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Constellation

DAG

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About Constellation

Constellation, also known as DAG, is a protocol that utilizes a directed acyclic graph architecture to achieve consensus. This unique approach aims to provide scalability. Launched in 2017, Constellation strives to address common challenges in existing blockchains, such as scalability and centralization. It is designed to process big data securely and connect to external datasets through user-friendly APIs. The protocol's technology is facilitated by a shift in consensus building through a serverless architecture. Constellation's native token, DAG, is an integral part of the network's ecosystem.

Constellation operates using a unique consensus model known as proof-of-meme (PoM), which rewards and selects nodes with good reputations. The protocol's smart contracts run on a Java Virtual Machine (JVM), serving a similar function to smart contracts on other blockchains but with the ability to handle complex logic. The network's architecture comprises several components, including Stars, Star Cluster, Galaxies, and Black Holes, each playing a specific role in the network's operation. As more users join Constellation, the network bandwidth increases proportionally, demonstrating the protocol's scalability.

Constellation aims to process big data with scalability, easy integration, low transaction fees, and security. It seeks to efficiently process large datasets in a secure and cost-effective manner. The protocol's unique architecture allows it to scale in proportion to the number of users and current needs. Additionally, Constellation's smart contracts, which run on a Java Virtual Machine (JVM), aim to handle complex logic. This makes Constellation potentially useful in various sectors that require secure and efficient processing of large amounts of data.

Constellation was launched in 2017 by co-founders Benjamin Jorgensen, Benjamin Diggles, Mathias Goldmann, and Wyatt Meldman-Floch. The team sought to rethink traditional solutions to common blockchain problems, such as scalability and centralization. In June 2018, the creators launched Orion, a platform that allows the community to receive DAG tokens by participating in various Constellation events. The protocol's native token, DAG, was introduced as an ERC-20 token. In relation to its security features, Constellation signed a deal with the U.S. Air Force in 2019 to automate its big data management.

Market

Canada Market Stats

Market cap

CA$148.6M

Volume (24h)

CA$2.6M

Circulating supply

2.9B DAG

All time high

CA$0.53

Price change (1h)

+1.21%

Price change (24h)

-2.16%

Price change (7d)

-13.37%

Canada News about Constellation

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Nasdaq-Listed Coal Miner Adds 425 BTC To Balance Sheet

Alliance Resource Partners (ARLP) announced that it’s mining bitcoin and holding 425 BTC on its balance sheet.

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CoinDesk • Apr 30, 24

Tokenized Asset Issuer Backed Raises $9.5M as Crypto's RWA Race Heats Up

The fundraising will help accelerate Backed's private tokenization offering and onboard asset managers to blockchains, the company said.

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CoinDesk • Apr 30, 24

Liquid Restaking Protocol Renzo Airdrops REZ Token, Debuts at $289M Market Cap

The token has $75 million in trading volume in the hour after claims went live.

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The Block • Apr 30, 24

Stablecoin legislation could prove bigger than US spot bitcoin ETFs, Bitwise CIO says

The “mainstreaming of stablecoins” could prove as big as or bigger than the U.S. spot bitcoin ETFs, according to Bitwise CIO Matt Hougan.

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Messari • Apr 30, 24

Welcome to the Real World

Over the past year, Real World Asset (RWA) protocols have seen a resurgence, with their Total Value Locked (TVL) soaring to nearly $8 billion, driven by a market preference for debt-based, high-yield investments. Investors are increasingly shifting their focus from volatile tokenized equities to ...

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Constellation is on the decline this week.

The price of Constellation has increased by 1.21% in the last hour and decreased by 2.16% in the past 24 hours. Constellation’s price has also fallen by 13.37% in the past week. The current price is CA$0.0517 per DAG with a 24-hour trading volume of CA$2.56M. Currently, Constellation is valued at 90.24% below its all time high of CA$0.53. This all-time high was the highest price paid for Constellation since its launch.

The current circulating supply of Constellation is 2,873,448,318 DAG which means that Constellation has as total market cap of 2,873,448,318.

FAQ

What is the current price of Constellation?

We update our Constellation to CAD currency in real-time. Get the live price of Constellation on Coinbase.

What is the market cap of Constellation?

The current market cap of Constellation is CA$148.62M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Constellation?

The all-time high of Constellation is CA$0.53. This all-time high is highest price paid for Constellation since it was launched.

What is the 24 hour trading volume of Constellation?

Over the last 24 hours, the trading volume of Constellation is CA$2.56M.

What other assets are similar to Constellation?

Assets that have a similar market cap to Constellation include Star Atlas, Streamr, Neon EVM, and many others. To see a full list, see our comparable market cap assets.

How many Constellation are there?

The current circulating supply of Constellation is 2.9 billion.

Can I buy Constellation on Coinbase?

No, Constellation is not currently available on Coinbase, but you can sign up to get the latest news on Constellation and be notified when it gets added to our exchange.