$DAG is looking to redefine Web3 interoperability with L0 consensus.
Secure, feeless, decentralized and infinitely scalable.
but what is a L0 and how would that even work?
Secure, feeless, decentralized and infinitely scalable.
but what is a L0 and how would that even work?
Constellation (DAG) is a protocol that uses a directed acyclic graph architecture to achieve a consensus that is, in theory, capable of infinite scalability.
With the DAG protocol and custom state channels, Constellation is driving the evolution of smart contracts by allowing data sources to be integrated into distributed ledger technology.
Constellation provides speed, security, and "layer-zero" consensus in its network (Hypergraph) and transportation protocol (HGTP) without explicitly required fees.
The central key to the Constellation network's functionality is its Hypergraph Network.
The Hypergraph network uses a directed acyclic graph (DAG) protocol and their novel Proof of Reputable Observation (PRO) consensus.
$DAG is a strategy hat translates the conventional hash-layered security of a blockchain into a coincident structure.
A conventional blockchain is a chain of hash references sequentially organized in single links, while a DAG is more like a graph conceptually.
A conventional blockchain is a chain of hash references sequentially organized in single links, while a DAG is more like a graph conceptually.
The Hypergraph's native cryptocurrency is the $DAG. The $DAG operates on an exclusive state channel that facilitates seamless interaction between state channels and network nodes. In other words, $DAG binds network components together and is how the Hypergraph provides utility.
State channels, an innovation of the $DAG network are independent networks that are capable of processing and validating complex data from any data source.
They connect with the global L0 network by sending snapshots that undergo further validation before being added to the global ledger. Like traditional microservices, state channels are able to define their own business logic and interact with external services.
State channels can define their own tokens, known as L0 tokens, which can be used to transact within their network, reward node operators, and assign value to data. Learn more about the L0 Token Standard.
This model offers functionality similar in nature to an ERC-20 automatically to any given application or network.
On the Constellation Network, smart contracts run on a Java Virtual Machine (JVM). These contracts serve a similar function to smart contracts on the Ethereum (ETH) blockchain but their logic is somewhat more complex.
Ok. But why is this referred to as an "L0" by the Constellation team?
The L0 Token Standard is a common interface for L0 Cells, which are used to connect each state channel or L1 to the global DAG L0 as well as each other; forming the HyperGraph network as a whole.
Interoperability between different L1 protocols is also no issue.
Existing L1 protocols can integrate with others by deploying an L0 Cell that implements the L0 standard interface.
Existing L1 protocols can integrate with others by deploying an L0 Cell that implements the L0 standard interface.
As for it's form of validation it is as follows.
Constellation in contrast to PoS or PoW encourages node security by attempting to decentralize and minimize trust.
Constellation in contrast to PoS or PoW encourages node security by attempting to decentralize and minimize trust.
$DAG uses a combination of per-node oracle reputation scoring, reversibility proofs, and peer-to-peer reliability scoring mechanisms called Proof-of-Reputable Observation a model that responds to insecure conditions in real-time in an effort to lower overall trust in the network
Security, not trust, is the goal.
Although peer-to-peer judgement and reputation still seems partially reliant on the trustworthiness of the judgements of your fellow validators
Although peer-to-peer judgement and reputation still seems partially reliant on the trustworthiness of the judgements of your fellow validators
To summarize its key features: Constellation is focused on big data validation, big data notarization and scalable interoperability.
Tokenomics 📌
Market Cap = $87,355,481
Token price: $0.06895
Fully Diluted Market Cap = $254,666,251
Max Supply = 3,693,588,685
Total Supply = 3,711,998,690
Circulating Supply = approx. 1,270,000,000
Market Cap = $87,355,481
Token price: $0.06895
Fully Diluted Market Cap = $254,666,251
Max Supply = 3,693,588,685
Total Supply = 3,711,998,690
Circulating Supply = approx. 1,270,000,000
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