Constellation - Record, Reward, and Scale Data

Constellation is using DAG to make data scalable and accessible.

Concise Crypto
June 06, 2022

Constellation (DAG)

What is Constellation?

Constellation is a blockchain protocol that uses the Directed Acyclic Graph (DAG) to increase scalability and enhance the performance of blockchains.

Why does Constellation have value?

The Constellation platform allows blockchain projects to integrate with datasets and external data sources easily in a decentralized way. It is very secure and has been adopted by, among others, the U.S. Air Force. It is a newer technology that allows enterprises to share data while remaining decentralized and has scability to process data in increments in the millions (not the hundreds or hundreds of thousands).

What are the Pros of Constellation?

● It offers a native wallet, with features intended to make it easy to use.

● It is highly scalable.

● It is a decentralized way to integrate data from external sources into blockchains.

What are the Cons of Constellation Labs?

● Not available on major exchanges.

What are DAG’s tokenomics?

The total supply of DAG is 3.71 billion. There are currently 1.27 billion in circulation, accounting for 34% of the total supply.

Who founded Constellation Labs?

Benjamin Jorgensen, Benjamin Diggles, Mathias Goldmann, and Wyatt Meldman-Floch.

Who are Constellation Labs investors?

Constellation Labs conducted an Initial Coin Offering. The main investors are ChainRock, Cipher Ventures, Crypto Bazar, Fullstack Capital, Game Theory Group, Interchain Ventures, MW Partners, and TLDR Capital.

Concise Crypto Grade:

B+ :We like that DAG technology is opening doors for more scalable data to be recorded and utilized. DAG technology will be the future of what AI and machine learning need to really have an impact on the future. Tons and tons of autonomous data is needed, and Constellation is providing a way to record, reward, and use that data.

Where can I buy DAG?

KuCoin, HitBTC, LCX Exchange, Hotbit.

What ecosystem does Constellation Labs run on?

Hypergraph