Constellation (DAG) is a protocol that features a directed acyclic graph structure, which theoretically allows for limitless scalability in reaching consensus. By utilizing the DAG protocol alongside custom state channels, Constellation is at the forefront of smart contract innovation, enabling the incorporation of data sources into distributed ledger technology (DLT).
The concept was initiated in 2017, with the DAG's development plan kicking off in April 2018. The creators chose to address common blockchain issues like scalability and centralization from a fresh perspective. Constellation is crafted to securely handle large-scale data, facilitating connections to external data sources through user-friendly APIs. Its technology shifts the consensus-building process by employing a serverless architecture.
Who Are the Brains Behind Constellation?
Constellation Labs (CST) was brought to life by five co-founders: Benjamin Jorgensen, Benjamin Diggles, Altif Brown, Mathias Goldmann, and Wyatt Meldman-Floch.
Benjamin J. Jorgensen serves as CEO of Constellation Labs. Before this, he was the founding CEO of Klick Push and is a co-owner of MZ Dining Group (Ittoryu Gozu) and the owner of A5 Meats.
Benjamin Diggles, as the chief revenue officer (CRO), is responsible for interacting with governments and businesses, overseeing consortia programs, and managing Constellation's global partnership strategy. His previous experience includes roles at Oracle, Universal Pictures, and Disney.
Altif Brown is the director of Community. With over a decade of experience in Silicon Valley startups, Altif excels at building expansive digital communities. He has extensive expertise in fostering decentralized cultures and communities, working with his co-founders to develop the Constellation ecosystem and other large-scale economies.
Mathias Goldmann is the chief operations officer (COO). He has past experience with the European Central Bank and PricewaterhouseCoopers and joined Constellation Labs in October 2017 as VP of Finance. Now, as COO, he directs the business operations, crafting policies for Constellation's corporate culture and vision.
Wyatt Meldman-Floch, as the chief technology officer (CTO), created the Constellation protocol from the ground up. His background includes research at NASA Ames Research Center and work with Zignal Labs and Rally Health.
What Sets Constellation Apart?
The mission of Constellation (DAG) is to handle massive data volumes with unparalleled scalability, seamless integration, minimal transaction costs, and robust security. Constellation aims to manage extensive datasets efficiently and securely.
The Constellation protocol addresses one of blockchain technology's longstanding issues: scalability. Its distinctive feature is the ability to scale in line with the number of users and current demands. When someone joins Constellation, the network's bandwidth expands accordingly.
Constellation employs a consensus mechanism known as proof-of-meme (PoM), which rewards and selects nodes based on their reputations.
On Constellation's Network, smart contracts are executed on a Java Virtual Machine (JVM), similar to those on the Ethereum blockchain, but with more complex logic.
In June 2018, Constellation introduced Orion, a platform enabling the community to earn DAG tokens by participating in various events. The community's goal is to consolidate web data into a centralized hub.
The architecture of the Constellation Network includes several components:
* Stars: Basic units for direct interaction between the web and users, compatible with mobile devices. Transactions are conducted through these components.
* Star Cluster: Essential for participating in consensus. Each cluster forms local hash blocks, which undergo processing like regular transactions and are hashed by Galaxies and Black Holes.
* Galaxies: These serve as validators and are isomorphic. They provide resources to Stars and uphold node reputations. Galaxy metadata is gathered in Black Holes, which also store the network's blockchain history.
* Black Holes: These consist of groups of hashed blocks.
In summary, Constellation focuses on validating big data, notarizing large datasets, and ensuring scalable interoperability.
How Many Constellation (DAG) Tokens Are Available?
Constellation (DAG) is the native token of the Constellation Network. As of October 2021, there is a cap of 3.71 billion tokens, with 1.27 billion currently in circulation. The DAG token's ICO concluded on June 15, 2018.
Initially created as an ERC-20 token, DAG facilitates smooth communication between government channels and nodes while connecting various network components.
Moreover, the developers of Constellation have introduced a native crypto wallet called Molly, intended to enhance the user experience.
How Is the Constellation Network Protected?
Constellation (DAG) showcased its security prowess through a 2019 agreement with the U.S. Air Force to automate its big data management. In the summer of 2021, Constellation expanded its services to provide comprehensive security for communications between the U.S. Department of Defense and its commercial partners.
Technologically, Constellation partnered with Kinnami Software to utilize its Hypergraph Transfer Protocol, creating a robust data security product that combines blockchain encryption with distributed data management.
By employing its DAG structure and Proof of Reputable Observation (PRO) consensus, Constellation's Hypergraph can scale through the addition of nodes. The entire system runs automatically via smart contracts that offer microservices using the Java Virtual Machine (JVM) ecosystem.
Where Can You Purchase Constellation (DAG)?
As of October 2021, Constellation (DAG) can be bought, sold, and traded on various cryptocurrency exchanges, including KuCoin, HitBTC, LCX Exchange, and Hotbit.
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