Constellation Network’s Hypergraph Hour Episode 14: A Deep Dive
In the 14th episode of Constellation Network’s Hypergraph Hour, Wyatt Meldman-Floch, the CTO of Constellation Network, delves into the technical aspects of the Constellation Network and its L_0 standard. The episode is a deep dive into the technology that underpins Constellation Network’s vision of a decentralized data marketplace.
The L_0 Standard
The L_0 standard is a core part of Constellation Network’s technology. It’s designed to normalize values across different ledgers, enabling cross-chain liquidity. This means that it can represent different types of data as objects that can be stacked on top of one another, forming a structure. This allows for the tokenization of data pipelines, which can be used to monetize data.
Wyatt explains that the L_0 standard is a solution to the problem of dynamically allocating units of value across different ledgers with different types of consensus logic. It provides developers with an out-of-the-box solution for solving cross-chain liquidity, a problem that other projects like Polkadot are also trying to solve.
One of the key innovations Wyatt discusses is the implementation of consensus operating on streams. This changes the game in terms of how consensus is performed, moving it from being a complex, esoteric process to a series of uniform API calls. This stream-based consensus is part of the L_1 implementation, which operates directly on top of streams.
The Vision of a Decentralized Data Marketplace
Wyatt also discusses the broader vision of Constellation Network, which is to create a decentralized data marketplace. This marketplace would allow for the tokenization of data pipelines, bringing them online into a new marketplace. This would allow individuals to monetize their data, interacting with the economy on their own terms.
Wyatt explains that the existing data marketplaces are propped up on the collection of user data. By creating a decentralized alternative, Constellation Network can provide a way for individuals to interact with the economy on their own terms. This could lead to the creation of an index for the greater economy of the data marketplace.
Looking ahead, Wyatt teases some of the developments that are coming up for Constellation Network. He mentions that in the coming months, they will be releasing more walkthroughs and developer docs. They will also be working towards the release of Node 2.0, which will be a significant milestone for the project.
In the next Hypergraph Hour, Wyatt plans to delve into how to build a state channel and how to create your own token and base layer protocol. He also mentions that they will be doing a lot of community governance decisions about where they want to go with launching their state channels.
Episode 14 of Constellation Network’s Hypergraph Hour provides a deep dive into the technical aspects of the project. From the L_0 standard to stream-based consensus, the episode provides a look at the technology that underpins Constellation Network’s vision of a decentralized data marketplace. With exciting developments on the horizon, Constellation Network is poised to make significant strides in the world of blockchain and decentralized data.