Constellation Network, founded in 2017, aims to create fully transparent and efficient supply chains through its unique Hypergraph architecture. This article examines the core technical features of the network and its further evolution.
The Origins and Evolution of Constellation Network
The development of Constellation Network began in 2017 to overcome the limitations of traditional blockchain technology. On May 7, 2020, the Hypergraph Main Net was launched. The initial tokenomics model had founders owning 20% of tokens and the Foundation controlling 26.6%. In 2018, community feedback led to a revision of the model to reduce centralization. In March 2021, the team announced Tokenomics v2.0, and in August 2024, the concept of Metanomics was introduced.
Core Technical Features of the Hypergraph Architecture
The Hypergraph differs from traditional blockchains as it utilizes a Directed Acyclic Graph (DAG) structure, allowing for higher transaction speeds. The architecture consists of two layers: Layer 0 (L0) for final validation and Layer 1 (L1) for handling new data. Additionally, the network supports metagraphs — application-specific networks that allow developers to implement their own consensus mechanisms.
Tokenomics Evolution: From Fixed Supply to Dynamic Model
The $DAG token serves as the native cryptocurrency of the network. The original tokenomics model ensured a capped supply with rewards distributed over eras lasting 2.5 years. However, in August 2024, Metanomics was introduced, shifting to a more flexible model with dynamic inflation that adapts to market conditions. This approach ensures long-term incentives for validators and adjusts supply in relation to market demand.
Constellation Network continues to evolve by integrating cutting-edge technologies and tokenomics approaches, establishing itself as a significant player in the rapidly growing Web3 landscape. With the transition to Metanomics and the introduction of metagraphs, the network aims to create a sustainable decentralized economic ecosystem.
