What is it
DAG is a token or cryptocurrency that belongs to the project Constellation. Much less known than others such as Bitcoin or Ethereum but that we can also buy in some international exchanges. In addition, it has some peculiarities that make it unique and it moves away from the classic blockchain technology.
DAG stands for Directed Acyclic Graph and owes its name to this computer science technology on which it is based: the directed acyclic graph. What does this mean? It is a graph that has no cycles. There is no straight path that begins and ends but is considered a distributed ledger technology. DAG does not use blockchain, it does not use conventional blockchains but uses this graph in which all data sets are connected to each other.
Partners
There are all kinds of partners that support Constellation, companies from all over the world that are part of the Constellation ecosystem, as stated on its website, at all levels. Not only from the point of view of cryptocurrency but at a global level through company, community, product. In this ecosystem we find companies such as AWS or Amazon Web Services but also the United States Air Force. Or associations with companies related to the cryptocurrency sector such as Chainlink or KuCoin, for example.
Through the Constellation website we can know all its partners or the entire ecosystem with the companies that form it and support it at different levels: product (KuCoin, Yield, Chailink, Cyptoast, Grafana …) at the community level (Medium, Telegram, Twitter …) or at the business level with partners such as AWS , Dcode, IEEE, Decisive Point, MouseBelt, Portland State University, etc.
Mission and characteristics
As we have explained in previous paragraphs, DAG is based on the technology that gives it its name. Directed acyclic graph technology makes it possible to connect several nodes simultaneously And this has a number of advantages over other alternatives. For example, it offers us higher speed. It is easier and faster to validate transactions or create new transactions if we compare it with the conventional blockchain or the chain of blocks that almost all cryptocurrencies use.
Constellation, in charge of DAG, assure on their website that technologies such as theirs allow “the definition of global sovereignty with regard to data.” They claim to be a project that seeks shed light on data crisis issues, interoperability issues. “We accept how technologies they impact our lives and change the way we work. The abundance of information challenges our ethics and our values. In this way, Constellation focuses on the data sovereignty and decision-making following the path of nature ”, they collect from their website.
At the moment, Constellation is a project with intent and future projection. With ideas, with projection and with powerful partners (as we have seen before) but also solutions that are detailed on their website. They claim to be “an industry for the future, a company for the industry of the future” with all kinds of applications or businesses based on this DAG technology.
Price and technical sheet
The price of DAG, like the rest of cryptocurrencies, varies not only every day but every hour. We can consult it from specialized websites such as Coinmarketcap where can we see a chart with price evolution in the last hours, the last week, the last month, the last three months … We can get an idea of the evolution that has followed in recent times. In addition, we can see the price of Constellation at any time you want.
At the time of writing this article the price of Constellation is $ 0.1881 and the price change in the last 48 hours has been 3.80%. In addition, also on the aforementioned website we can consult other daily data at least and maximum per day (0.1875 dollars and 0.1966 dollars at the time of consultation) but also the volume of trade, the market capitalization, the level …
Maximum shares of DAG are 3,693,588,685 and the total shares are 3,711,998,690 in total. At the time of writing, the outstanding shares are around 34%.
DAG is, at the moment, in the 194th position of the cryptocurrencies registered in CoinMarketCap and has a market dominance of 0.01% today.
How to buy
We can buy DAG in the main cryptocurrency stores or main exhanges on the Internet.
At KuCoin we can buy DAG. This is an Exchange that works since 2017 and is based in Seychelles. We simply have to use the KuCoin search engine to search for “DAG” and see all the details of this cryptocurrency. Obviously, we must register and have an account to start operating.
HitBTC is another of the exchanges that allow us to buy DAG. It boasts of being a secure platform with authentication in two steps, with encryption technology … but also agile and fast to operate. HitBTC has support 24 hours a day and in different languages in case you have any questions or concerns about how to use the platform. In addition, on your help or support page we find all kinds of articles that will help us when it comes to trade with any cryptocurrency. One of the advantages is that these articles of the guide for beginners can be read in full in Spanish.
Coinbase is one of the main websites or platforms to buy cryptocurrencies and we find some of the most popular such as Bitcoin, Ethereum and many more. It does not allow you to buy DAG or trade but it is a good guide to keep in mind to follow the situation or if you want to add cryptocurrency to your reference list to keep up to date with all related news, for example. It is available in more than a hundred countries and is a platform with almost 70 million users verified so it is totally safe if you want to buy, sell, earn, save, use.