As we get closer to #Metagraph release let's dive into this formula and break it down and what this means for $DAG and running a metagraph L0 (hybrid node) in the following areas
Price 💹
Staking 💸
Node hardware 💻
Now, if the price of $DAG increases, users are likely to stake more $DAG in the network because the value of their holdings has increased. As a result, the stakedDAG component in the unitMultiplier calculation will also increase.
Since the unitMultiplier is the reciprocal of the sum of (stakedDAG * stakingWeight) and (proScore * proWeight), an increase in stakedDAG will result in a lower unitMultiplier.
When the unitMultiplier decreases, it leads to a reduction in the overall fee (baseFee * unitAmount * unitMultiplier). This means that as the price of $DAG goes up, the fees for submitting metagraph snapshots to the Hypergraph will be lowered,
making it more affordable for users to interact with the network. This mechanism ensures that the network remains accessible and cost-effective even as the value of $DAG fluctuates.
Staked $DAG Amounts and Rewards:
In the formula, the unitMultiplier component considers the stakedDAG amount. The more $DAG a user stakes, the higher their stakingWeight, which in turn reduces the unitMultiplier.
A lower unitMultiplier results in a lower fee, increasing the net rewards for the user. Thus, someone with a higher staked $DAG amount will receive greater rewards compared to those with less staked $DAG.
Hardware Requirements and Rewards:
The computationalCost in the unitAmount calculation represents the hardware requirements for processing transactions.
Nodes with more powerful hardware can handle higher computationalCosts, resulting in an increased byteSize, which leads to a higher unitAmount.
The higher unitAmount implies more work performed by the node. Consequently, the node is compensated with greater rewards, acknowledging the additional resources contributed to the network.
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#MetaData 🧵
Purchasing @DorTechnologies DoR Traffic Miner (DTM) and monetizing the collected metadata can be an attractive opportunity for retail investors due to several reasons:
Passive Income: A DTM can provide retail investors with a steady stream of passive income by collecting and selling valuable location metadata to interested parties.
Demand for Location Data: With the increasing adoption of location-based services and targeted advertising, there is a growing demand for accurate and reliable location metadata, making it a lucrative market.
1/10
Constellation is a scalable, interoperable blockchain based on #DAG & metagraphs, designed for efficient #data processing, adapting to diverse industries & applications.
2/10 #Modularity: @Conste11ation's modular design enables custom components like consensus algorithms, cryptographic schemes & data structures, catering to specific requirements.
3/10 #Metagraphs:
Metagraphs extend traditional smart contract functionality, providing flexibility & adaptability for complex data structures & various use cases.
The @EnterTheVoidNFT's Non-Fungible Gadget Protocol (NFGP) aims to revolutionize the way developers are rewarded for their contributions to open-source development in the Web3 space.
By addressing the uneven value exchange and lack of transparency that has plagued traditional incentive models, The Void is pioneering a developer-centric gig economy that ensures fair compensation for developers.
as a decentralized and scalable network that can handle complex data streams and process them efficiently. It does this by leveraging several key concepts and technologies, such as Hylochain consensus, dynamic partitioning, and map-reduce functions.
In a microservices architecture, applications are broken down into smaller, modular components (called microservices) that can be developed, deployed, and scaled independently of each other.
Scalability: @Conste11ation's DAG-based architecture provides unlimited horizontal scalability, with no congestion or high fees, allowing projects to grow without limitations.
Metagraphs: Advanced Layer-0 state channels enable complex data structures and logic, without the constraints of traditional smart contracts. Metagraphs can act as off-chain data oracles and are compatible with external systems and programming languages.
Why developer's should seriously look into building a metagraph:
@Conste11ation $DAG choice to use Java Scala as its programming language offers several advantages.
The language's simplicity allows for easy integration into existing infrastructure and systems, and with over 8 million Java developers worldwide, it provides access to a large pool of talent.
Scala is statically typed, combining object-oriented and functional programming in a concise, high-level language.