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What is Constellation coin (DAG) and how does it work?

by Financial Economy

Constellation Network provides cybersecurity for big data. Constellation Hypergraph Network provides a scalable and secure distributed network that validates data for enterprise and public sector customers. It is the first truly decentralized, infinitely scalable DAG protocol. Detailed information about what is Constellation coin (DAG), how does it work, how to buy it, how much is the DAG price, etc. is given in the continuation of the article. For information about DENT coin, you can check here.

What is Constellation coin (DAG) and how does it work?

Constellation coin (DAG) is the cryptocurrency of the Constellation network. Constellation has a current supply of 3,711,998,690.36 with 1,266,911,931.0440834 in circulation. Constellation was launched in 2017 with a private sale of $35.2 million for 756 million DAG, a useful token for the Constellation Network. This was 18.9% of the original 4,000,000,000 DAG maximum supply; However, as a gesture of goodwill, the founders burned the 288 million coins originally allocated to them, with the maximum supply remaining at 3.71 billion DAG.

DAG was created as an ERC-20 token for accessibility purposes. Technically speaking, $DAG is the Constellation Network’s financial status channel. It allows seamless exchange and interaction between the various state channels and nodes that make up the network. $DAG connects the components of the network and allows them to connect with each other.

So how to buy Constellation coin (DAG)? DAG coin can be purchased from the listed cryptocurrency exchanges. However, before trading, the stock market should be well researched and a “reliable / well-known” cryptocurrency exchange should be preferred.

$DAG allows the value to be bound to the data. It doesn’t matter whether it’s a single data packet or a stream of data that is traded in real time on a per-event basis – $DAG enables decentralized data marketplace for data economy. It provides data priority as individual and corporate users can monetize their data in a secure and compliant way.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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