Blockchain Platform for Creating Large Consumer Applications Aims at Exchange

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New blockchain project Constellation Labs for “consumer grade” applications development announced the listing of its DAG token on KuCoin exchange, following the recent launch of their developer community Orion. Orion has an award system for participants and will be used for the testnet at the beginning of August.

The main feature of Constellation is that its network is proportional to user adoption. That is to say, its throughput is about 4000 to 4800 transactions per second (tps) with a 1200 node cluster. In comparison, the Bitcoin network has an average capacity of fewer than 4 tps, and Ethereum is about 15 tps.

This is achieved through harnessing dynamically partitioned consensus that allows the network to scale the number of tps. Reputation-based incentives eliminate transaction fees between users. Constellation uses Proof-of-Meme (PoM) protocol, letting individuals directly contribute to the improvement and monitoring of the chain by utilizing computing power from their own smart devices. PoM rewards those who improve a node’s overall reputation within the system.

“The Constellation protocol aims to solve the primary challenge of scalability in the blockchain, providing a solution that is highly resource-efficient and exponentially scalable”, said Constellation CTO Wyatt Meldman-Floch.

Constellation deploys smart contracts as “microservices” so that services can be chained and composed into distributed applications. “Microservices” is an approach to application development in which a large application is built as a suite of modular services. Each module supports a specific business goal and uses a simple, well-defined interface to communicate with other sets of services. Microservices are concurrent processes, unlike smart contracts which must be in every node.

Read more:
https://www.newsbtc.com/2018/07/09/blockchain-platform-for-creating-large-consumer-applications-aims-at-exchange/