Constellation represents a network with a unique structure based on Directed Acyclic Graph (DAG), aimed at improving supply chain transparency and reducing transaction costs. This article analyzes key aspects of the technical architecture, tokenomics evolution, and future prospects of this Web3 infrastructure.
Origins and Milestones of Constellation
Constellation began its development in 2017 with the goal of overcoming the limitations of traditional blockchain technology. A significant milestone was reached on May 7, 2020, with the launch of Hypergraph Main Net. In 2018, the tokenomics model was revised to reduce centralized holdings and increase rewards for validators. In 2021, Tokenomics v2.0 was announced, followed by the introduction of Metanomics in 2024.
Technical Features of Hypergraph Architecture
The Hypergraph architecture differs from traditional blockchains by utilizing a Directed Acyclic Graph structure, allowing for higher transaction speeds. It consists of two layers: Layer 0, responsible for final validation, and Layer 1 for processing new data. Additionally, Constellation utilizes metagraphs—application-specific networks that provide flexibility for developers.
Evolution of Tokenomics: From Fixed Supply to Dynamic Model
The $DAG token serves as the utility cryptocurrency of Constellation Network. The original tokenomics involved a fixed supply, which limited long-term incentives. The introduced Metanomics model allows for flexible token supply management, with annual inflation starting at 6% and gradually decreasing to 0.5%. This ensures sustainable incentives for validators and a more stable network economy.
Constellation, with its Hypergraph architecture and innovative Metanomics economic model, demonstrates the potential to transform approaches in the decentralized technology arena. As the number of metagraphs increases and the focus on integration with traditional systems expands, the future of the network appears promising.
