umm.. no. velocity is not constant. It starts off at a constant rate and changes every second (could be due to gravity/air resistance etc).
I'm not that gud at explaining but here goes...
ok..velocity is the speed at which something is moving. when u throw a ball up, it goes up, slows down, stops at the max height and comes back down. so during all the time the speed of the ball is changing.
acceleration is the RATE at which the speed is changing (hence dv/dt, we differentiate the velocity equation to get acceleration). It is how much the object speeds up or slows down. In this case acceleration is constant. ( rate at which the object changing speed is -10m/s)
well..hope that helps..