What is Constellation (DAG)? All information about token DAG

• Overview of the Constellation project
• What is Project Constellation?
• Key features of the Constellation . project
• Operation mechanism of the Constellation project
• Constellation project development team
• Overview of the DAG . token
• What is DAG Token?
• Where to buy DAG tokens?
• DAG . token storage wallet
• Should I invest in DAG tokens?
• summary

Constellation Network is widely known as a decentralized infrastructure system, involved in the process of connecting two emerging technologies, big data and blockchain. This network mainly focuses on providing effective plans and solutions to major difficulties and challenges that today many systems are having a headache to solve. In particular, especially the speed as well as scalability and economic dynamics of Dapps . So let's join TraderH4 to answer the question "What is Constellation?" and basic information about DAG token!

Overview of the Constellation project

What is Project Constellation? 

Constellation Network is a group of many cryptographic entities. They have the ability to dominate different aspects of the platform. Since its inception, Constellation has been on a mission as a decentralized blockchain. Thanks to the microservices approach and smart contracts , the project is offered to set up on the prestigious Ethereum blockchain platform.

In simple terms, the project was born to support the creation of a large application to interact with large and small modular services. In each module, it will receive specific support with different business goals. However, they are completely interchangeable with other electronic devices, as long as they are on the same network.

Constellation also aims to support the creation of a fully decentralized network thanks to delegated selection. This is where participants can contribute to the consensus mechanism. In addition, this network is also established with the purpose of solving difficult problems as well as limitations of blockchain technology at the moment. For example, it is not possible to scale horizontally completely. This indicates that many networks today are not large enough for users to participate too much in the future.

Therefore, Constellation was born to provide a service that provides transactions at a faster and more optimal speed than current platforms. In addition, in the free transactions, there are incentives to encourage users to join the network to develop the community.

Key features of the Constellation . project

Compared to other projects, Constellation possesses extremely superior features. In particular, it must be mentioned the ability to scale very quickly with the number of users as well as the current demand. According to information revealed by the project, its throughput ranges from 4,000 to more than 4,800 transactions per second with 1,200 nodes. This is thousands of times more than the Bitcoin network, hundreds of times more than Ethereum.

In addition, the Constellation project also adopts the Proof-of-Meme (PoM) protocol to allow individual users to contribute and monitor the network directly, thereby implementing the devices. their intelligence. They will create rewards for individuals who contribute to improve the system.

Operation mechanism of the Constellation project

Constellation is a very unique project. In particular, the project's extremely flexible operating mechanism with network architectures, including the following components:

• Star: This is the basic element for direct interaction between the web and the user, compatible with mobile devices. All transactions are done through this component.
• Star Cluster: This component is required to participate in the consensus. Each Star Cluster forms local hash blocks, which are processed like regular transactions and hashed by the Galaxy and Black Hole.
• Galaxy: These are isomorphic structures and act like validators. The Galaxy dedicates resources to the Stars and maintains the reputation of the nodes. Galaxy metadata is collected in Black Holes and the network's blockchain history is stored in Galaxy.
• Black Hole: These are groups of hashed blocks.

Constellation project development team 

As a project with great expectations because of its clear goals and extremely wise policies, Constellation owns a team of extremely professional, highly qualified and professional staff in this field. It can be seen that at present, there are very few projects on the market with the number of employees up to nearly 30 people like Constellation. The thoughtfulness of personnel has partly helped the project win the trust from the participants in the project.

Here are some prominent faces, major contributors to the project:

• Co-founder and CEO – Brendan Playford: Besides holding a key position in the Constellation project, he is also the founder of the prestigious Aurora energy and deployment network.
• Co-Founder and CTO - Wyatt Meldman-Floch: With a SETI master's degree and holding the position of head of NASA Ames research center as well as principal assistant engineer of Zignal lab, you have truly become a pillar for the project.
• COO – Benjamin Jorgensen: He is the co-founder of Audible Ventures and an advisor to GiftConnect.
• CCO – Altif Brown: He is the global Rinse community manager and Wanelo community analyst.
• Marketing Director – Zac Russell: He is currently the head of marketing and advertising specialist at Red Bull Media House Group.

Overview of the DAG . token

What is DAG Token? 

The DAG token is the native utility token in the HGTP network. This token allows for seamless exchange and mutual interaction between state channels. 

Its benefits will include:

• Transaction fees: This is probably the biggest advantage of this token. The reason is because some transactions require large throughput such as precise data processing or data exchange. This process requires a lot of energy so we have to pay a fee.
• Collateral for Node Operators: When we want to become an operator node holder, we need to make a deposit. This amounts to 250,000 DAG tokens.
• Incentive to join the network: The project will give rewards to node miners. This reward is paid in DAG tokens to incentivize these people to contribute data to the network.   

Where to buy DAG tokens?

Reading this far, surely you all have the same question: how to own DAG token, right? Don't worry because TraderH4 will answer this question for you.

To be able to become a DAG token holder, you can buy them through exchanges that list this token such as Hotbit, HitBTC, KuCoin… In addition, when individuals and organizations participate in the project, the token DAG will be considered as a reward for them when they participate in building the network.

DAG . token storage wallet

The unique feature of Constellation is owning a storage wallet of its own. This wallet is known as the Stargazer Wallet. It was created by Stardust Collective – a decentralized open source organization. So, you can completely store DAG tokens on the project's wallet!

Should I invest in DAG tokens? 

As a token from a new project in the cryptocurrency market, DAG promises to bring explosions and is expected by many investors. According to many experts, the connection between DAG token and Constellation projects promises to bring trend-leading events in the future. 

However, this project still has potential risks. The centralization of ring graph technology in the direction of basic 110 nodes is very vulnerable to attacks. Along with that, DAG's technology and solutions have not been evaluated on the scale of medium and large enterprises. Therefore, their effectiveness in practice is still not really clear.

summary

As such, TraderH4 has also helped you answer questions about the DAG token as well as the question of what Constellation is. Hope you will have successful investment deals!

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