Constellation Labs (DAG) is a decentralized protocol processes big data and integrate external datasets. More
| Fully Diluted Valuation | $119.34M |
|---|---|
| 24H Trading Volume | $1.89M |
| 24H Low / High | $0.03 / $ 0.04 |
| Circulating Supply | 2.87 B |
| Total Supply | 3.55 B |
| Max Supply | ∞ |
| Categories | Smart Contract Platform 5 more |
|---|---|
| Founder | Benjamin Jorgensen 2 more |
| Website | constellationnetwork.io Whitepaper |
| Socials | 5 more |
| Chains | Base Ecosystem |
| Explorer | Dagexplorer 1 more |
| Contracts |
0x742....de3b1
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| Name | Pair | OG Score |
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Constellation (DAG) is a protocol designed to handle big data efficiently and securely. It uses a unique architecture called a directed acyclic graph (DAG), which allows it to scale indefinitely. This means it can handle more transactions as more users join, without slowing down. The protocol integrates data sources into distributed ledger technology (DLT) using custom state channels and easy-to-use APIs.
Founders of Constellation
Constellation Labs, the company behind DAG, was founded in 2017 by Benjamin Jorgensen, Benjamin Diggles, Mathias Goldmann, and Wyatt Meldman-Floch.
Benjamin Jorgensen is the CEO and previously led Klick Push and co-owned MZ Dining Group.
Benjamin Diggles is the Chief Revenue Officer, responsible for partnerships and strategy, with a background at Oracle, Universal Pictures, and Disney.
Mathias Goldmann is the Chief Operations Officer, previously working at the European Central Bank and PricewaterhouseCoopers.
Wyatt Meldman-Floch is the Chief Technology Officer and the primary developer of the Constellation protocol, with experience at NASA Ames Research Center.
What Makes Constellation Unique?
Constellation aims to solve blockchain scalability issues by increasing network capacity as more users join. Its consensus model, called proof-of-meme (PoM), rewards nodes with good reputations. Smart contracts on the Constellation network run on a Java Virtual Machine (JVM), allowing them to handle complex logic.
The network's architecture includes several components:
Stars: Facilitate transactions and are mobile-compatible.
Star Clusters: Participate in the consensus process.
Galaxies: Act as validators and maintain network reputation.
Black Holes: Store hashed blocks and network history.
Key Features and Applications
Constellation focuses on big data validation, notarization, and scalable interoperability. It offers low transaction fees and high security. In June 2018, Constellation launched Orion, a platform for earning DAG tokens through community participation.
DAG Token
DAG is Constellation's native token, with a total supply of 3.71 billion tokens and 1.27 billion in circulation as of October 2021. Initially created as an ERC-20 token, DAG facilitates communication between government channels and network nodes. Constellation also offers a native crypto wallet called Molly for an enhanced user experience.
Security and Partnerships
In 2019, Constellation signed a deal with the U.S. Air Force to automate big data management, highlighting its focus on security and practical applications.
Constellation (DAG) stands out with its innovative approach to blockchain scalability and data processing, making it a promising solution for various industries that require secure and efficient handling of large datasets.
Constellation (DAG) is unique for its directed acyclic graph (DAG) architecture, allowing for infinite scalability and secure big data processing, distinguishing it from traditional blockchain solutions.
Constellation (DAG) was founded by Benjamin Jorgensen, Benjamin Diggles, Mathias Goldmann, and Wyatt Meldman-Floch.
While specific investors are not detailed, Constellation has partnerships, including a notable deal with the U.S. Air Force for automating big data management.
Constellation (DAG) uses a unique consensus model called proof-of-meme (PoM), which rewards nodes with good reputations, ensuring network reliability and efficiency.
