World’s financial system must change and evolve across time and across technological, industrial and economical changes are taken place. Different types of financial systems have been stablished during last century like commodity money, gold standard, flexible Exchange rates, fiat money. Since 2008 after suffering the financial crisis of 2007-2008, Bitcoin and his P2P network opened new possibilities and two words, actually well known worlwide: Cryptocurrency and Blockchain. Bitcoin and his own blockchain, work as a P2P network (peer-to-peer network), where there is no goverment, bank or institution under the control of transactions and cryptocurrencies; so we have a decentralized network, with cryptocurrencies (internet coins that accomplish, store of value and unit of account), where the transactions are verified by nodes through cryptography and all of them are recorded in a public distributed ledger.
Instead of classical verifications by Banks or institutions, in blockchains (many of them) there are miners, people who solve math problems through cryptography and use their own specific CPU to verificate the transaction and add it to a “block” with more transactions alphabetically ordered; where it is not posible to double-spending the amount of the transaction. Privacity, faster transactions, free taxes are some more benefits from the next (and actual) revolutionary technology.
This paper is written, supossing some ideas about crypto and understanding this introduction. The main aim of the paper is to explain the potential of the Constellation Network.
Constellation network is improving blockchains, its properties and providing solutions for the biggest drawback in blockchain: scalability (capacity for increase transactions and its speed while the use of that blockchain is growing), taxes, and DApps (decentralized apps). As they defines itself, Constellation is an open source platform, not in Ethereum network, where u can create a blockchain, cryptocurrency or decentralized application. In other words, a platform that contains different digital tools/network supplies, connected beetwen them as an interoperable system. Constellation offers a powerful network with high scalability, preparing it for a huge adoption in the future, also, this network and their nodes can be used with no restrictions with other blockchains. The nodes can doublé-sign transactions and broadcast them online, allowing the use of any device with any additional taxes (nor for the use of the blockchain). Constellation offers a reputation-incentive model for their roots and mining labors.
Hypercube, is one of the tools (networks) that, Constellation, offers in his ecosystem, that allows any business to créate his own blockchain technology using the State Channel Builder, with simples tasks like selecting hosting provider, data types and token strategy. Hypercube also offers a minting tool, for deploying concrete cryptocurrency (utility token, stable coin, nft or governance token) with own economic and governance rules. Hypercube, allows both personal and companies to develop their work and necesities on his network.
Hypergraph, is a distributed ledger technology that hosts DAG cryptocurrency. The network is base in a consensus model called Proof of reputable Observation (PRO), that allows to get an scalability and interoperability non seen in the market before. This is the fact that makes Constellation Network a total revolutionary technology.
Constellation aim to be the standard of Federal Government in how they send data and secure them. Through secure interoperability, anti spoofing, data validation and data logistics. By using decentralized networks instead of private blockchain, Federal Goverment can gets more security, more scalability and less costs by using Hypercube nodes validation.
Constellation Hypergraph Network has a wallet for holding and transactig $DAG, called Stargazer Wallet. This wallet is available now for Google Chrome but not available with Ethereum Network yet. Molly Wallet, is another wallet created for digital commerce, and the future application of blockchain worlwide.
The prize of Constellations native cryptocurrency, $DAG, on January 2021, was 0,007 $ (average), today, on Saturday the 10th of July 2021, the prize has grown 1857% to 0,13$. This rise on the prize has been motivated by the launch of Lattice Exchange, that uses Hypergraph network and offers no comissions and scalability. Like i have said before, United States Federal Government Works with Constellation, also big enterprises like Amazon, ChainLink, Twitter and Telegram work with them and their tools. (CoinMarketCap)
Actual market capitalization of $DAG, is 168 216 752$. Market cap has grown up since January (8 567 490 $) 2021, 1680% (CoinMarketCap). Today’s volume (24h) is 5 074 560$, more than a half of the market cap early this year. Constellation proyect and all of networks hosted in them and all the tools it provides, have an exciting future and we will see how Constellation gives the opportunity wolrdwide to access blockchain system.
