What Is Constellation (DAG)?

Constellation is a protocol that aims to create a digital space where mainstream applications can use blockchain technology. Constellation aims to overcome the distance between information processing and decision-making. According to the whitepaper, the platform strives to alter the current nature of centralized data storing methods used by blockchain networks.

Shared information often suffers from a number of issues including accuracy, volume, as well as how the data is exchanged and utilized between systems. Thus, a necessity to fact-check the information becomes critical to ensure its proper utility. Constellation aims to provide validation to data so that informed decisions can be made. 

The Constellation protocol seeks to address the current issue of scalability on blockchain networks. The protocol attempts to use digital architecture with a peer-to-peer validation process so that faster processing of data can be achieved. A peer-to-peer network is a decentralized network that does not require any external party to send or receive information. 

The Constellation network uses different protocols which allow a large number of connected devices to share the network’s condition or state. Thus, the platform can assist in attaining consensus at a scale that has not previously been achieved by previous networks. 

$DAG is the native token of the Constellation platform. The token ensures that all the components of the Constellation network can relate to each other, which leads to a seamless flow of information. $DAG also helps to establish interaction between the many nodes of the network. A node is any computer in the network of a cryptocurrency. 

Apart from serving as a store of value, $DAG also provides faster data processing to the network. $DAG allows value to be added to data. The goal of $DAG is to act as a secure mode of payment for the participants of the network. Thus, $DAG provides incentives that encourage users to contribute to the ecosystem of the Constellation platform. 

History of Constellation (DAG)

Constellation was co-founded by Ben Jorgensen, Wyatt Meldman-Floch, Benjamin Diggles, Mathias Goldmann, and Altif Brown. The whitepaper of Constellation was released in 2017.