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Constellation Network Debuts Project Submission Portal

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Wed, 04/28/2021 - 18:19
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Alex Dovbnya
Constellation Network is launching a new website that allows developers to submit their ideas
Constellation Network Debuts Project Submission Portal
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Constellation Network, a San Francisco-based startup that combines big data and the distributed ledger technology, is rolling out a new portal to accept submissions from developers.

People are able to submit their ideas as well as existing startups that could be built on the top of the ecosystem.

Developers will be able to access the necessary funding and tools to scale their projects. 

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A new token standard

Constellation Network a directed acyclic graph (DAG)-based distributed ledger powered by the DAG cryptocurrency.

It has its own token standard called L_0, which makes it possible for owners to see business mechanics. Unlike already existing token standards of the likes of Ethereum’s ERC20, L_0 boasts robust programmable logic and built-in accountability.     
 
Similarly to WordPress building a platform for creating websites, L_0 allows developing projects on the Hypergraph Transfer Protocol (HGTP).    

Possible business use cases for Constellation Network include data validation, digital currency wrapping, and programmatic reward distribution.       

Developers who build on top of Constellation Network can take advantage of a suite of blockchain-powered cybersecurity tools that can bring “high-grade security.”    
  
Last month, the San Francisco-based company announced its partnership with Liechtenstein-based LCX to list L_0 tokens.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.