Constellation Network is driving decentralized technology forward with key initiatives like the Metagraph Hackathon, the launch of Metanomics, and IRON SPIDR’s move to a public framework. Over 500 developers are showcasing their creativity and innovation in the hackathon by developing groundbreaking metagraph projects and on-chain tooling. These efforts, supported by partnerships with IBM and Panasonic, underscore Constellation’s focus on innovation and expanding its ecosystem across various sectors.
Metanomics: A New Era in Tokenomics
Constellation Network has recently introduced Metanomics, a next-generation tokenomic model designed to meet the evolving needs of its expanding ecosystem. The existing framework, which incentivized data, supported node validators, and nurtured metagraph development, now requires a more sustainable and adaptable approach. Metanomics aims to provide this flexibility, aligning with Constellation’s vision for long-term decentralization while offering robust rewards and incentives for all stakeholders.
The Need for a Flexible Supply Model
Market volatility has underscored the necessity for a tokenomic framework that can adapt to changing conditions. A fixed supply model, while increasing scarcity and value, limits scalability and adaptability. This restriction hinders the ability to reward validators, support protocol development, and incentivize participation.
Metanomics introduces a flexible, sustainable funding model that reduces reliance on private subsidies and aligns incentives across participants. This approach ensures Constellation Network can adapt to market conditions, support continuous growth, and foster innovation.
Embracing Controlled Inflation and Community Participation
Starting in Q1 2025, DAG will shift to a flexible supply model with a dynamic inflation rate. This model starts at 6% and gradually decreases to 0.5%, adjusting based on market conditions to balance growth and sustainability. Controlled inflation stimulates growth, incentivizes early participation, and supports a dynamic economic environment within the ecosystem.
Delegators now play a crucial role in Constellation’s ecosystem, reflecting a shift toward decentralized governance. By enabling $DAG holders to delegate tokens to validators, Constellation fosters community participation and strengthens network integrity. This participatory model ensures that validators align their interests with the network’s broader goals, enhancing overall efficiency.
Strategic Investments for Growth
To accelerate growth, Constellation Network is unlocking and repurposing 450 million $DAG tokens initially locked by the founders. These tokens will be allocated to scaling operations, community incentives, marketing, network adoption, and public goods. This strategic move underscores Constellation’s commitment to innovation and expansion, driving substantial growth as the network enters its next development phase.
By embracing Metanomics, Constellation Network positions itself for sustainable growth, ensuring continued innovation and benefits for all stakeholders in the ecosystem.
Constellation Network has made a pivotal move by transitioning its “Universal Blockchain Toolkit,” IRON SPIDR (Secure Peer-to-Peer Interoperable Data Resilience), from a private, permissioned framework to a public one. Initially developed with the U.S. Department of Defense (DoD) to secure sensitive mission data, IRON SPIDR operated within a highly controlled environment, meeting stringent military standards.
However, recognizing the broader potential of IRON SPIDR, Constellation is now making this technology publicly accessible. This shift aligns with a larger industry trend of moving from private networks to public ones, which offer greater scalability, cost efficiency, and flexibility. As Constellation’s Co-founder and CSO, Benjamin Diggles, points out, the future of blockchain lies in public networks. By opening IRON SPIDR to public use, Constellation is positioning itself to drive widespread adoption across federal and commercial sectors.
Strategic Expansion and Future Implications
Iron SPIDR’s importance within the U.S. Department of Defense has grown significantly. A recent request for updates from the Office of the Undersecretary of Defense underscores the DoD’s strong interest in the technology. Iron SPIDR enhances secure information sharing by integrating with legacy applications to validate sensitive mission data through identity authentication. This minimal addition to existing workflows greatly improves security, ensuring that mission-critical data remains unaltered and secure in real-time.
Partnerships with cybersecurity firms like Kinnami further strengthen IRON SPIDR’s capabilities. These collaborations involve sharding data across multiple locations to boost security and ensure data integrity. Such strategic expansions create an end-to-end solution that not only secures data but also enhances the visibility and traceability of all network activities, which is critical for both defense and commercial applications.
Looking forward, Constellation plans to enhance IRON SPIDR’s capabilities to include machine-to-machine communication and automation, which could revolutionize secure data exchange across industries. The upcoming HyDef conference is expected to reveal more about IRON SPIDR’s commercial potential, marking a significant step toward broader adoption.
The commercialization of IRON SPIDR represents a key milestone for Constellation Network. Transitioning from private to public networks positions Constellation to lead in sectors that demand high security and data integrity. With over 200,000 U.S. contractors likely to benefit, the public deployment of IRON SPIDR could have a profound impact, advancing both public and private blockchain landscapes and setting new standards for secure data management.
Metagraph Hackathon: Pioneering the Future of Decentralized Technology
Constellation Network’s Global Metagraph Hackathon is a landmark event, running from July 15th to September 9th, 2024. With $100,000 in prizes, this hackathon already has seen over 500 developers signup to build groundbreaking metagraph projects and on-chain tooling.
Metagraphs allow developers to create custom Layer 1 networks, decentralized applications (dApps), and integrate with existing Web2 infrastructures. They equip developers with tools to design specialized blockchain solutions that handle complex data and interact smoothly with networks like Ethereum and Solana.
To help participants, Constellation has released educational videos and resources. These include live build sessions guiding developers through creating a basic metagraph application, offering coding and deployment best practices. A key session features a codebase review of production metagraphs like Dor Technologies, providing practical examples of successful implementations.
The hackathon is more than a competition; it offers developers a chance to shape the future of decentralized technology. Supported by industry leaders like Panasonic, IBM, and government agencies, the event aims to drive innovation and expand the possibilities of blockchain technology.
Snapshot Fees Are Now Live on Constellation Network
Constellation Network has launched snapshot fees on its MainNet with the release of Tessellation v2.10.0. This update significantly impacts the network’s economic framework by integrating snapshot fees into the Metanomics model, which balances token emissions and maintains network stability. Unlike traditional blockchain models, Constellation shifts the responsibility for these fees from users to metagraphs. This shift gives metagraphs the flexibility to manage costs through user charges, staking rewards, or other means.
Introducing snapshot fees is a strategic move to build a scalable and efficient network. By requiring metagraphs to contribute to operational costs, Constellation ensures the network can maintain high performance. This approach also encourages more projects to build on the platform. This development positions Constellation for ongoing growth and innovation in the blockchain space, paving the way for a more self-sufficient and robust ecosystem.
Stargazer Wallet Integrates EIP-6963 for Seamless dApp Connectivity
Stargazer Wallet has launched its integration of EIP-6963, bridging the gap between wallets and decentralized applications (dApps). This update allows users to connect the Stargazer Chrome extension to various dApps that have also adopted the update, including Uniswap, Matcha, DeBank, Ethena, and Curve Finance. Through this new integrations, Stargazer wallet users can now interact with the wDAG liquidity pool on Balancer. This integration enhances the user experience by enabling seamless interaction between Stargazer and these leading dApps, broadening its utility within the decentralized finance ecosystem.
A Forward-Looking Vision
Constellation Network is rapidly transforming into a dynamic ecosystem. This growth is fueled by initiatives like the Metagraph Hackathon, the launch of snapshot fees, and IRON SPIDR’s transition to a public framework. These efforts attract developers through community initiatives and strategic partnerships with leaders like IBM and Panasonic. Metanomics supports this growth by offering a flexible tokenomic model that enhances economic stability and fosters continuous growth.
By introducing snapshot fees and expanding IRON SPIDR, Constellation ensures a scalable and efficient network. These steps position Constellation at the forefront of decentralized technology, driving innovation and empowering community participation. As Constellation continues to grow, it remains ready to shape the future of blockchain innovation. Join these initiatives and contribute to Constellation’s evolving ecosystem.
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