SAN FRANCISCO, CA / ACCESSWIRE / April 28, 2021 / The Constellation Network has launched the Project Submissions program, opening applications for developers who wish to build on Constellation's Hypergraph with the L_0 token standard - a highly scalable ledger using a distributed Directed Acyclic Graph (DAG) architecture that is compatible with existing digital infrastructures.
Entrepreneurs will be able to leverage the Hypergraph to add blockchain-like functionality to their applications in any traditional industry. The Constellation Network is designed for companies and enterprises that are seeking to apply an incentive structure to real-world metrics and outcomes, experimenting with new ways of doing business made possible by tokenization.
Project Submissions have been launched as part of Constellation's website redesign, and are a key step in enabling the project's vision and expressing who Constellation is through the lens of their application layer and their token standard, L_0.. Builders who enter the program receive support from the Constellation community and the Stardust Collective, a self-governing Decentralized Autonomous Organization (DAO). The collective will help the Constellation team in choosing the most promising projects to incubate and support in their efforts to build on top of Constellation Network and operationalize their cryptocurrency business.
As members of the Constellation ecosystem, the incubated projects that aim to build using the L_0 standard will have access to the strategic and financial resources and insight of the Stardust Collective, who will help guide product and technology development, as well as support communications and general audience outreach in the crypto space and beyond.
Projects wishing to join the incubation program will need to submit their application via the Constellation Network website, after which the process of due diligence and project selection begins. Projects will be chosen based on their utility to the ecosystem and overall quality, as defined by the 50+ members of the Stardust Collective.
"The launch of Project Submissions is an incredibly important milestone for the Constellation Ecosystem," said Benjamin Jorgensen, CEO and Co-Founder of Constellation Network. "We are excited to see the amazing proposals that migrate entire industries and new use cases for the Hypergraph. Our goal is to introduce quality businesses built on our distributed ledger to the world."
Constellation's unique DAG-based Hypergraph and L_0 state channels and token standard make it the most advanced and scalable platform for applications where accountability and data assurance are paramount. Businesses can define their own rules when tapping into the Hypergraph, allowing fine-tuned control while guaranteeing the traceability and security of the data stored on the network.
About Constellation Network
Constellation Network Inc, is a decentralized network and ecosystem that enables seamless and secure communications between big data infrastructure and interoperability between blockchains. Using their distributed network, called Hypergraph, Constellation enables fast, zero trust, scalable solutions for enterprises and the US federal government, to improve data integrity and data assurance. The company utilizes a decentralized directed acyclic graph (DAG) network, and mathematical proofs to organize the network for speed, security.
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SOURCE: Constellation
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