Overview

Constellation is a DAG protocol that runs smart contracts as microservices.

Project stage

Prototype

Detailed description

Constellation Labs aim to compete in the next generation of network, post what we know as blockchain now – the DAG era. Constellation is a fault-resistant, horizontally scalable, distributed operating system that runs smart contracts as microservices, all built utilizing JVM for its programming language and DAG architecture.

Constellation presents a reformulation of cryptographically secure consensus into a modern server-less architecture and sets out to solve the scalability and “centralization” of current blockchains.

This design technique allows unlimited scalability and increased throughput for the network. The reformulation of consensus into server-less architecture aims to solve the scalability problem to allow mainstream applications to adopt blockchain technology.

Problem

Despite the goal of decentralization, cryptocurrencies are operated and secured by increasingly centralized networks and mining organizations that control the security of the network. With the rise of post Bitcoin networks such as Ethereum, the initial goal of processing financial transactions has been expanded to provide trustless distributed computation by way of the EVM and its smart contract system of logic.

While diverse and creative implementations of these distributed protocols exist, they are soiled from existing mainstream software and as such there is a high barrier to entry. It is highly costly and time-intensive for enterprises to develop, deploy, and maintain robust distributed applications using unfamiliar coding languages and design patterns.

Additionally, scaling such an application to the performance demands of even a modest enterprise use-case is practically impossible on top of current state-of-the-art public blockchains. To overcome these technical challenges blockchain technology requires a self-sustaining protocol that functions as a horizontally scalable, cost effective, and efficient distributed operating system.

Bitcoin was created to solve the problem of distributed consensus for financial transactions, but relied upon the energy intensive consensus process known as proof of work. This pools vertical computational power from a select few individuals with well-developed and hence centralized computing power. This puts network security and rewards into the hands of the same select few. As scaling debates have escalated within these cabals it has led to the creation of several Bitcoin forks such as Bitcoin Cash and Bitcoin Gold.

These separate political factions are highly divisive and damaging to the ecosystem. Antiquated throughput requirements (i.e. capped 1MB block size) combined with a time intensive algorithm has caused transaction times and transaction fees to skyrocket. Ethereum uses a similar but ASIC-resistant proof-of-work consensus algorithm and is moving to a proof-of-stake consensus mechanism, Casper. 

With proof-of-stake there is a democratic imbalance where those with the most money get to choose the state of the network through consensus. Ethereum pioneered the use of smart contracts, however due to their synchronous execution, consumer ready distributed applications are severely bottle necked.

Solution

The blockchain development community has been looking for new implementations of distributed ledger technology to solve the scalability issue and has so far failed to solve this. The problem still remains: how can we process more transactions and perform more services in less time with less cost?

Constellation Labs proposes a horizontal scaling approach that applies techniques similar to MapReduce. Horizontal scalability is the application of concurrent programming; it means that as users join the network, transaction throughput increases. MapReduce is a process of breaking computation into simple operations that can be fed into an asynchronous DAG (directed cyclic graph) of computation, thereby increasing the efficiency of an already concurrent program.

Features

Horizontally scalable
Throughput increases linearly with the number of nodes. Fast transactions: Transactions are faster than Bitcoin or Ethereum by a factor of 1000.

No transaction fees
Reputation based incentives eliminate transaction fees. Truly decentralized: Every participant can contribute to consensus.

Mobile compatible
Run a full node on your mobile device.

Smart contracts as micro services
Easily integrate Constellation into existing applications.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : $DAG
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 33,700,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :4,000,000,000 $DAG
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :730,124,835 $DAG
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    Jun 18, 2018

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Founders: 4 years, 25% vest 12 months from start date, remaining 25% released in equal monthly installments thereafter.
          • Partners & Advisors: 2 years lockup. 25% released on 12/1/2018, remaining 75% released in equal monthly installments thereafter.
          • Foundation Tokens: 4-year vesting schedule with 6 month cliff
          • Validator Rewards: 10-years lockup
          • Private Sale: Tokens issued at a discount will be locked up until 12/1/18.

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    6th AirDrop — Soon
    11 Dec 00:00 UTC
    NA No - Uncapped 1,250 $DAG
    5th AirDrop — Soon
    13 Nov 00:00 UTC
    NA No - Uncapped 1,250 $DAG
    4th AirDrop — Soon
    16 Oct 00:00 UTC
    NA No - Uncapped 1,250 $DAG
    3rd AirDrop — Soon
    18 Sep 00:00 UTC
    NA No - Uncapped 1,250 $DAG
    2nd AirDrop — Active
    14 Aug 00:00 UTC
    NA No - Uncapped 1,250 $DAG
    1st AirDrop — Ended
    07 Jul 00:00 UTC
    24 Jul 00:00 UTC
    NA No - Uncapped 1,250 $DAG
    Private Sale — Ended
    01 Jan 00:00 UTC
    31 Jan 00:00 UTC
    NA No - Uncapped 33,700,000 USD
    • Team

      • Brendan  Playford photo
        Brendan Playford
        CEO
      • Wyatt  Meldman-Floch photo
        Wyatt Meldman-Floch
        CTO
      • Benjamin  Jorgensen photo
        Benjamin Jorgensen
        COO
      • Altif  Brown photo
        Altif Brown
        CCO
      • Emily  Arth photo
        Emily Arth
        VP of Operations
      • Zac  Russell photo
        Zac Russell
        Head of Marketing
      • Brion  Hickey photo
        Brion Hickey
        VP of Product
      • Ryle  Goehausen photo
        Ryle Goehausen
        VP of Engineering
      • Preston Parris photo
        Preston Parris
        Engineer / Distributed Systems
      • Ratul Saha photo
        Ratul Saha
        Statistical Model Checking
      • Michael Salmon photo
        Michael Salmon
        VP of Product Engineering
      • Cate Rung photo
        Cate Rung
        Chief of Staff
    • Advisors

      • Darius Rugevicius
      • Tom Graham
      • Alex Yamashita
      • Jake Vartanian
        Blockchain Advisor
      • Benjamin Diggles
        Business Development Advisor
      • Mathias Goldman

    Roadmap

    • Apr 2018
      • Marketing commences
      • Full white paper release
    • May 2018

      Whitelist registration

    • Jun 2018
      • Developer portal
      • Ambassador program
      • Constellstion fund
    • Jul 2018
      • Airdrop 1 event
      • Testnet live

    Activity