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About Constellation
- Constellation (DAG) is a protocol that uses a directed acyclic graph architecture to achieve infinite scalability.
- Launched in 2017, with a roadmap dating back to April 2018.
- Founders: Benjamin Jorgensen, Benjamin Diggles, Mathias Goldmann, and Wyatt Meldman-Floch.
What Makes Constellation Unique?
- Aims to process big data with maximum scalability, easy integration, low transaction fees, and high security.
- Uses a consensus model called proof-of-meme (PoM), which rewards and selects nodes with good reputations.
About Constellation Network
Introducing Constellation (DAG): A Revolutionary Blockchain Solution
Constellation (DAG) is a pioneering protocol that leverages a directed acyclic graph architecture to achieve a consensus mechanism theoretically capable of infinite scalability. By harnessing the power of its DAG protocol and custom state channels, Constellation is revolutionizing the smart contract landscape, seamlessly integrating diverse data sources into distributed ledger technology (DLT).
Founded in 2017, the company’s DAG roadmap was established in April 2018. During the project’s development, the founding team opted to challenge conventional solutions to prevalent issues plaguing existing blockchains, namely scalability and centralization. Constellation is engineered to facilitate the secure processing of vast amounts of data, providing seamless connectivity to external datasets through user-friendly APIs. This innovative technology is made possible by a paradigm shift in consensus-building principles, leveraging a serverless architecture.
The Visionary Founders Behind Constellation
Constellation Labs (CST) was co-founded by a quartet of visionaries: Benjamin Jorgensen, Benjamin Diggles, Mathias Goldmann, and Wyatt Meldman-Floch.
Benjamin J. Jorgensen, a seasoned entrepreneur, currently serves as CEO at Constellation Labs. Prior to this role, he founded Klick Push, where he held the position of CEO. Additionally, he is a co-owner of MZ Dining Group, which operates Ittoryu Gozu, and the sole owner of A5 Meats.
Benjamin Diggles, Chief Revenue Officer (CRO) at Constellation, spearheads the organization’s liaison efforts with governments and enterprises, while also overseeing consortia programs and the execution of Constellation’s global partnership strategy. Prior to his tenure at Constellation Labs, Diggles held positions at Oracle, Universal Pictures, and Disney.
Mathias Goldmann, a seasoned executive, serves as Chief Operations Officer (COO) at Constellation. With a distinguished background that includes stints at the European Central Bank and PricewaterhouseCoopers, Goldmann joined Constellation Labs in October 2017 as VP of Finance. In his current role as COO, he is responsible for spearheading the development and implementation of business operations, while also shaping the company’s corporate culture and vision.
Wyatt Meldman-Floch, a visionary technologist, serves as the chief technology officer (CTO) at Constellation, where he spearheaded the development of the Constellation protocol from its inception. Prior to this, Meldman-Floch had a stint as an intern and researcher at the esteemed NASA Ames Research Center, and has also held positions at prominent companies such as Zignal Labs and Rally Health.
Unveiling the Unparalleled Qualities of Constellation
Constellation (DAG) is driven by a mission to harness the power of big data, leveraging unparalleled scalability, seamless integration, minimal transaction fees, and robust security measures. By doing so, Constellation strives to efficiently process vast datasets with utmost security and cost-effectiveness.
The Constellation protocol endeavours to overcome the perennial challenge of scalability in the blockchain ecosystem. The project’s distinctive feature lies in its ability to scale in tandem with the growing number of users and prevailing demands. Notably, whenever a user joins the Constellation network, the bandwidth expands in direct proportion, thereby fostering a seamless and efficient experience.
Constellation employs a novel consensus model, dubbed proof-of-meme (PoM), which operates on the principle of incentivizing and selecting nodes based on their reputation, thereby fostering a trustworthy network.
On the Constellation Network, smart contracts are executed on a Java Virtual Machine (JVM), where they fulfill a similar role to their Ethereum (ETH) blockchain counterparts, albeit with more intricate logic.
In June 2018, the visionary founders of Constellation unveiled Orion, a pioneering platform that empowers the community to earn DAG tokens by actively participating in a diverse range of Constellation events. The overarching objective of the community is to aggregate and consolidate disparate information and content from the web into a unified, centralized hub.
The Constellation Network’s architecture is comprised of a multifaceted framework, incorporating several key components, namely:
- Stars. A fundamental interface facilitating seamless interaction between the web and users, optimized for mobile devices. This component enables the execution of all transactions.
- Star Cluster. A requisite for participating in the consensus mechanism. Each Star Cluster generates local hash blocks, which are processed and validated akin to ordinary transactions, and subsequently hashed by Galaxies and Black Holes.
- Galaxies. Isomorphic in nature, these entities function as validators, dedicating resources to Stars while maintaining the reputations of nodes. The metadata of Galaxies is aggregated in Black Holes, and the network’s blockchain history is chronologically recorded in Galaxies.
- Black Holes. These constitute aggregated groups of hashed blocks.
In summary, Constellation’s core attributes lie in its capabilities for validating and notarizing large datasets, as well as facilitating seamless and scalable interoperability.
The Circulating Supply of Constellation (DAG) Coins: An Overview
Constellation (DAG) serves as the native token of the Constellation Network. As of October 2021, the total token supply is capped at 3.71 billion, with 1.27 billion currently in circulation. The DAG token’s initial coin offering (ICO) concluded on June 15, 2018.
DAG was conceived as an ERC-20 token, facilitating effortless communication between government channels and nodes, while seamlessly integrating multiple network components.
Furthermore, the developers at Constellation have introduced Molly, a native cryptocurrency wallet meticulously crafted to elevate the user experience.
The Security Paradigm of the Constellation Network
In a resounding endorsement of its security credentials, Constellation (DAG) forged a landmark partnership with the U.S. Air Force in the summer of 2019, tasked with automating the latter’s complex big data management. Building on this success, Constellation further solidified its position in the summer of 2021, securing a mandate to provide comprehensive, end-to-end security for communications between the U.S. Department of Defense and its commercial partners.
In terms of technology, Constellation collaborated with Kinnami Software to harness the power of its Hypergraph Transfer Protocol, thereby creating a robust data security product that leverages blockchain encryption and distributed data management, ensuring unparalleled data protection.
Constellation’s Hypergraph is engineered to scale seamlessly by incorporating additional nodes into its network, leveraging its innovative Directed Acyclic Graph (DAG) architecture and the robust Proof of Reputable Observation (PRO) consensus mechanism. Furthermore, the platform’s operational efficiency is ensured by automated smart contracts, which provide microservices that seamlessly integrate with the existing codebase within the JVM ecosystem.
Acquiring Constellation (DAG): A Comprehensive Guide to Exchanges and Marketplaces
As of October 2021, Constellation (DAG) has been listed on multiple prominent cryptocurrency exchanges, including KuCoin, HitBTC, LCX Exchange, and Hotbit, where it is available for purchase, sale, and trade.
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