Constellation - a software infrastructure tool that eliminates the financial and organizational costs, associated with insecure data pipelines and bad data. It provides a secure and tamper-proof audit trail.
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Description of Constellation
Constellatiоn - a protocol that uses a directed graph architecture to achieve consensus that is theoretically capable of infinite scalability. Using the DAG protocol and custom state channels, Constellation drives the evolution of smart contracts by allowing data sources to be integrated into distributed ledger technology (DLT).
The company was launched in 2017 and the DAG roadmap dates back to April 2018. While developing the project, the founding team decided to rethink the usual solutions to many of the problems of existing blockchains, such as scalability and centralization. Constellation is designed to process big data securely by offering the ability to connect to external datasets through easy-to-use APIs. Its technology is facilitated by changing the principle of reaching consensus, using a non-server architecture.
Project founders
Constellation Labs (CST) was founded by four people: Benjamin Jorgensen, Benjamin Diggles, Matthias Goldmann and Wyatt Meldman-Floch.
| Benjamin J. Jorgensen |
He is the CEO of Constellation Labs. Previously, he was the founding CEO of Klick Push, as well as one of the co-owners of MZ Dining Group (Ittoryu Gozu) and the owner of A5 Meats. |
| Benjamin Diggles |
Chief Revenue Officer (CRO) at Constellation. He is responsible for communications with governments and businesses, and is responsible for many of the programs and implementation of Constellation's global partnership strategy. Prior to Constellation Labs, Diggles worked for Oracle, Universal Pictures and Disney. |
| Matthias Goldmann |
He is the COO of Constellation. Goldmann previously worked at the European Central Bank and PricewaterhouseCoopers and joined Constellation Labs in October 2017 as Vice President of Finance. Now, as COO, he oversees the development and implementation of business operations. It also defines the corporate culture development policy and the vision of Constellation. |
Wyatt Meldman-Floch is the Chief Technology Officer (CTO) at Constellation, who developed the project protocol from the ground up. Meldman-Floch was an intern and researcher at NASA's Ames Research Center and has worked for companies such as Zignal Labs and Rally Health.
What makes the Constellation unique?
The mission of Constellation (DAG) - to process big data with maximum scalability, easy integration, low transaction fees and a high level of security. The platform aims to efficiently process huge datasets in a safe and cost-effective way.
The project protocol aims to address the ongoing problem of scalability in the blockchain space. Its key difference - the ability to scale in proportion to the number of users and current needs. If a user joins a Constellation, the network bandwidth increases in direct proportion.
The project uses a consensus model, called proof-of-meme (PoM), based on the principle of reward and selection of nodes with a good reputation. On the project network, smart contracts run on the Java Virtual Machine (JVM). These contracts perform a similar function as smart contracts on the Ethereum (ETH) blockchain, but their logic is somewhat more complex.
Constellation
In June 2018, the creators of Constellation launched Orion, which allows the community to earn DAG tokens to participate in various company events. The goal of the community - to collect information and content from the Internet into one central hub. The network architecture consists of several components, including:
- basic element for direct interaction between the Internet and users, which is compatible with mobile devices. All transactions are made through this component;
- required to participate in consensus. Each star cluster forms local hash blocks, which are processed like normal transactions and hashed by galaxies and black holes;
- galaxies. They behave like validators. The galaxies dedicate resources to the stars and maintain the reputation of the nodes. Galaxy metadata is collected in Black Holes, and the network's blockchain history is stored in Galaxies.
Constellation is focused on big data validation, big data notarization and scalable interoperability.
Cryptocurrency of the project: its purchase and sale
DAG is the native token of the Constellation Network. As of October 2021, the total supply is capped at 3.71 billion tokens, of which 1.27 billion are in circulation. The ICO of DAG tokens ended on June 15, 2018.
DAG was created as an ERC-20 token that enables seamless communication between government channels and nodes and connects multiple network components. In addition, the developers of Constellation have launched their own crypto wallet, called Molly, which has appeared to improve the user experience. (DAG) can be bought, sold and traded on several crypto exchanges, including KuCoin, HitBTC, LCX Exchange and Hotbit.
