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Constellation
More Detail
$0
+10.01%
Total dollar volume24H
$4,082,536
High24H
0.03997 USDT
Low24H
0.034 USDT
Market Cap
#292$109,748,065
FDV
$136,533,000
Market Cap / FDV Ratio
0.80
Turnover rate
3.72%
Circulating supply
2,853,563,842
Total supply
3,550,000,000
Max supply
∞
All time high
0.21208 USDT
All time high date
Mar 31, 2022
Down from All time high
-81.87%
Cycle low
0.0195 USDT
Cycle low date
Aug 05, 2024
Up from cycle low
97.23%
Official links
Website
White paper
Socials
Twitter
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Reddit
Introduction

Constellation Network is a decentralized protocol that utilizes a Directed Acyclic Graph (DAG) architecture to achieve consensus, aiming to provide theoretically unlimited scalability. This design allows for the seamless integration of various data sources into Distributed Ledger Technology (DLT), thereby enhancing the functionality of smart contracts. By employing a serverless consensus mechanism, Constellation facilitates the processing of large data volumes with maximum scalability, straightforward integration, low transaction costs, and high security.

To address the persistent scalability challenges in the blockchain sector, Constellation introduces a unique consensus model known as Proof of Reputable Observation (PRO). This reputation-based system rewards and selects nodes based on their historical performance and reliability, ensuring that only reputable nodes participate in the consensus process. This approach enhances the network's security and efficiency by leveraging the trustworthiness of its participants.

Within the Constellation ecosystem, smart contracts operate on the Java Virtual Machine (JVM), offering functionalities comparable to those on the Ethereum blockchain. This compatibility enables developers to create and deploy decentralized applications (dApps) with ease, utilizing existing Java tools and libraries. By combining the scalability of the DAG architecture with the flexibility of JVM-based smart contracts, Constellation provides a robust platform for developing scalable and secure blockchain solutions.

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