Constellation
Constellation
DAG
Average
4.66K
7.75K
4.92K
Average
123
160
160
Average
16
13
8
Average
26
41
36
Constellation Timeline
Constellation Token allocation
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- Oct,2024The company expanded its collaborative efforts by joining the Decentralized Recovery Alliance alongside Hedera, Algorand, Ripple, and Casper, aiming to unify different protocols and ecosystems with similar philosophies.
- Nov,2023Constellation released its first sub-network, or 'metagraph,' on the Hypergraph, enabling application-specific networks to operate within its ecosystem.
- Oct,2023The company hosted the HyDef '24 conference, where it announced a partnership with Panasonic to integrate blockchain-secured edge computing solutions.
- May,2023Constellation Network announced the launch of IntegrationNet, a significant milestone aimed at enhancing the network's interoperability and scalability.
- Sep,2022Constellation expanded its ecosystem by introducing 'metagraphs,' customizable sub-networks that allow developers to build application-specific networks on the Hypergraph.
Constellation Info
- Oct,2024The company expanded its collaborative efforts by joining the Decentralized Recovery Alliance alongside Hedera, Algorand, Ripple, and Casper, aiming to unify different protocols and ecosystems with similar philosophies.
- Nov,2023Constellation released its first sub-network, or 'metagraph,' on the Hypergraph, enabling application-specific networks to operate within its ecosystem.
- Oct,2023The company hosted the HyDef '24 conference, where it announced a partnership with Panasonic to integrate blockchain-secured edge computing solutions.
- May,2023Constellation Network announced the launch of IntegrationNet, a significant milestone aimed at enhancing the network's interoperability and scalability.
- Sep,2022Constellation expanded its ecosystem by introducing 'metagraphs,' customizable sub-networks that allow developers to build application-specific networks on the Hypergraph.
Constellation Team
Constellation Intro
Constellation Network is a decentralized protocol that utilizes a Directed Acyclic Graph (DAG) architecture to achieve consensus, aiming to provide theoretically unlimited scalability. This design allows for the seamless integration of various data sources into Distributed Ledger Technology (DLT), thereby enhancing the functionality of smart contracts. By employing a serverless consensus mechanism, Constellation facilitates the processing of large data volumes with maximum scalability, straightforward integration, low transaction costs, and high security.
To address the persistent scalability challenges in the blockchain sector, Constellation introduces a unique consensus model known as Proof of Reputable Observation (PRO). This reputation-based system rewards and selects nodes based on their historical performance and reliability, ensuring that only reputable nodes participate in the consensus process. This approach enhances the network's security and efficiency by leveraging the trustworthiness of its participants.
Within the Constellation ecosystem, smart contracts operate on the Java Virtual Machine (JVM), offering functionalities comparable to those on the Ethereum blockchain. This compatibility enables developers to create and deploy decentralized applications (dApps) with ease, utilizing existing Java tools and libraries. By combining the scalability of the DAG architecture with the flexibility of JVM-based smart contracts, Constellation provides a robust platform for developing scalable and secure blockchain solutions.
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Constellation Network is a decentralized protocol that utilizes a Directed Acyclic Graph (DAG) architecture to achieve consensus, aiming to provide theoretically unlimited scalability. This design allows for the seamless integration of various data sources into Distributed Ledger Technology (DLT), thereby enhancing the functionality of smart contracts. By employing a serverless consensus mechanism, Constellation facilitates the processing of large data volumes with maximum scalability, straightforward integration, low transaction costs, and high security.
To address the persistent scalability challenges in the blockchain sector, Constellation introduces a unique consensus model known as Proof of Reputable Observation (PRO). This reputation-based system rewards and selects nodes based on their historical performance and reliability, ensuring that only reputable nodes participate in the consensus process. This approach enhances the network's security and efficiency by leveraging the trustworthiness of its participants.
Within the Constellation ecosystem, smart contracts operate on the Java Virtual Machine (JVM), offering functionalities comparable to those on the Ethereum blockchain. This compatibility enables developers to create and deploy decentralized applications (dApps) with ease, utilizing existing Java tools and libraries. By combining the scalability of the DAG architecture with the flexibility of JVM-based smart contracts, Constellation provides a robust platform for developing scalable and secure blockchain solutions.