ionicXBT
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36) One of my top 5 favourite Altcoins.
🕑 Added 2023-06-09 15:46:22 +0000 UTCBefore we begin,
I'd like to mention that DISCORD access for the NEW people will be granted at the end of this month.
This decision was made INTENTIONALLY.
It's crucial to recognise the distinction between my approach and others.
The reason 90% of people in groups FAIL is because they rely on someone else to make money for them.
In fact, it applies to 100% of groups.
Otherwise, everyone would be wealthy.
Instead, I will demonstrate what to do and how I'm doing it so you can replicate the success.
This is the winning formula.
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The coin is called $DAG (CONSTELLATION)
"Constellation is a feeless decentralized network that enables anyone to build the future of Web3 on a secure, infinitely scalable and cross-chain interoperable protocol."
What does this mean?
Constellation Network is a special network that allows people to create the future of Web3.
It's FEELESS, which means you don't have to pay any fees to use it.
The network is secure and can handle a LARGE number of users and transactions.
It also works well with OTHER blockchain networks, so you can easily connect and communicate between different blockchains.
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Why is it special?
Constellation Network is a unique decentralized network that operates as LAYER 0 in the blockchain ecosystem.
Layer 0 standard is the protocol that serves as the fundamental for all other protocols built on it.
To understand its significance, let's look at the differences:
LAYER 1 refers to the base layer of a blockchain, such as Ethereum or Bitcoin.
It is where the main transactions and smart contracts take place.
However, Layer 1 blockchains often face challenges like scalability and high transaction fees.
LAYER 2 solutions, on the other hand, are built on top of Layer 1 blockchains to address these issues.
They enable faster and cheaper transactions by handling them off-chain and settling the final result on the Layer 1 blockchain.
Now, Constellation Network operates as LAYER 0, which means it provides a fundamental infrastructure layer for various Layer 1 and Layer 2 blockchains.
It offers a secure and highly scalable protocol for building decentralized applications (DApps) and connecting different blockchains together.
By being interoperable and feeless, Constellation Network aims to overcome the limitations of traditional Layer 1 and Layer 2 solutions, opening up new possibilities for the future of Web3.
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Remember we always stay one step AHEAD and base our investments on the FUTURE.
Ask yourself this question.
What is the most valuable intangible asset in today's world?
The answer is DATA.
How?
It provides:
- valuable insights,
- enables informed decision-making,
- drives innovation,
- enhances various aspects of operations.
Companies that can EFFECTIVELY collect, analyse, and leverage data have a competitive edge in today's digital landscape.
They will need Constellation Network because it provides solutions for securing and managing big data.
The project addresses issues related to the security of data, which is CRUCIAL for advancing technologies like machine learning and artificial intelligence.
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AI relies on data, but it's only as good as the data it has.
Right now, it's difficult to make sure that the data used by AI is VALID.
The audit trails available for AI devices can be MANI.
Constellation Network aims to prevent situations like when Uber's autonomous vehicle caused an accident but no one took responsibility because there was no CLEAR record of the data used.
Constellation Network uses technologies like HYPERGRAPH network and state channels to create a TRANSPARENT audit trail for data.
With Constellation Network, data is validated by a community of people, and the network is governed by this community.
This ensures transparency and RELIABILITY in the data used by AI.
Constellation Network is focused on speed, security, and development experience while also prioritizing safety and trustworthy data.
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Constellation Network uses a special structure called Directed Acyclic Graph (DAG) to keep track of transactions.
This also allows for faster and fee-less transactions.
This is DIFFERENT from traditional blockchains.
Traditional blockchains use a LINEAR structure to record and store transactions.
Let me explain:
Imagine each transaction as a point connected to other points in a graph.
The graph only goes in one direction, with new transactions building on top of previous ones.
This way, transactions can be validated without checking the entire ledger, making it faster.
Now Constellation Network takes it a step FURTHER.
They use multiple independent graphs that come together to form a bigger graph, called a HYPERGRAPH.
It's like connecting different puzzles to create a BIGGER picture.
This allows the network to combine data from different networks and systems into one evolving structure.
The HYPERGRAPH is useful for building complex applications and making transactions between different networks EASIER.
It's like having a universal language that allows different systems to communicate and work together.
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The DAG ecosystem has formed PARTNERSHIPS with MANY organizations to enhance its capabilities and EXPAND its reach.
Above are SOME listed on their website.
Also to mention recently it has also partnered with the US AIR FORCE.
Including the Department of Defense (DoD) and the Air Force Research Laboratory (AFRL).
This makes Constellation Network one of the FIRST blockchain companies to successfully fulfil a GOVERNMENT contract focused on delivering a working prototype.
The partnership aimed to establish a secure and efficient method for transferring confidential DATA within the Defense Transportation System commercial airlift partners.
This DAG structure is what sets $DAG apart from OTHER blockchain projects.
The support and involvement of the US Air Force REINFORCE its significance and make it an intriguing project to consider.
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Let's take a look at the technical of $DAG
The Market cap is currently only at $40 MILLION.
This is an absolute STEAL in comparison to other token valuations.
The room for growth is INSANE.
There has been 3 divergence taps already which suggests the bottom is NEAR.
Max pain would be the blue line at around $0.015 which would only provide a better BUYING opportunity.
The reward clearly OUTWEIGHS the risk.
Note that in a bear market, it is normal for prices to fall.
AS LONG AS THE PROJECT IS STILL BUILDING.
This project has achieved its roadmap target and continues to do so.
It is ranked #423 with nearly 100,000 people having it on its watchlist.
You can not ignore this.
@ionicXBT
Comments
Great in-depth analysis. I already DCAed in June when I discovered you on Twitter. Will add more in the future. Thank you so much for your precious insights! 🙏🏽
Given the current market, does $DAG remain one of your top 5 coins? It is dependant on BTC movement, as most ALT's are, and apparently without any special growth activities to separate it from the pack. Your thoughts?
