Is Celestia (TIA) Halal or Haram?
Shariah compliance review of Celestia (TIA) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Celestia is a modular data availability network. It simplifies the process of launching blockchains, making blockchain technology more accessible and user-friendly. Unlike traditional blockchains that handle multiple functions, Celestia specializes in specific roles, which leads to enhanced scalability, flexibility, and interoperability. This specialization enables developers to create blockchain applications for mass adoption. Sharlife.my Shariah Analisys: As of now, the projects run by Celestia appear to be in accordance with Shariah principles.
Staking verdict: Questionable
Permissibility of staking is questionable, because it is a layer 1 blockchain, with various dApps running their applications on the blockchain, including DEFI, Lending and Borrowing, Gambling, etc, hence impermissible transactions might get recorder in L1 blocks, thus benefiting validators with commissions. It is better to avoid staking this protocols until we receive final fatwas from high rank scholars.
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