Constellation is currently trading at $0.0498, after a price change of -3.41% in the last 24 hours.
Ranked as cryptocurrency #301 by capitalization today, DAG market cap is valued at $63,166,469. DAG trading volume reached $677,012 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on DAG coin price prediction page.
What is Constellation?
Constellation is a microservice network that supports big data applications through various consensus layers. The platform is secured through the proof-of-meme consensus algorithm. Constellation uses a scalable blockchain system called the Extended Trust Chain that features a peer-to-peer layer, the gossip protocol, supported on mobile devices. Constellation’s hypergraph is scaled by adding nodes to the network with the DAG architecture and the Proof-of -Reputation Observation consensus.
The smart contracts on the Constellation network are based on the Java Virtual Machine and handle all the operations. The constellation network comprises Stars, Star Cluster, Galaxies, and Black Holes. Stars in a component that connects users to the web through their mobile devices. Star Clusters are the elements that are engaged in reaching a consensus. Galaxies act as the network validators that maintain node reputations and allocate resources to Stars. The Galaxies’ metadata is stored in hashed blocks called Black Holes.
DAG is an ERC20 standardized token that powers communications and transactions in the Constellation protocol. There are currently 1.27 billion circulating DAG tokens in circulation from a total supply of 3,711,998,690 and a hard cap of 3,693,588,685. Users can earn DAG tokens by taking part in multiple constellation events. The objective of the community is to collect information from the internet into a single information center.
Constellation was unveiled in 2017 by Constellation Labs. The founding team comprises Benjamin Jorgensen, Mathias Goldmann, Benjamin Diggles, and Wyatt Meldman-Floch.