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Lambda (LAMB)

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Lambda is a blockchain infrastructure project which “provides decentralized applications data storage capabilities with unlimited scalability,'' according to the project’s whitepaper. 

Decentralized storage is Lambda’s primary focus and the platform uses a distinct consensus mechanism called Proof of Space Time (PoST) to offer a high level of data security. 

There are 5 major elements in the Lamba ecosystem: the marketplace, users, validators, storage miners and retrieval miners. The storage miners provide the storage space, for which they are rewarded, and the validators verify the data integrity. The users can rent services from the marketplace for which they will have to pay. Storage and retrieval miners also have to pledge a certain number of LAMB tokens in order to play the role. There is also a second token called the Lambda Space token (LAMBS) which represents pledged storage space.

Lambda recently launched the testnet version of the platform. Unfortunately, however, there is not too much in the way of how development is progressing. The project’s paper states performance optimization of validator storage verification, optimizing the consensus protocol and opening up a contracting capacity are some of the key areas being worked on.

 


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21 Feb 2020 5 minute read 1 comment CryptoChartWizard91

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14 Nov 2019 7 minute read 0 comments Mr.CryptoWiki

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5 Nov 2019 6 minute read 3 comments Mr.CryptoWiki

Lambda is a blockchain-based decentralized storage solution. In other words, it is a decentralized ecosystem that promotes high capacity storage for decentralized applications. Not only that, but Lambda also supports multi-blockchain data cooperatio...

Lambda coin: A coin rewarding users for sharing their hard disk computing space to validators to retrieve data of different Dapps

1 Oct 2019 5 minute read 1 comment QuintoTrader

    Lambda coin is a native cryptocurrency of the Lambda chain network platform created and issued on Ethereum blockchain network platform whose transaction takes place from one peer to another without involvement by the government thus is being co...