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Constellation Network: Fundamental Analysis
With time, computing is moving increasingly to the edge, accelerating scalability and security issues. In such times, there is a greater need for a platform that provides a secure and scalable solution for moving towards a more connective and more centralized world.
One such protocol is Constellation Network that addresses digital threat vectors and other gaps in the ecosystem.
What is Constellation Network?
The Constellation Network is a data validator powered by a secure communication protocol that provides cybersecurity for big data. The network is a collection of microservices called “State Channels” which form distributed network architecture to validate specific data types. Each state channel has user-defined validation functions that can accommodate real-world big data use cases. State channels can be directly integrated into existing applications while providing direct E2E security and a minimal seamless deployment.
Constellation Network is the first truly decentralized, secure, and infinitely scalable DAG protocol that provides a scalable distributed network to validate data for enterprise and public sector clients. Moreover, the network provides an enterprise-grade software solution for data integrity.
All in all, Constellation Network is a secure, scalable, cost-effective, and easy to integrate solution incorporating machine learning to balance the complex network topology.
What Does Constellation Network Offer?
Partnered with enterprise companies, technology PR firms, and crypto advisory firms, the Constellation Network provides a platform to enable secure data transfer and interoperability for connected sensors and devices. It is the ultimate solution for a world with more connectivity, more security, and more concentrated risk.
Provides cryptographical security:
Constellation Network uses a software infrastructure tool that provides security to big data pipelines while removing the financial and organizational costs of insecure data pipelines. The network stores transactional records in a graph of cryptographic key signatures that simultaneously validates your data. Moreover, Constellation allows early visibility of downstream issues to data management teams which prevent bad logic across automated systems.
Offers advanced consensus model:
The Network owns an advanced consensus model that unlike other existing models boasts concurrency and elasticity. Constellation Network aims to provide these main requirements for large-scale data processing by using its Proof-of-Reputable Observations which is a P2P performance and reputation-based consensus.
Simplicity:
Constellation provides a simple application interface design that is easy to integrate with existing systems and applications. The protocol uses VM-powered microservice framework which is user-friendly and enables an effortless plug-and-play functionality.
Provides scalability and speed:
One of the major things that Constellation Network offers is increased scalability and speed of the transactions. At Constellation, over 2.5 quintillion bytes of data are created daily to accommodate the emerging needs of the data industry. The network's design is horizontally scalable which means speed increases with network size.
Constellation Network Tokenomics
Constellation Network is a totally decentralized distributed system that is designed using a directed acyclic graph. The network has 60 foundational nodes that are built using the same graph with concurrent consensus mechanisms running.
$DAG is the cryptocurrency to build a DAO and a community-supported network, and much more.
The DAG Token:
$DAG is the native and financial state channel of the Constellation Network that binds the components of the network together and allows the seamless interaction between the various state channels and nodes. Let's see the token utilities in detail.
Token utilities:
$DAG has many utilities in the ecosystem. Being a representative of tokenized bandwidth, the $DAG token allows transactions above the rate limit and the attribution of value to data. Furthermore, it also compliantly monetizes the data streams between businesses.
Whether it is a single package of data or an entire data stream traded in real-time, $DAG allows the attribution of value to data by enabling the decentralized data marketplace for the data economy. In addition to these, DAG also plays a couple of roles in the Constellation Network:
Validator rewards are earned by Nodes in the form of DAG.
DAG Token is also used to secure throughput on the Constellation Network.
DAG is used for programmatic data exchange, i.e, to purchase validated data sets on the Constellation network.
The vision of DAG Token is to become a network for exchanging the data commodities of the future. For this purpose, DAG allows for the tokenization of data packages.
Constellation Network Partnerships
Constellation Network has built a very impressive list of partners while recently migrating to its mainnet. Among many partners, some of them are United States Air Force (USAF), Chainlink, Splunk, Decisive Point, Dcode, Quant, MongoDB, and Mousebelt/BEA.
The United States Air Force:
The USAF has partnered with Constellation Network and uses its technology to securely unlock traditionally siloed and non-accessible data. Nevertheless, it is a secure approach to Big Data processing and is commonly referred to as Multi-Domain Command and Control (MDC2).
Constellation Network provides security to USAF data pipelines, with encryption while creating audit trails of the status of any data source.
MOBI:
MOBI works in association with Constellation technology to promote standards and accelerate the adoption of the network. The purpose is to benefit the industry, consumers, and communities while exploring Blockchain and related technologies.
MongoDB:
MongoDB and Constellation are working together to build a security layer within MongoDB itself. This is a multi-phase partnership and currently, Constellation is in the first phase. The phase involves Constellation presenting MongoDB to the clients as a suite of data management tools comprising of Constellation technology.
Splunk:
Constellation Network and Splunk share a Technological Alliance. Splunk is a tech giant based in San Francisco that software for monitoring, searching, and analyzing data via a Web-style interface.
The Takeaway:
According to the official statements from the Constellation team, new projects, partners, and technical white papers will be introduced in 2021. Furthermore, the platform aims to introduce more responsibility to Stardust Collective to enhance the investment for future projects to be built on Constellation.
As the world is getting more and more digital, it can be safely said that Constellation Network will flourish during this time and the time to come. This is the most fascinating and technologically groundbreaking time the world has ever seen and Constellation Network intends to leave a mark.