Payy Network Adopts Celestia Technologies to Enhance Scalability

Among the latest news within the crypto industry, Payy Network has revealed it will adopt Celestia technologies to improve its scalability.

Crypto payment platform Payy Network has announced a collaboration with Celestia to integrate the latter's modular blockchain architecture into Payy's zk-rollup system. This partnership aims to enhance the data availability and capacity of Payy's network.

Payy Network is building a next-generation stablecoin payment system and aspires to become the first Self Sovereign Bank. By utilizing the zk-validium rollup, where up-to-date transaction data is made available on the blockchain for efficiency, Payy achieves fast and cheap transaction speeds without sacrificing security.

However, zk-validium rollups do encounter some challenges, particularly in the realm of data availability (DA). This is where Celestia's role becomes crucial. Through this integration, Payy aims to safeguard itself and other nodes from being stalled by validators, paving the way for greater scalability and more robust decentralized applications (dApps) on the network.

On the other hand, Celestia offers a unique solution to the blockchain data availability problem, setting it apart from other blockchains. It is modularly structured, where execution, consensus, and data availability are separated to achieve high speed. Recently, Celestia unveiled its roadmap, highlighting its plans to gradually increase block sizes, potentially reaching 1GB, to enhance transactions per second (TPS), surpassing Visa's TPS rate of 24,000. Considering that Payy is designed to support the payment needs of millions of users, this level of scalability will open up new possibilities for applications, such as fully on-chain games and verifiable web apps.

The transition to a decentralized data availability layer will empower the Payy Network to unlock vast opportunities for developers who choose to build on Celestia. Notably, Celestia's technology for sampling data availability enables users to perform an activity using minimal resources through lightweight nodes. This capability will allow the network to handle a massive volume of transactions while maintaining efficiency and high security. Ultimately, users will be able to run their DApps in higher throughput environments than before, enabling them to create more complex and fast-paced applications.

In summary, Payy Network's integration with Celestia marks a significant step forward in the realm of blockchain scalability and decentralized finance (DeFi). Together, the two projects are poised to revolutionize the current possibilities for blockchain-based payments and decentralized applications.

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