2020 has been a year to remember, and not in a good way. A global pandemic came out of nowhere and shocked the whole world. People were stuck, the economy shuddered and even the cryptocurrency industry felt the wave of panic.
But there’s no point dwelling on the bad things. A lot of good progress has been made so far in 2020, and today we’re specifically looking at what Constellation has achieved in the last six months.
Constellation in a nutshell
Constellation is a blockchain designed to handle Big Data with extreme scalability, low transaction costs, easy integration, and top tier security. $DAG is the native token that fuels the ecosystem.
By using Constellation companies would be able to handle massive datasets in a secure, efficient and cost-effective manner. Constellation has a number of impressive partnerships including the United States Air Force (USAF), Chainlink, Quant, and many others int he Fortune 500 and Academia. Let’s take a look at what they’ve been up to so far this year.
Constellations mainnet, known as Hypergraph, launched at the end of April – a huge milestone for the company and the progress of Big Data. Constellation launched their mainnet with the aim of revolutionising big data and machine learning.
The transaction speeds are really fast, you can witness it yourself with the Molly wallet or this video:
With the precedent of being able to validate complex data types the DAG Hypergraph is a groundbreaking new Mainnet on the market.
DAG Token Updates
With the mainnet launch prompting a token swap and a number of new partnerships in the first half of 2020 a good amount of DAG tokens have been burnt – causing the supply to drop from 4 billion to 3.5 billion. Furthermore, all advisor and presale tokens are distributed now, which slows the circulating supply growth.
Constellation is a tech-heavy crypto project and they make it work. Back in February Constellation’s Chief Technology Officer Wyatt Meldman-Floch shared an exciting technology update with us.
In this update Wyatt revealed Constellations new tech to achieve ultimate scalability – horizontally scaling. It essentially means scalability is proportional to the number of nodes and the blocksize, a huge milestone achievement for the network.
Molly wallet beta launch
Molly is a crypto wallet aiming to set new standards in the blockchain industry. It’s designed to improve user experience and ensure there is mass commercialization and adoption of cryptocurrency in all forms of business. The company aims to ensure that Molly is the go-to place for Constellation and any $DAG related data.
There are big plans for the wallet interface, including making an interface where you can manage data rights. You can learn more about the Molly Wallet and try it here.
Exclusive interview with the National Science Foundation
CEO of Constellation Ben Jorgensen had the privilege of interviewing Doug Maughan, the Office Head for the Convergence Accelerator at the National Science Foundation (NSF). Doug has an extensive history of working with the Federal Government with a tenure of more than 32 years.
The interview gave an excellent insight into how the Convergence Accelerator funds and spurs technological innovation and a sneak peak into the future of blockchain and Constellation within the Convergence Accelerator.
Joined MouseBelt Blockchain Education Alliance
Mousebelt is a full service blockchain accelerator that aims to support emerging projects and industry leads with funding, development, growth, and real-world adoption.
Constellation joined an impressive group of crypto projects in the Blockchain Education Alliance, which is a program dedicated to educating university students about the potential of technology and blockchain.
Blockfyre report updated
Blockfyre, the cryptocurrency analysis firm, updated their Constellation report towards the start of the year to factor in a number of large-scale changes since the first iteration of the report.
In the latest version Constellation scored a favourable 52/63 – resulting in the Blockfyre team stating that Constellation could be a promising long term investment. All in all, the report is an excellent source of truth that contains an excellent summary of what Constellation is trying to achieve and the fundamental strengths of the company.
Tool ecosystem expanding
Over the last six months the available tooling for the Constellation ecosystem has grown, and some of the efforts have been completely community driven!
That’s one of the great parts about Constellation is their passionate, engaged community. They have passionate fans that consistently contribute to the DAG ecosystem. Here are a few awesome new tools:
The Daily Chain
*This article has been sponsored. The Daily Chain encourages you to carry out your own research before you make any form of investment and educate yourself about how to stay safe in the crypto space.