KuCoin has once again announced another essential project listed on their platform, the Constellation DAG. The said altcoin has already gained a positive reputation in the cryptocurrency world.
Deposits are now available with buying schedule starting at 17:30 (UTC+8) while Selling and Withdrawal at 18:00 (UTC+8). Supported pairs include DAG/BTC, DAG/ETH, and DAG/NEO.
Introduction to Constellation DAG
Constellation aims to compete in the next generation of network, post provider blockchain is on the modern times, as the DAG era. Constellation is a fault-resistant, horizontally scalable, distributed operating system that operates smart contracts as microservices, all created using JVM for its programming language and DAG architecture.
Constellation offers a reformulation of cryptographically protected consensus into a modern server-less architecture and sets out to fix the scalability and “centralization” of the existing blockchains.
This design technically gives infinite scalability and enhanced throughput for the network. The reformulation of consensus into server-less architecture intends to determine the scalability problem to enable mainstream applications to adopt blockchain technology. Constellations meme economy can make transactional costs antiquated.
Constellation DAG Fundamentals
Constellation labs is an ERC20 token that is created on the Ethereum blockchain. With testnet listed for June 2018 followed by mainnet early 2019, Constellation will then proceed to their chain following a token exchange.
The system is developed on the head of DAG (directed acyclic graph) architecture. The team utilizes a party resemblance to define DAG.
In traditional blockchains, the owner gives the food and drinks for the party. When the guests arrive, the number of sources can only provide so many people, the parts are small, and everything ultimately operates out, and the party stops. Imagine of DAG as a party where everyone brings food and drinks. With every extra guest (node), the more means the party has to keep moving.
Constellation DAG Token
It is the token used inside the network. It is also used in making transactions on Constellation. DAG has 4 billion supplies in total. More than 500 million DAG is now in circulation.
Peer to Peer Architecture of Constellation
This serverless architecture is an example of a distributed operating system, a system that provides an interface for utilization of underlying hardware’s sources.
Stars- It is the network’s base object. In order to make direct network interaction, users take star nodes on devices. Transactions are issued by means of Stars.
Star Cluster- It is the collection of Stars that are elected to have consensus participation. There is limitation on total number of Stars.
Galaxies- These are isomorphic to validator’s role in Extended Trust Chain. They are validators and providers of truth sources to remove invalid transactions.
Black Holes- These are like blocks in blockchains. It is where Galaxies store the whole history of their blockchain.
Microservice Smart contract- It is an available, elastic and distributed system that thrives on architecture with no server. It is used to send transaction and execute consensus.
Constellation DAG Team
Constellation is managed by well-experienced expert members and advisors. Brendan Playford leads the group as the Chief Executive Officer of the team. Other members are Wyatt Meldman Floch, Benjamin Jorgensen, Altif Brown, Emily Arth, and Zac Russel.