Hypergraph Network Launch: What to Expect from Constellation in 2023
Constellation Network is revolutionizing the decentralized network space with its upcoming release of the Hypergraph Network in 2023. This network offers state channel DApps with its infinitely scalable technology that utilizes DAG-based technology and microservices framework. Constellation CEO, Ben Jorgensen, has emphasized that the company is not a direct competitor to Ethereum, but rather an evolution of Ethereum that offers a unique business model.
Constellation is focused on a business-minded approach, prioritizing use cases and educating businesses on the benefits of the Hypergraph network. The company will provide comprehensive technology releases, developer documentation, and real-world use cases to help businesses adopt the network. This will include robust support and resources to help businesses understand how the Hypergraph can add value to their business.
One of the key factors in the success of the Constellation Network is the company’s acquisition of Dor Technologies in 2021. Dor Technologies is an ideal use case for the Hypergraph technology, as it already collects valuable data and has an existing market for it. The company’s first intention was to work with the Dor Traffic Miner (DTM) to create a state channel and attach it to the Hypergraph.
The Hypergraph network offers many business use cases, but the company is particularly interested in those that marry Web2 and Web3 infrastructures, such as Alkimi Exchange. Alkimi Exchange is a perfect example of the benefits of Web3 decentralized technology for the Web2 concept of the ad exchange. By moving millions of ad impressions onto the blockchain, Alkimi Exchange combats advertising fraud and accurately verifies campaign results for advertisers.
Constellation has shifted its reward mechanism toward on-chain utility, with a finite pool of rewards used to create initial use cases and incentivize businesses to bring data onto the network. The company is continuously evolving its tokenomics as protocol updates are released and on-chain utility and different business use cases arise. Constellation is working with application layers and the underlying protocol to understand the cost associated with using the Hypergraph for businesses, which will greatly impact its tokenomics over time.
The company is working to open the network to accommodate an unlimited number of node operators and provide true technical scalability. Constellation has designed a framework based on “Eras” to present protocol upgrades and releases, with each Era unlocking various use cases and opportunities and pushing the Hypergraph to become a more decentralized and secure network. The first Era, the Hercules Era, is set to release in March 2023 and will include the L0 currency framework, Rosetta support, and the next tokenomics lite paper.
Constellation is focused on the future, with a goal of businesses coming to the company in 2 years and seeing a range of scalable use cases that can help their businesses. The company’s focus is on 2023, but its head is already in 2024 and 2025, as it continues to push the boundaries of decentralized networks and offer businesses a unique and valuable solution.
So, get ready for an exciting year with Constellation Network and the Hypergraph network! With its innovative technology, business-focused approach, and comprehensive support, the Hypergraph network is poised to take the decentralized network space by storm in 2023.