Constellation is a distributed network designed to enable fast, scalable handling of data processing and transfer. It aims to be secure and interoperable for the sensors and devices connected to it. The team is based in San Francisco, and its mission describes the project as a solution to “major interoperability issues between data-generating systems”.

The DAG token serves as the network’s native token. It functions as a utility asset intended to support smooth exchange across the different channels and nodes that make up the network.  Hypergraph, HGTP, is Constellation’s decentralized network. In that role, the DAG Token follows the HGTP L0 token standard-the first such standard introduced in the blockchain space.

What are Constellation’s key features and how does it work?

The Constellation Network’s architecture is central to how the platform operates. It is built around a directed acyclic graph, focusing on high throughput and supporting growth through the addition of microservices over time. For instance, the design makes it straightforward and flexible to introduce application- or task-specific hybrid nodes in the future. 

The network is composed of connected decentralized nodes that, together, provide the network’s consensus mechanism: Proof of Reputable Observation (PRO). Nodes earn DAG rewards according to their PRO score. That score is influenced by factors such as how long the node has been on the network, validation consistency, and observed behavior. 

More specifically, the Constellation HGTP Network includes DAG nodes, state channel nodes, and “hybrid” nodes. Hybrid nodes manage consensus across multiple state channels and DAG.

A state channel can validate particular data types using validation functions defined by users. These state channels can also share, or “license,” their data with Constellation accounts. They do so by granting rights through payments in $DAG, or by allowing participation as a node operator and receiving a corresponding allowance tied to validation activity. State channels can be incorporated directly into existing applications, helping keep deployment friction low.

Through Hybrid nodes, direct license exchanges can be carried out using atomic commits. In practice, Hybrid nodes support cross-chain liquidity

What is noteworthy about Constellation?

Constellation introduced its own L0 standard that lets anyone build a blockchain-based business on top of HGTP. Using Hypercube, developers can validate data schemas and sources, mint their own cryptocurrency, and add business logic and metrics to their L0.

What can DAG be used for?

For Constellation, the DAG token’s primary job is to act as the network’s native medium of exchange and forms the foundation for all economic activity. Alongside utility as a store of value, it also provides tokenized throughput-essentially bandwidth-within the network. Users can access basic rate-limited functionality at no cost, enabling single transactions for on-off P2P payments. 

For actions that require heavier data processing or data exchange volumes, more throughput is needed. Users can obtain this by using DAG for micropayments, or by operating a node and contributing resources to the network.

DAG encourages participation by rewarding users for network activity, helping them contribute to and maintain the HGTP ecosystem.

Where can you buy DAG?

DAG can be traded on the CEXs and DEXs listed here. The most popular venues with the highest liquidity are KuCoin and Gate.io. DAG’s price will differ based on the exchange selected and broader market conditions. For current and historical market price information for DAG, consult the price charts on this page.