Constellation (DAG) is a protocol that achieves consensus using a directed acyclic graph architecture with infinite scalability in theory. Constellation is leading the evolution of smart contracts by allowing data sources to be integrated into distributed ledger technology via the DAG protocol and bespoke state channels (DLT).
The company was founded in 2017, and the DAG roadmap was created in April of that year. The founding team opted to reconsider many of the traditional answers to existing blockchain concerns, including scalability and centralization, when designing the project. Constellation is designed to facilitate the secure processing of large amounts of data by allowing users to connect to external datasets via simple APIs.
The Constellation (DAG) protocol aims to address the issue of scalability in the blockchain world. The project’s main distinguishing feature is its ability to scale in accordance to the number of users and current requirements. When a user joins Constellation, the network bandwidth grows in lockstep.
Constellation (DAG) employs the proof-of-meme (PoM) consensus approach, which is built on the idea of rewarding and selecting nodes with strong reputations.
Smart contracts on the Constellation Network run on a Java Virtual Machine (JVM). These contracts function similarly to smart contracts on the Ethereum (ETH) blockchain, although their logic is a little more complicated.
The architecture of the Constellation Network (DAG) is made up of various parts, including:
- Stars: A fundamental component for direct contact between the web and users that are mobile-friendly. This component is where all transactions take place.
- Star Cluster: Required for participation in the consensus. Galaxies and Black Holes hash each Star Cluster’s local hash blocks, which are handled like regular transactions.
- Galaxies: These are validators that are isomorphic. These are devoted resources to Stars and uphold the reputations of nodes. Black Holes collect galaxy metadata, whereas Galaxies store the network’s blockchain history.
- Black Holes: These are hashed, block groups.
Native Token – Constellation (DAG)
Constellation (DAG) is the Constellation Network’s native token. The entire quantity is limited to 3.71 billion tokens, with 1.27 billion in circulation as of October 2021. The initial coin offering (ICO) for the DAG token ended on June 15, 2018.
DAG is an ERC-20 coin that connects numerous network components and allows for easy communication between government channels and nodes.
In addition, the developers of Constellation have released Molly, a native crypto wallet that is aimed to improve user experience.
At the time of writing, DAG is being traded at the price of $0.1995 with an increase of almost 14.21% in the past 24 hours.
