Founded in 2017, Constellation Network is developing a new Hypergraph architecture that offers improved solutions for decentralized technologies and tokenomics. This article explores the project's key experiences, technical features, and prospects.
The Origins and Evolution of Constellation Network
Development of Constellation Network began in 2017 with the aim of overcoming the limitations of traditional blockchains. The Hypergraph Main Net was launched on May 7, 2020, after two and a half years of development. In 2018, the tokenomics model was revised to reduce centralization and double validator rewards.
Core Technical Features of the Hypergraph Architecture
Unlike traditional blockchains, Constellation utilizes a Directed Acyclic Graph (DAG) structure. The architecture includes two layers: Layer 0 (L0) and Layer 1 (L1), allowing for more efficient transaction processing. A key feature is the metagraphs, enabling the creation of applications with unique consensus mechanisms.
Tokenomics Evolution and the Future of Constellation
The $DAG token serves as the primary cryptocurrency in the network. The initial tokenomics model was revised in 2024 with the introduction of Metanomics, allowing dynamic token supply management. The delegator system now plays a crucial role in supporting validators and creating a balanced economy.
Constellation Network continues to evolve, developing new approaches to decentralized technologies and economics. The implementation of Metanomics portends significant changes and indicates long-term sustainability and growth for the network.
