Price (USD)$ 0.0836
Circulating SupplyDAG 2.59005B
Volume (24h)$ 686.811K
Market Cap$ 216.36747M
Low/High 24h$ 0.0802 - $ 0.0847
Change (24h)$ 0.002629
Constellation is a project whose goal is to provide secure big data processing by offering the ability to connect external datasets using APIs that integrate directly into applications. This project has its internal cryptocurrency called a DAG coin.
The fundamental problem with blockchain is the slow processing of transactions. This is because the transaction block itself, being the primary element of cryptocurrency functioning, is a large data structure, the processing of which takes quite a long time.
DAG coins win in speed because the primary element of their functioning is made directly a separate transaction. Thousands of transactions per second are provided, which is more promising and user-friendly.
The mechanism of multiple confirmations of transactions allows you to increase the reliability of payments. This is achieved through direct and indirect confirmations.
Constellation uses the Proof-of-Meme protocol, allowing individual users to facilitate and monitor network improvements. To do this, they use the processing power of their devices. This algorithm rewards those who improve the overall reputation of a node in the system.
There is a maximum of 3.67 billion Constellation crypto coins. It's impossible to create more tokens. Node rewards are capped at a maximum of 1.6B. Rewards are minted according to the underlying rewards technologies until the cap is reached.
The Constellation team offers a user-friendly Stargazer Wallet for holding DAG coins. It's non-custodial, and only you can access your private key and seed phrase if they are securely stored. This wallet also allows you to transfer your tokens quickly thanks to your unique QR code. You can always keep track of your transactions.
But the wallet is constantly being improved. The team is going to provide cross-chain compatibility with the Ethereum Network and allow you to import an individual address via your private key, which is helpful if you have multiple accounts.
But Constellation is not only a secure cryptocurrency. It's also Hypercube, the Project Submissions program launched in May 2021. It allows international developers to build on Constellation's Hypergraph using a DAG architecture. And during the first session, over 50 submissions were sent.
With Hypercube, users can access lots of multifunctional tools. For example, with the Minting Tool, they can deploy their own cryptocurrency configured to the economic rules and governance of their choice. A user just needs to select the token type, and Hypercube will help create Token Economics and learn everything for meeting legal requirements for protection and compliance.
Constellation is becoming more secure and useful. Its developers are aimed at making this project helpful for transferring complex data types across networks. The team also works on its own Lattice Exchange, which needed to create more transparency in DeFi and robust trading solutions.
All this improves this project, making the DAG cryptocurrency attractive for long-term investments. DigitalCoinPrice experts agree with that saying that DAG price will get over $0.4687 at the end of 2021. A TradingBeasts team also has a positive DAG coin price prediction, thinking that it will reach $0.4596 by the same time.
Constellation coin price today is 0.0836 USD.
All in all, Constellation is a profitable project whose team has set itself a gigantic task. The developers' primary goal is to create a secure consensus and solve the problem of scalability and centralization of existing blockchains. This technology can provide unlimited scalability and increased network capacity. And if the project owners achieve their goals, the DAG crypto token will help you make a profit in the long run.
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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.