What Is Lambda?
Lambda (LAMB) is a cryptocurrency of the Lambda blockchain project that provides data sharing services for dApps as well as data privacy protection, provability of ownership, and distributed intelligent computing. Thanks to Sharding technology, the project has a high network speed, which increases with the expansion of the blockchain. With sub-chain technologies, the project provides future-oriented maintenance capabilities with huge network scaling. Shortly after the launch, the project was in the top hundred cryptocurrencies by market capitalization, and by the middle of 2019, the LAMB cryptocurrency became one of the most profitable investment instruments in 2019.
Lambda coin is a digital currency within the Lambda storage network. It is a token based on the ERC-20 standard, which operates on the Ethereum platform. It is used for storage mining, storage space trading, and other things on the special marketplace by its users, storage miners, and validators.
Pros and Cons of Lambda
Advantages of Lambda coin
Lambda project has a flexible data structure, a powerful programming interface, and an efficient backup of this data. And with the development of the Lambda project, the number of service centers will increase with features such as distributed cache and distributed memory sharing. In addition, the distributed relational database and computing mechanisms will be combined as parallel networks, to provide external infrastructure services via the Lambda platform. In the end, the cloud will be an organized and managed data management system that has been created, covering tens of millions of nodes, where they can be easily used. Lambda coin has massive support from companies and industry leaders such as Bitmain, FBG Capital, Zhen Fund, Metropolis Capital, FunCity Capital, Sparkling Capital, and Bluehill. Given that all the new features are implemented and the support continues, Lambda coin has the potential to climb its way to the top.
Disadvantages of Lambda coin
Being a part of the eponymous project, Lambda coin caters to the needs of a specific niche of cryptocurrency users and may not appeal to the majority. While the ICO was a success, it’s important to keep an eye on the future development of the project to decide whether it’s profitable to invest in this cryptocurrency.