The Constellation Metagraph Token Standard and Hypergraph Network: An Important Milestone in Building Decentralized Solutions

Author: Constellation

Compiled by: ChainCatcher

The Metagraph token standard is an important milestone in the Mainnet 2.0 roadmap.

This means------thanks to the technology that Constellation is building------that businesses with thousands or even millions of customers can now seriously consider building decentralized solutions and incorporating cryptocurrency transactions into their business models.

Why? Because Constellation provides a platform with the Metagraph and Metagraph token standard that can handle loads, execute seamlessly in the background, and scale with the business. (It can also do many other cool things, but we will talk about that later.)

This means for the first time ever…… you and I, along with others who may not know what blockchain is, can quickly interact with new applications on the internet or mobile devices that can reward us with cryptocurrency in exchange for our participation or our data.

Whatever we provide to businesses that they value------our data, our attention, our feedback------we will be rewarded. A new economy can form around communities of individual participation and shared wealth, where everyone wins.

Pie in the sky? Well, maybe------but the stakeholder economy is real and growing. We just lacked the platform to support all of this. But not for long.

Now let's talk about the technical issues…… While most blockchains are first or second layer solutions, Constellation's Hypergraph network completely redesigns blockchain infrastructure using a "Directed Acyclic Graph" (DAG) architecture that operates on layer 0. Layer 0 is the underlying data transmission layer with an infinitely scalable node structure that supports fast and efficient global consensus.

Constellation uses a clever "Metagraph" microservices model that operates on layer 1 above the Hypergraph (layer 0). Just as the Hypergraph network is the evolution of blockchain, the Metagraph is the evolution of smart contracts.

Metagraphs support all types of business transactions that can interact with the underlying network as needed, providing users with the best of both worlds: customized blockchain-supported business solutions running on a fast and infinitely scalable free decentralized network.

From Constellation's white paper: "Constellation enables anyone to leverage the cryptocurrency ecosystem and integrate blockchain technology into existing systems and applications through our (Metagraph) and (Metagraph) standards. Existing token standards allow you to create and mint cryptocurrencies, but built-in accountability and business logic are zero. Typical smart contracts cannot be integrated into existing systems and applications, supporting only simple data structures and logic with limited permissions. This is why Constellation offers superior solutions…"

In summary------the Hypergraph network uses zero transaction fees. This allows it to work with the stakeholder economy. People do not have to worry about paying random fees for using this toll road, making it easy for businesses to align incentives with the value they derive from your data.

The Metagraph token standard is the token standard for utility tokens built on Constellation's Hypergraph network, just as ERC-20 is the token standard built on the Ethereum network.

Metagraph tokens are cryptocurrencies that run on various Metagraphs, and each business on a Metagraph can mint its own Metagraph tokens.

Metagraph tokens can be used for transactions or business activities within the Metagraph, rewarding users for completing various tasks, or exchanging any type of value within the state channel ecosystem. Metagraph tokens can even be used in non-financial ways, such as verifying data from IoT devices.

The Hypergraph supports bridges between Metagraphs for seamless token interoperability and zero swap fees. This means that businesses operating Metagraphs with Metagraph tokens can share data with each other and benefit from the generative economics supported by the Hypergraph.

The real question is "Why aren't businesses minting Metagraph tokens?" If you are running a business on the blockchain with thousands of users transacting within your ecosystem, you cannot afford to slow down and incur high transaction fees.

When users transact using mobile applications or on the internet, the network they are transacting on should be invisible. Token transactions should be fast and free, and as the number of users increases, the application should continue to operate at peak performance.

With Metagraph tokens, all of this is possible. The Hypergraph is a free network that is fast and infinitely scalable. Running Metagraph tokens within the Metagraph of this network enables businesses to do things they could not do before.

Constellation offers a powerful accelerator program for traditional businesses and entrepreneurs looking to join our ecosystem and establish state channels with us on the Hypergraph.

We educate them on everything related to blockchain and minting Metagraph tokens. We introduce them to our community and launch their tokens on our Lattice Launchpad.

Our current ecosystem partners are powering the creator economy, preventing ad fraud, and even building a patented healthcare exchange to reward individual contributors with personalized healthcare solutions and cryptocurrency incentives (more to come in the future!).

And this is just the beginning! More amazing projects are lining up to build incredible things and co-create a new economy with us and our community.

Learn more about Constellation's Web3 Launchkit to get your Web3 business started.

We are now entering Phase 2 of the Mainnet 2.0 roadmap, developing Metagraph tokens and launching our testnet.

During this time, we will also:

As the crypto economy becomes a viable consideration for exciting new opportunities, the Hypergraph will support a robust ecosystem that empowers data entrepreneurs, entrepreneurs, and traditional businesses.