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D’ya like DAGs?
Scalability is likely that the biggest obstacle to mainstream adoption of decentralized ledgers. Last week, Constellation, emerged from stealth mode with a unique solution:
“To have a scalable blockchain – first of all you must remove the block.”
We are joined by Constellation CTO Wyatt Meldman-Floch and Zac Russell the Head of Marketing.
Furthermore, this team knows the problems of legacy blockchain protocols first hand. First of all, upon experiencing the congestion of the Ethereum blockchain during a previous attempt to build a DApp. Subsequently they pivoted to build, from the ground up, a platform protocol that relies on a horizontally scalable directed acyclic graph (DAG).
Check this out for the differences between “traditional” blockchains and DAGs – [“traditional”! Seems like they’ve been around for decades!]
DAGs are somewhat controversial subjects to some blockchainers. But similarly, blockchain is a controversial subject to many industries…so all’s fair!
Furthermore, the Constellation team predict the realization of a transaction throughput several thousand times faster than most blockchains.
Consequently, they believe they can achieve such speeds without the use of the plutocratic proof-of-stake mechanisms.
Visit Constellationlabs.io where you can learn more about the following:
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Why scalability is certainly the key to mainstream adoption of decentralized ledgers
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The reasons why it seems like legacy blockchain networks will not be able to upgrade sufficiently
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The dangers of blockchain plutocracy and the need to make nodes even more accessible to the layman
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