On April 28, 2020, Constellation announced their plan to run an Advanced node on COTI’s Staking 2.0 Platform starting from May, a move that will help COTI’s network to approve transactions.
The partnership will compensate Constellation with a per-transaction fee while helping COTI to further decentralize their network in the future by adding more nodes, including Trustcore nodes, History nodes, and Double nodes (DSP).
COTI’s introduced their Staking 2.0 in March 2020 and has been launched this May 2020. It is projected to allow increased staking volume from the current 500k to 5MCOTI. The two staking nodes are community and advanced nodes.
The news comes a day before Constellation’s Hypergraph mainnet launch, which was announced a week ago, and which is expected to be a pivotal moment in Constellation’s history.
Constellation and COTI Are Taking Their Technological Collaboration into the Future
In the official announcement, COTI recognized Constellation’s support in their developments, including their 2019 private token sale as well as founding the Scalable Protocol Alliance together.
“We are happy to have like-minded partners in the space that support the same goals as COTI does, gaining enterprise adoption of DAG-based scalable solutions.”
Constellation’s COO Mathias Goldman also stated:
“We initiated the SPA (Scalable Protocol Alliance) back in early 2019, and now we have come to deeper collaboration and integration beyond strategic positioning.”
Earlier this week, COTI announced the official opening of the main registration to the Staking 2.0 program. This followed an overwhelming community interest in their KuCoin’s COTI staking program, which increased demand for the staking 2.0 program.
Constellation’s Hypergraph Mainnet launch will also feature a freeze of up to 48 hours on all KuCoin trading activity, followed by a Constellation AMA hosting with KuCoin on May 7.
What’s the Partnership’s Role in the Scalable Protocol Alliance?
COTI is the first fintech platform for enterprises to create its own payment solution and save time and money by digitizing any currency. Constellation uses the $DAG token to facilitate fast, scalable, and seamless data exchange solutions for organizations.
Together with other blockchain developers, the two startups started the SPA to further streamline and expand the potential of the blockchain technology as well as application areas.
The Scalable Protocol Alliance was launched in January 2020 as a collaboration between many blockchain protocols with the aim of building the next generation of Distributed Ledger Technology (DLT). The key focus being on interoperability and cross-chain integration.
“Each member of the SPA wants to expedite the adoption of DLT and blockchain tech by working together to flesh out proof or concepts, shared application development, and combining developer and marketing resources.”