The king and queen of the market – Bitcoin & Ethereum – have been long criticized for their lack of scalability. If cryptocurrencies were to become the widely-accepted mode of payment, scalability would be the biggest problem; hence, why this problem is so serious. For instance, Ethereum While both the projects remain at the top of the market, the lack of scalability has diverted a lot of attention to altcoins that present a solution to the problem of scalability. Constellation is one such project that pays a lot of emphasis on scalability. The proposition of the network is an interesting one and has resulted int eh cryptocurrency skyrocketing amidst bearishness in the market.
What is Constellation?
Constellation is a distributed network for organizations that need to transfer and process data securely. It essentially provides cybersecurity for big data by validating data for enterprises and public sector clients. In a world where data is becoming increasingly important, projects like Constellation will prove to be crucial. It not only focuses on security but also scalability.
Constellation is fast, secure and the only infinitely-scalable distributed network. It employs a unique architecture called directed acyclic graph (DAG) in order to overcome the problem of scalability. The DAG architecture, in theory, is capable of infinite scaling. The unique DAG concept is what sets it apart from the crowd.
Future outlook
The target audience of the Constellation network has helped it bag high profile clients and the powerful partnership list of the network is a testament to the potential it holds. Some of the notable business partners include Amazon and the United States Airforce. Moreover, Constellation also has major partnerships in the cryptocurrency market. It has joined hands with Chainlink and KuCoin exchange recently.
Constellation has shown a phenomenal performance in the current year. The price rally of DAG ended as the market corrections ensued in May but the cryptocurrency had been on a sharp uptrend ever since. It established a new all-time high at $0.46 towards the end of August. The price is currently under bearish momentum.
The technical combined with the strong fundamnetals of the network gives it a positive future outlook. According to the estimates of Wallet Investor, Constellation is expected to be trading hands at $0.57 in a year’s time while the price is predicted to be climbing upwards towards $1.74 in five years’ time. Digital Coin Price projects a year-ending price of $0.41 for DAG token and a price of $0.94 by 2026.
