Constellation Labs is an upcoming crypto project relying on tiered solutions for speed and network safety. Cryptovest reached out to Brendan Playford, the project’s CEO, with questions of the tradeoffs between having verification tiers and creating an inadvertently faulty system of governance. The issues are pressing, since prominent projects like EOS and TRON (TRX) will rely on a system of trusted verifying delegates, and their example will show the viability of the solution. The airdrop for Constellation is coming in July.
About Constellation Labs:
Constellation is an unbounded blockchain with microservice ACIs. Its Hylochain architecture ensures high transaction throughput, allowing for consumer grade distributed applications to be built on the network. Constellation uses its innovative Proof-of-Meme machine learning algorithm to achieve consensus. This method incorporates a node’s historical participation into delegate selection, rewarding benevolent behavior. An incentivized community portal will provide an incentivized ecosystem for non-technical users to develop distributed applications on Constellation.
More and more projects are promising scaling, but also centralizing. What is the biggest problem with this approach?
There will always be a decision to make between scalability and security and current solutions that use permissioned or “centralized” validators to ensure scaling have no option to become “centralized” in the eyes of decentralized evangelists. The biggest problem with this approach is that no one solution is the fix, we believe the solution to scaling requires a tiered network where transactions are routed to certain tiers that are appropriate for the level of security and speed needed to complete efficient computation.
What are the dangers of having a limited number of nodes, or verifiers? What happens if these entities are too influential?
There is a big danger of creating a plutocracy and putting too much power and influence over a network into the hands of a few individuals. We believe that this power should be more distributed and meritocratic.
According to the Constellation team, what is the best approach to scaling?
Constellation believes the best approach to scaling is distributing power and resources in a horizontal way. This means fundamentally refactoring the way in which delegate selection works and creating a more meritocratic reputation based delegate selection model. In addition, every node on the network must contribute bandwidth into a specific tier of the infrastructure. Whether it be a simple validator node or more robust node that provides computation or bandwidth, the network must be horizontally scalable.
What is the fate of Bitcoin in an environment of many node-secured coins? Is this an advantage or a disadvantage for Bitcoin?
Constellation sees the future of blockchain as an internet of blockchains, with each chain interfacing with one another and providing cross-chain liquidity. You can think of this as the opening of commerce and economic activity between countries or communities. Each parallel or “para-chain” may exist to support a specific application or use case, but are co-mingled together into a chain-complex with atomic swaps providing liquidity.
In the end, which one is preferable - scaling, or decentralization?
We believe that a 3-generation blockchain can provide the best of both worlds by tiering and routing certain transactions to layers in a network that have both scalable and decentralized attributes.
How do you measure the success of a blockchain?
We measure the success of a blockchain on its adoption into existing consumer-grade applications with high adoption rate and existing user bases in the millions. Blockchain should be a compelling and competitive platform to existing services such as AWS and Google (NASDAQ:GOOGL) Cloud but run for the benefit of the network and its users.
Are any of these network approaches going to disappear in the future? What do you think is the future of scaling? Many volunteer nodes, or a handful of prominent nodes?
The future is many connected devices and hence nodes all connected in a new internet of interconnected devices. This self-sustaining network will bring more resources to the network as more people use its services and more devices become connected. Therefore the future is a richly diverse ecosystem of nodes being treated fairly for the resources they provide to the network.
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