constellationlabs (OP)
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June 08, 2018, 12:10:45 PM |
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I saw in a recent presentation that you are formally verifying your framework using category theory. Can you explain what catagory theory is and how you are using it for those who haven’t come across it?
Category theory is a reformulation of the foundations of mathematics that has taken stride since the mid 20th century due to its uncanny ability to describe ‘unfamiliar’ mechanics of quantum mechanics and most recently it’s role in the formulation of functional programming. The tl;dr on ct is that it’s a way of defining processes as different parameterizations of underlying mechanics. Category theory allowed us to define our recursive blockchain (hylochain), which allows us to dynamically partition the network with only local update rules; orchestrating metastability while only operating on local data. In terms of formal verification, curry-howard correspondence allows us to attribute the mathematical properties of theoretical abstract data types to actual in memory objects using an ordinary type system. Proof of MEME defines liveness in terms of the steady states of a differential equation, and by defining our data types in terms of monadic operations, we can ensure that our code emulated our analytic models. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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iloveBTC1
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June 08, 2018, 04:37:43 PM |
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so if there are no transaction fees, how will you make money?
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constellationlabs (OP)
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June 08, 2018, 06:43:34 PM |
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so if there are no transaction fees, how will you make money?
The value of the infrastructure is based on the awesome companies integrated with/built on top of Constellation. We have various partnerships in the works to hopefully have a few up and running projects powered by $DAG by MainNet launch. |
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iloveBTC1
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June 12, 2018, 06:23:23 PM |
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How is Proof of Meme a better approach to consensus than other models out there and how did you come up with the name?
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iloveBTC1
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June 12, 2018, 06:38:07 PM |
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Why was it important for you guys to build in JVM? What are the benefits and limitations of going that route?
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constellationlabs (OP)
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June 13, 2018, 05:31:21 PM |
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How is Proof of Meme a better approach to consensus than other models out there and how did you come up with the name?
New Consensus Model - Proof of Meme Constellation’s Proof of Meme Consensus model is one of the defining aspects of our protocol underwriting our vision for a secure and fair internet. We’ve produced a short video explaining the origin of the name, the basics of its functionality and how it fits into our overall vision. For those that want to delve deeper refer to our white paper, specifically page 11 “ Delegate selection model: Proof of Meme”. Given the uniqueness of our consensus model, we want to encourage debate and questions on the topic. The Constellation team will be active on this thread. https://www.youtube.com/watch?v=ABRX43HZVmI&feature=youtu.be |
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constellationlabs (OP)
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June 13, 2018, 05:34:55 PM |
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Why was it important for you guys to build in JVM? What are the benefits and limitations of going that route?
JVM is a widely used programming language that will open up development to a wider community and user base. As opposed to something like solidity which has a steep learning curve |
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constellationlabs (OP)
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June 13, 2018, 05:40:30 PM |
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so if there are no transaction fees, how will you make money?
We're incentivized to build utility on our platform and increase the value of our founder token allocation. Check out our token distribution model for more information: https://constellationlabs.io/blog/ |
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iloveBTC1
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June 15, 2018, 08:37:12 PM |
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What can we expect for the testnet?
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iloveBTC1
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June 15, 2018, 08:43:38 PM |
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You recently coined the term ACI to describe how DApps can communicate with your Blockchain. What does ACI stand for and how will it work?
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constellationlabs (OP)
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June 18, 2018, 05:17:29 PM |
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constellationlabs (OP)
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June 19, 2018, 04:54:10 PM |
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We've successfully distributed tokens. Please see an update from CEO Brendan on our distribution approach:
Hello Constellation Community,
We’re excited to announce that tokens have been successfully distributed today, June the 18th 2018. The $DAG token is live (See the contract on Etherscan here) and available for use in our community portal Orion. This marks the end of an intense sprint of development, token economics, marketing and channel development across our global community of supporters. There are a lot of misconceptions about token distribution and the significance for blockchain businesses. We want to address some recurring questions from the community here and provide insight into the business decisions we’ve made. Unlike a lot of projects, we’re builders and haven’t wasted resources on generating fomo around promises that we cannot deliver. We’re interested in delivering products and continuing to build the Constellation network and community. The distribution of $DAG today allows us to do just that. There are also legal and regulatory reasons as to why we’ve operated in a certain way and we want to make those clear, we have a long-term vision and adhering to these rules protects that vision. Please read on for further clarity on our positioning:
A Product-First Approach
There will always be community members and investors who are out for a quick flip. However, we are focused firmly on building a viable and scalable network that can scale to billions of users. We are single-mindedly focused on that vision ahead of anything else. This is the distinguishing factor between a mature company and “project” that will not endure in the space. To support that, as founders we have a 4-year lockup on our own tokens. It takes copious amounts of resources, time and dedication to build a completely new blockchain from the ground up. We cannot get distracted with catching the ‘right moment’ in a time-cycle that can last for weeks, months or even years - when is the 'right moment'?
The right moment is a one that fits with the long-term business goals of The Foundation. One which aligns with the release of our incentivized community portal Orion from which token holders can stake $DAG and earn bounties for contributing to the success and growth of the Constellation network. In addition, our upcoming release of our permissioned testnet that has cross-chain compatibility with our DAG ERC-20 token. Allowing validators (miners) to earn monthly rewards in $DAG for contributing bandwidth and resources to the testnet. This means that without the release of the token we cannot continue to build the community or test and develop the Constellation network under real-world technical and economic conditions.
Communication
We asked investors and members of our community how they feel about token distribution in this market cycle. The answer we got was mixed, with some favoring a release and some wanting hold back. We took into account the growth of the network, functionality of the live token and a breadth of community input when making this final decision.
Timelines
Forward momentum and development require sticking to timelines. In normal tech companies, you move at speed in an agile way and have no end of roadblocks as you develop with well-established technology. In the blockchain space, you are not only moving fast but with new untested technology. In the case of Constellation we are building new technology that has never been seen before from the ground up. We are not a fork or copy/paste project and we must focus on building a new network without distraction. Timelines are essential to creating a company culture that delivers consistently. As many of you know we postponed token distribution from March to June once. That decision was not taken lightly and we cannot pull back further on an already demanding roadmap.
Exchanges
We’ve reiterated this many times across all our channels but we are not in a position to discuss exchange listings. If and when $DAG starts trading the community will know and spread the word, any nonpublic information has to be protected. We would like to share as much as possible but there are strict legal guidelines we must adhere to.
Finally...What has the brief history of crypto taught us?
Each larger bear cycle in the crypto market has enabled new strong players to emerge. In the downturn of 2013/2014 it was Ethereum that launched into a bear market. We will be seeing new players strongly emerge from this bear cycle as well. Crypto has come to stay and Constellation is at the forefront of building the new internet of connected devices that fairly rewards users and builds a global community of users. We are here to stay and are going only one way - forward!
The journey for us so far has been a humbling experience and we’re excited for the future and thankful to be building it with you. Without you, the community none of this would be possible and for that, we thank you for your continued support. If you have any questions please dive into our Telegram and we’ll answer asap.
Kind regards,
Brendan Playford
CEO Constellation Labs
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constellationlabs (OP)
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June 20, 2018, 03:11:11 PM |
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Our CEO has released a statement to address $DAG launch and market volatility: https://medium.com/constellationlabs/dag-distribution-addressing-market-event-pt-1-775c8c17f602
Hello Constellation Community, DAG launched yesterday to unexpected market volatility. It became quickly apparent what the issue was. In the spirit of transparency and community collaboration, we’d like to inform everyone and address what transpired. Soon after token distribution a strategic investor with a large allocation unexpectedly sold their stake causing the dip in value. We had a huge amount of interest during our private sale and we took time vetting and building relationships with our partners. We wanted to ensure they shared our long-term vision and passion for the space and technology we’re building. Unfortunately, one specific investor did not make their intentions clear, like the community we are shocked, disappointed, and ultimately feel let down. It’s especially disheartening that someone with the privilege and capital to be an early round investor in Constellation would operate in such a way. The sad reality is this lack of professionalism is all too common in our industry at the moment, something that Constellation as a company is battling to change. The individual in question has been contacted by myself. The reason behind his actions were a result of our refusal to give him early distribution and privileged information on exchange listings. We take this kind of behavior seriously as it is insider trading. We will continue to uphold these standards regardless of whether it puts us at risk from actions like this. We are seeking legal advice on what remedial steps we can take with the individual and will keep you updated on this. Our price has stabilized and we’ve been in touch with our strategic investors to normalize and address the situation. We’d like to thank the community for rallying to our support (you know who you are) during this minor blip. We’ve said it before but we’ll say it again — we’re in this for the long-term. Anyone who takes the time to read the whitepaper, research the team and review our content knows that. There were accusations in Telegram yesterday that indicated that the volatility was a result of founder tokens being sold. Let me be very clear and concise — we will never undertake any selling of tokens on exchanges. We have large institutional OTC partners that these types of sales will be executed with if and when they happen in the future. This includes any tokens sold to cover the employee and founder tax liability with the IRS for April 2019. In an effort to maintain transparency here is a current audit and balance matrix showing liquid supply and upcoming token movements. We will send an announcement when we are going to move token balances in cold wallets and the reason behind the move well before they happen from now on. The final circulating supply of $DAG tokens will be: 628,341,430.42 This is until the first unlocking period the takes place on December the 1st, 2018. Constellation Token Balance Audit (in Google Sheets): https://docs.google.com/spreadsheets/d/1WKcl6z3APqP-VT7uBIKB7NtWI2pUaJBbBBrnV5e7lZU/edit#gid=0
We will follow up in the next 48hr with more detailed lockup timelines for the next 10 years to the market can understand how the liquidity will increase over this time. Many thanks for all of your support and we will be releasing more product updates in the next 48hrs, including a demo of our testnet. Kind regards, Brendan |
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constellationlabs (OP)
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June 21, 2018, 03:58:52 PM |
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constellationlabs (OP)
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June 22, 2018, 05:57:37 PM |
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