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Lambda is a blockchain dedicated to the creation of a decentralised network for data storage. According to the whitepaper, many blockchain projects suffer from the challenges of throughput (transactions per second, or tps), data storage and data interoperability. Centralised finance can still offer tps far greater than any blockchain and many blockchains are not readily designed to handle large amounts of interoperable data storage. As a result, many decentralised applications (dApps) face challenges upon startup. Lambda looks to tackle these issues by allowing data to be saved on different chains and blocks according to data type. The project is focused on building an infrastructure for dApps so that they can utilise this new data-storage technology. Components of the infrastructure will include multi-chain data co-storage, cross-chain data management, data privacy protection, and provable data possession (PDP). The core of these services will be built on the LambdaChain consensus network. LAMB is the native cryptocurrency of the Lambda ecosystem and was developed on the Binance Smart Chain (BSC). The token is primarily used to pay for all services of the Lambda network and to encourage the network of validators. Those that wish to validate transactions in the network need to stake LAMB tokens. The token also provides a reward system for those that provide data storage capacity.
Lambda (LAMB) is the 1176th largest cryptocurrency in the world by market cap, valued at $9,074,695. The current price of Lambda is $0.00487055, which is -1.928% lower than yesterday. Prices have ranged between $0.00508721 and $0.00484325 over the past 24 hours. All prices are listed in US dollars and accurate as of January 24, 2022 08:01 UTC.
| Coin symbol | LAMB |
|---|---|
| Coin Marketcap | US$9,074,695 |
| Total LAMB supply | 6,000,000,000 |
| Circulating LAMB | 1,861,111,097 |
| Current price | US$0.00487055 |
| All time high | US$0.27618 |
Historical prices compared with the price of US$0.00487055.
| 1 hour | -0.93% |
|---|---|
| 24 hours | -1.93% |
| 7 days | -23.61% |
| 14 days | -20.29% |
| 30 days | -21.38% |
|---|---|
| 60 days | -53.15% |
| 200 days | -66.09% |
| 1 year | -77.31% |
Disclaimer: Cryptocurrencies, including Lambda, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LAMB is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Lambda or any other cryptocurrency discussed.