On Sunday, John Alder, one of the network’s co-founders, proposed scrapping its Proof of Stake consensus mechanism and replacing it with a new, experimental system called Proof of Governance. Doing so will reduce issuance of Celestia’s TIA token by a factor of 20, maintain the blockchain’s existing security, and do away with the need for complicated liquid staking tokens, he said in a post on the Celestia governance forum.
