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13 May 2021

How Constellation is perfecting blockchain onboarding for big enterprise | CryptoSlate

How Constellation is perfecting blockchain onboarding for big enterprise | CryptoSlate

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Constellation is a framework that allows everyone to build and conduct business on a blockchain.

Existing blockchain technology does not support the speed, scalability, and economic incentive needed to build applications with robust business logic.

With Constellation’s L_0 state channel standard, you can define the rules of your business while tapping into Constellation’s Network, powered by rewards.

Like WordPress, we provide an open-source framework with robust developer tools that anyone can build on.

Constellation’s decentralized value-based network, called Hypergraph, is built for speed and scalability and leverages a reward layer that is used to maintain the network.

As a microservices framework on a network powered by rewards, advanced business logic and data can be connected to our feeless and scalable network, governed and optimized by mathematical proofs?

Constellation’s L_0 state channels are an evolution of smart contracts but provide robust business logic to create a new cryptocurrency standard, data assurance, traceability, and accountability to stakeholders.

That said, with the introduction of Blockchain technology the pace at which AVs are moving into production has sped up significantly.

DAG technology is an alternative system that allows cryptocurrencies to function similarly to those that utilize blockchain technology without the need for blocks and miners.   A DAG is a finite directed graph that does not have directed cycles.  It consists of an infinite amount of edges and vertices, each edge being directed from one vertex to another without having to start at any one particular vertex or follow a consistent or directed sequence of edges to loop back to the same vertex again.

Every technology has its own share of limitations, and it’s no different with blockchain.

CMDM is co-chaired by DENSO and General Motors (GM), with support from Accenture, AMO Labs, Cognizant, Constellation Network, Continental, CPChain, Dealer Market Exchange (DMX), Fifth9, Filament, Ford, IBM, NuCypher, Ocean Protocol, RouteOne, ShareRing, Swedish Blockchain Association, and Toyota Insurance Management Solutions (TIMS).

Constellation’s Network, Hypergraph, and transportation protocol HGTP provide speed, security, and L_0 consensus with no base layer fees.

Through the creation of state channels with advanced programmable business logic and a feeless peer-to-peer network, we provide a myriad of opportunities for anyone to develop a business that attracts value from the Constellation ecosystem – with economic incentives.  Our aim is to attract the next blockchain entrepreneur to build a scalable business with confidence from multiple stakeholders that engage with the business

Over the next few years, anyone will be able to build and conduct a business using Constellation’s blockchain technology by using the “DAG Terminal” – a user-friendly interface complete with open-source developer tools

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