by Celestia validators. This groundbreaking development sets a new standard for Ethereum-based transactions.