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Celestia Announces Lemongrass Upgrade, Bringing 1-Click Tia Interactions With IBC Chains and Interchain Accounts

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2024-08-09 21:44:26603browse

In a tweet, Celestia announced its first major upgrade, Lemongrass, which is expected to include various upgrades and new capabilities for the network.

Celestia Announces Lemongrass Upgrade, Bringing 1-Click Tia Interactions With IBC Chains and Interchain Accounts

Celestia has announced the upcoming launch of its first major network upgrade, code-named Lemongrass, which will include several critical features and new capabilities. The upgrade was designed and coordinated in close consultation with the community.

One of the most prominent features of the Lemongrass upgrade is the addition of 1-click Tia interactions with other IBC chains and Interchain accounts. This feature will make it significantly easier for users to interact with other blockchain networks and perform various operations, such as transferring assets or deploying smart contracts.

In addition to 1-click Tia interactions, the Lemongrass upgrade will also introduce a new method of upgrading the network, making future updates more manageable and efficient.

Critical Features and Community-Driven Rollout of the Lemongrass Upgrade

The Lemongrass upgrade will bring several critical features to the network, including CIP-6 (price enforcement), CIP-9 (Packet Forward Middleware), and CIP-10 (coordinated upgrades).

Furthermore, CIP-14 will introduce Interchain accounts, which will strengthen the network’s interoperability with other blockchain networks. Another important feature of this upgrade is CIP-20, which will disable the previous Blobstream module, resulting in a dramatic change in how the network runs.

To activate Lemongrass, Celestia-App v2.0.0 will be released in August on the Arabica Devnet. After the successful activation and testing of the Arabica Devnet, the Mocha Testnet will also be upgraded, with full community collaboration to enable a seamless transfer.

Finally, based on the success of the preceding phases, the Celestia Mainnet Beta is expected to launch its own version of Lemongrass around early to mid-September. Lemongrass’s activation on the Mainnet Beta will be a community-coordinated endeavor, like with the preceding stages.

Meanwhile, Celestia’s native token, TIA, has surged by 20.94% over the last 24 hours to $5.60. This substantial surge has pushed TIA into the top three gainers on CoinMarketCap, with its daily trading volume increasing by 65.70% to $136.95 million.

Given the recent favorable views expressed by numerous analysts, this jump is unsurprising. Earlier this week, CNF reported that Cryptollica, a well-known analyst and trader, voiced optimism in Celestia, highlighting critical technical levels. The analyst identified the $7.367 level as a major resistance point that must be broken for TIA to retain its bullish pattern.

Moreover, another well-known analyst has spotted possible rally prospects for TIA. The analyst suggests that the adoption of Ethereum ETFs will serve as a stimulus for altcoin price hikes, including TIA, a new project that was listed at the end of 2023.

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