Constellation Token: Blockchain Microservice Operating System?
What Is Constellation?
Constellation is the described by its own site as an “unbounded blockchain with microservices”. Microservices, the company explains, is how it calls the approach to app development in which there is a large app that is built as a suite for modular, smaller services.
Each module will support a different and specific type of business goal but will be able to communicate with the other devices on the same network. The company uses smart contracts, but they are not based on the popular Ethereum blockchain. The choice to use smart contracts was because they are a secure way to handle transactions.
The full White Paper of the company has been released in April 2018, as well as the White List registration for the Token Generation Event, which will happen in May. The platform will be live in July if everything goes according to the company’s plans.
What Problems Is Constellation Solving?
This company is set to solve the problems that are caused by the limitations of the current blockchain technology like not being completely horizontally scalable, meaning that many networks are not strong enough to have more users in the medium to far future. Also, it will have faster transactions than many companies are having right now and no transaction fees by using reputation based incentives.
Constellation is also creating a truly decentralized network based on delegated selection to give the user the ability to always have the chance to contribute to consensus. The software will be compatible with mobile devices and will use smart contracts as microservices.
Who Is Behind Constellation?
This company has a team that mixes young developers and experienced entrepreneurs to achieve the best results. The CEO of the company is Brendan Playford; the CTO is Wyatt Meldman-Floch; the COO is Benjamin Jorgensen; the CCO is Altif Brown.
Emily Arth is the vice president of operations, Zac Russel is the head of marketing, Brio Hickey is the vice president of product, Preston Parris is an engineer, Ratul Saha works with statistical models, and there are many other key people in the company.
Constellation’s main partners are TLDR Capital, Batshit Crazy Ventures, Connect Capital, Cryptodex, Wachsman, Chainrock, MW Partners, Crypto Bazar, The Bureau and Shasta Ventures.
Constellation Token Generation Event Details
As stated above, Constellation will use a Token Generation Event to create the tokens of the company but not an Initial Coin Offering. The company has already affirmed that an ICO is very unlikely at this moment.
The TGE will happen in May, but it will only distribute ERC20 Ethereum-based tokens, not the final ones. These tokens will be used on the “TestNet”, the beta network that will be online in June. The MainNet will come at the end of 2018 or beginning of 2019. Once the MainNet is live, the tokens will be changed by the final tokens of the company at last.
Constellation Blockchain Microservice OS Conclusion
Only time will tell if Constellation will be really as innovative and important as it intends to be, but what we can be sure at this moment is that this is a company that has shown potential. It understands the potential of the Ethereum network and its smart contracts but it wants to improve everything so it will have better services than the other current companies offering blockchains.