What Is Constellation (DAG) and How to Buy DAG with BTC?
The Constellation Network is a decentralized ecosystem designed to help developers build seamless and secure communications via a microservice architecture used to define the data types certified by the Constellation Network.
With the aid of the Hypergraph Distributed network, the Constellation Network is capable of swift, trustless, and scalable solutions to enhance data assurance and integrity. In addition, it makes use of the Decentralized Acyclic Graph (DAG) framework, concurrent consensus, and mathematical puzzles for the organization of the network’s security and speed.
What is Constellation?
The goal of the Constellation network is to provide quality and high-end cybersecurity for enormous data along with a secure and scalable decentralized network, which carries out data validations for the public sector and organizational clients. It claims to be the first of its kind – a truly decentralized and infinitely scalable DAG network.
It is Hypergraph’s role to rectify any digital threat actors inclined to big data initiatives, the Internet of Things, and data movement. Another function of the Hypergraph is to maintain an infrastructure for an open decentralized data marketplace. The Hypergraph also provides an industry-grade software solution for data attribution and integrity. With these upgrades, you can be assured of a secure, easy to integrate, scalable, and cost-effective platform.
Furthermore, the software infrastructure tool aids in the elimination of the organizational and financial costs of bad and insecure data. In doing so, it offers tamper-proof and secure audit tracking that concurrently carries out data validation and notifies data management teams of issues further downstream.
What is DAG?
The Constellation network is powered by its native cryptocurrency “DAG”, with a total supply of 3 550 000 000 and a circulating supply of 2.46B DAG according to CoinGecko. The Constellation network launched in 2017. There was a private token sale of 756 million Constellation DAG coins that raised a total of $35.2 million. The private sale was 18.9% of the initial max supply of 4,000,000,000 DAG. About 288 million coins allocated to the founders were burned as a goodwill gesture toward the community and the project, reducing the max supply to 3.71 billion Constellation coins (DAG).
The Constellation coin (DAG) was developed as an ERC-20 token to make it easily accessible. Now, the DAG crypto has moved to its own mainnet and is no longer an ERC-20. DAG represents the Constellation network’s financial instrument as it facilitates the effortless exchange and communication between the various nodes and state channels that are in the DAG network. DAG ensures the components of the network remain connected with each other.
It’s easy to purchase DAG coins from cryptocurrency exchange platforms such as Swapzone. However, traders or investors must keep in mind that some services still have DAG ERC-20 tokens listed. Hence, to avoid mistakes when exchanging, it is better to make sure the version listed is the mainnet token.
With Constellation crypto, value can be easily bonded to data and it doesn’t matter if it’s an individual data sample or a bundle of data traded in real-time per event. It creates a data economy through a decentralized marketplace for data. This offers data priority for corporate users or individuals looking to monetize their data in a compliant and secured environment.
How DAG coin works?
An economic value is defined as the ability of a currency to perform transactions within an economy whilst retaining resemblance to the exchange. For instance, USD is widely accepted as a fiat currency across global economies as a value exchange.
Transfer of USD beyond mere value exchange for a service or product holds no transaction fees attached to it. In other cases, a product or service offered in between the value exchange requires transaction fees e.g. using a credit card to process a transaction.
In Constellation’s digital economy, the Constellation coin is the utility provider. So, the DAG coin is not a security but a utility provider that links all the economies that are present on the Constellation network resulting in a generative network effect on the price of the L_0 tokens. As a result, the value of the Constellation network grows.
To develop an L_0 token or state channel, it is required of you to acquire DAG or release a node that receives rewards for network maintenance and consensus participation. DAG represents the main consensus layer in the network while state channels are applications built using DAG. Most importantly, the consensus cannot run without DAG. This means taking DAG away will result in removing the consensus layer.
Advantages of DAG
Constellation aims to bridge real-world data with the aid of blockchain using state channels (L_0 standard). Everyone is allowed to build business mechanics and rewards on a blockchain with Constellation’s L_0 standard.
Thanks to the Constellation network and Hypergraph as well as the transportation protocol (HGTP), speed, security, and L_0 consensus are provided with no base layer fees. Lots of opportunities are also provided for anyone willing to develop a productive business that draws in value from the Constellation ecosystem. This was made possible via the creation of state channels with advanced programmable business logic and feeless P2P networks.
DAG uses the exact transactions the users execute to confirm each other’s transactions. In other words, DAG can be described as a distributed peer-confirming system at scale. An increase in new transactions means an increase in available transactions to confirm previous transactions. This translates to enhanced scalability on the network.
Constellation Network Partners
Another notable accomplishment of the Constellation network is the growing list of ecosystem partners like Amazon web services and the United States Air Force. It has gone further to make sector-related partnership deals with KuCoin exchange and ChainLink.
Its recently announced deal with Liechtenstein Cryptoassets Exchange shows the determination of the Constellation ecosystem and desire for growth. The announced partnership includes supporting the listing of DAG coins along with future tokens created via the DAG network’s L_0 token standard.
- United States Air Force
With the aid of Constellation tech, traditionally sealed and non-accessible data can be unlocked securely. It is known as the Multi-Domain Command and Control (MDC2) at the United States Air force.
Constellation aims at helping to elevate USAF’s present capabilities by laying emphasis on flexible interoperability of future and legacy data types. This is because the multi-domain, cross-service stakeholders are disconnected, complicated, and distributed with the data created by individual domains either non-accessible or require an enormous workforce to handle data collection, forensics, and planning.
Constellation and Quant plan to operate together to create strong security for IoT. The paper about this integration – “The Internet for Automation with IoT and Edge devices” – highlights both networks’ aim at bringing blockchain commercialization to a new level by building production-ready digital systems.
The enhanced interoperability of data between systems and devices makes a solid foundation for use cases such as smart cities. These types of cities are allowed to use IoT for the development and connection of digital ecosystems. This process also yields many benefits like enhanced energy distribution and improved air quality, connected or smart cars, and effective waste collection.
Over the years, the development of the connected City has been funded with billions of dollars of investment. However, progress seen can’t be equated to its investment due to the lack of interoperable, secure, powerful, and flexible technology. This kind of technology is required to interconnect the many blockchain technologies that are currently in use. Constellation’s partnership with Quant is said to overcome this obstacle.
ChainLink Oracle network partnership with Constellation focuses on big data solutions from Constellation to provide scalable real-world and streaming data to the blockchain network. Constellation integration with ChainLink ensures data and blockchain services are provided while validating streaming data for the ChainLink ecosystem as a node operator on the ChainLink network. With Constellation’s Blockchain for Big Data initiative, the company has been able to provide data infrastructure tools for developers, which allow interoperability between cloud and legacy data systems.
Constellation Price Prediction
Going to the Constellation DAG price prediction, Walletinvestor is predicting the Constellation coin to increase in price from the current price to $0.493 in just a year. That is a +160.78% earning potential. By 2026, the Constellation price prediction shows DAG could reach $1.748.
According to GOV Capital, the Constellation DAG price prediction is $0.322 after one year to give investors an earning potential of 69.669%.
Similarly, the Digital Coin Price forecasts the Constellation coin to reach $0.352 after one year and that is roughly double the current price of the Constellation DAG coin of $0.216 as of October 13, 2021.
However, these predictions have a little outdated perspective due to the rapid development path of Constellation, the one-year estimate is not that far and can easily become a reality faster. Given the upcoming launches, the expectation of hitting 1$+ is rather realistic.
How to buy Constellation (DAG) with Bitcoin (BTC) on Swapzone?
You can buy Constellation coin DAG on Swapzone, which is a Constellation DAG exchange aggregator for the best DAG coin rates in the market. Wondering how to buy Constellation with Bitcoin? Follow this simple guide below:
Step 1. Launch Swapzone on your browser.
Step 2. In the “select pair” tab pick the kind of cryptocurrency and amount you wish to exchange.
Step 3. In the “get up to” section, pick the Constellation DAG token.
Step 4. You will see different DAG coin exchange rate offers from different exchanges.
Step 5. Filter through the different exchange offers by price or transaction time.
Step 6. Once you locate an offer that you want, simply select the offer by clicking on “exchange”.
Step 7. Enter your correct wallet details and then click on “proceed to exchange”.
Step 8. Wait for the transaction to complete.
Step 9. Once the transaction finalizes, you will receive the DAG coins in your wallet. Please, rate the experience and leave behind an honest review.
If you want to visualize the exchange process, check out this comprehensive video guide we made for you:)