Constellation DAG

1. Summary

Ranks

Liquidity

92

Developer

-

Social

92

Momentum (beta)

45

Stack Rank™

-

Price

$0.03 +2.3%

Market Cap

$90.23M (#423)

Supply

3.03B / 3.55B

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Price
52W High price	$0.09
52W High date	13th Mar 2024 (4 months ago)
All Time High (ATH) Date	25th Aug 2021 (2 years ago)
ATH Price	$0.45
% From ATH	-91.12%
All Time Low (ATL) Date	9th Mar 2019 (5 years ago)
ATL Price	$0.001101890000
% From ATL	3539.01%

Supply & Trading Volume
Trading Volume (24h)	$1.47M
Total Supply	3.55B
Circulating Supply	3.03B

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Description

Constellation is a distributed system that employs a Directed Acyclic Graph (DAG) architecture. Unlike traditional blockchains, such as Bitcoin and Ethereum, which are structured as a chain of blocks, Coordinate uses a DAG framework to process transactions. The system operates like a potluck where each node added to the network brings resources, en...

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Constellation is a distributed system that employs a Directed Acyclic Graph (DAG) architecture. Unlike traditional blockchains, such as Bitcoin and Ethereum, which are structured as a chain of blocks, Coordinate uses a DAG framework to process transactions. The system operates like a potluck where each node added to the network brings resources, enhancing its scalability.

What is DAG?

A DAG is a type of data structure used for data modeling and consensus mechanisms in cryptocurrencies. Unlike blockchains, which consist of blocks, DAGs record transactions as vertices, and each transaction is linked to others without creating a cycle. This structure enables processing transactions faster and at a lower cost.

How does DAG work?

DAGs function by adding transactions as vertices to a graph. Each transaction is linked to other transactions, forming a non-cyclic network. This structure allows for faster transaction speeds and does not require mining, which reduces energy consumption and eliminates the need for mining equipment. The usability of DAGs can be seen in applications such as high-volume transactions and microtransactions.

Comparison with Blockchain

DAGs are often compared to blockchains as alternative solutions for decentralized ledger technologies. Both record transactions on a distributed ledger, but DAGs differ in their structure and operation. DAGs do not use blocks and instead utilize vertices connected by edges, which allow for simultaneous transaction processing without mining requirements.

Microservices

Microservices are an approach to application development where a large application is broken down into a suite of modular services. Each module supports specific business goals and communicates with other services through a simple, well-defined interface. This approach is used in applications such as Uber.

Constellation as a Non-Blockchain

Although inspired by decentralization principles, Constellation does not adhere to traditional blockchain structures. It uses DAG technology to meet its scalability and usability goals more effectively.

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