Constellation Labs DAG Price $ 0.042

Constellation functions as a distributed network that facilitates quick and scalable solutions for the processing and transfer of data. The network is secure and interoperable for connected sensors and devices. The team is headquartered in San Francisco, and according to its mission statement the project was founded as a response to the “major interoperability issues between data-generating systems”.

The DAG token is the native token of the network. It is a utility token, the goal of which is to facilitate seamless exchange between the various channels and nodes that comprise the network.  Hypergraph, HGTP, is Constellation’s own decentralized network. As such, the DAG Token is HGTP L0 token standard, the first in the blockchain space.

What are Constellation’s key features and how does it work?

The Constellation Network’s architecture forms a key part of the functionality of the platform. It is designed as a directed acyclic graph. It is designed for high throughput and on the basis that microservices can be added and developed as the network grows. For example, the network makes it easy and flexible for application or task-specific hybrid nodes to be added in the future. 

The network is made up of interconnected decentralized nodes, which together form the network’s consensus model, Proof of Reputable Observation (PRO). Each node receives DAG rewards in proportion to the node’s PRO score. A node’s PRO score is determined by time on the network, validation consistency, as well as behavior. 

More specifically, the Constellation HGTP Network is made up of DAG nodes, state channel nodes, and ‘hybrid’ nodes. Hybrid nodes oversee the consensus for various state channels and DAG.

A state channel can validate specific data types based on validation functions as specified by users. State channels are capable of sharing, or “licensing”, its data to Constellation accounts. They do this by granting rights via payment in $DAG, or in return for validating data as a node operator and receiving throughout allowance. State channels can be directly integrated into already existing applications, meaning there is minimal hassle for deployment.

With Hybrid nodes, direct license exchange can be achieved via atomic commits. Hybrid nodes, essentially, allow cross-chain liquidity

What is noteworthy about Constellation?

Constellation has created its own L0 standard that allows anyone to build a blockchain based business programmed on HGTP. This is done through Hypercube, businesses can use it to validate data schemas and sources, mint their own cryptocurrency, as well as attach business logic and metrics to their L0.

What can DAG be used for?

Constellation’s DAG token main function is as the native medium medium of exchange and comprises the basis for all economic activity on the network. In addition to its utility as a store of value, it provides tokenized throughput, or bandwidth, on the network. The platform allows users to access basic rate-limited functionality free of charge, facilitating single transactions for on-off P2P payments. 

However, for transactions requiring high amounts of data processing or data exchanges, a higher rate of throughput is required. This can be obtained by using DAG for micropayments or being a node operator and contributing resources to the network.

DAG incentivizes participants to contribute and maintain the ecosystem on the HGTP network since it is awarded to users based on network activity.

Where can you buy DAG?

DAG is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are KuCoin and Gate.io. The price of DAG will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for DAG market price, please view the price charts on this page.