Constellation Network’s Hypergraph Hour: Episode 6 – A Deeper Dive into State Channels and the Utility of DAG
In the sixth episode of Constellation Network’s Hypergraph Hour, co-founders Ben and Mathias delve deeper into the concept of state channels and the utility of DAG, and their respective roles within the Constellation ecosystem.
A Shift in Transparency
The episode begins with the co-founders discussing the shift in transparency within the Constellation project. They acknowledge the community’s desire for more clarity and insight into the project’s progress. To address this, they are working on reframing the whole company, aligning it more with the community, and bringing on a new marketing team to drive social media engagement and provide a facelift to Constellation.
The Constellation Ecosystem
The co-founders then delve into the Constellation ecosystem, explaining how it is designed to make it easy for anyone to build on top of it. Unlike Ethereum, which has a fixed fee built into the protocol, Constellation allows for economic scalability. Each state channel that is built on Constellation acts as a driver for a sink and a faucet, incentivizing people to come in from every chain through cross-chain compatibility.
The Role of DAG
DAG, the main fiber of the Constellation network, is inherently linked into the consensus process. It cannot be removed from the equation as it is the index token of all the business activity happening on the state channels within the network. Any value injected into the network helps the entire network grow, reinforcing the thesis of DAG being an index token.
The Future of Constellation
The co-founders are excited about the future of Constellation. They are inviting projects to submit proposals, and over the next few months, they will hand-select and showcase how to build a state channel and attach incentive structures. They also plan to let the community vote on proposals they want to see on Constellation’s Hypergraph.
The sixth episode of Constellation Network’s Hypergraph Hour provides a comprehensive overview of the project’s vision for state channels and the utility of DAG. It also offers valuable insights into the team’s vision for Constellation and its potential impact on the crypto industry. The co-founders assure the community that they will share any news or updates as soon as they are legally able to do so. The episode concludes with a Q&A session, where the team addresses questions about the project’s progress and future plans.