On June 7, 2020, the highly anticipated distributed storage system Filecoin ended its second phase of public testing. During the test, developers and miners around the world found many bugs. At 8:00 a.m. on June 19, Beijing time, in order to prevent various problems after the mainnet went online, Filecoin decided to reset the second phase testnet and conduct another test. People gradually lost patience with this project that was repeatedly postponed and could not go online. At the same time, the distributed storage track is blooming everywhere, and the most eye-catching one is Lambda.
Lambda's two-layer network Lambda is a secure, reliable, and infinitely scalable decentralized storage network. It implements decentralized data storage, data integrity and security verification, and market-based storage transactions on the Lambda Chain consensus network, providing infinitely scalable data storage capabilities for the new generation of value Internet. Lambda's main network is divided into a consensus network and a storage network. Lambda Chain is the consensus network of the Lambda main network. The consensus network is run by verification nodes. The block rewards of the consensus network are the main component of the Lambda main network's economic incentive system. Corresponding to this is the dual token mechanism consisting of LAMB and TBB. In the Lambda ecosystem: The function of LAMB is circulation, payment settlement and payment of transaction fees. The main function of TBB is to pledge and anchor storage assets, tokenize storage assets, ensure the liquidity of storage assets, and provide economic stability support for the business needs required for storage. Lambda's storage network will be launched in late July, after completing three phases of iterations: In February 2019, Lambda conducted its first internal beta test and its second internal beta test in July, launching a stable version of the consensus network to the community. Consensus network startup phase
The launch of the Genesis Node was completed on August 25, 2019, and the distribution of TBB assets was basically completed in January 2020. Storage network startup phase
In December 2019 and March 2020, the storage network went through three rounds of testing, passed large-scale storage testing, provided a total reward of 4 million LAMB, and was fully verified and evaluated by the majority of miners. The core code was audited by a third-party security agency.
Storage Network is coming online soon Since the launch of the Lambda consensus network, the consensus network has been running stably for 10 months, with 70+ verification nodes, a current block height of 3580000+, 1000+ storage miners, and 22000+ transactions. In the latest test network launched in May, we can see that Lambda's storage network has been adjusted and is ready to go. After the storage network is launched, Lambda will officially enter the commercial storage stage. In the final sprint stage, Lambda will fully test the Lambda X protocol, which is expected to be completed in June; the verification node will upgrade the consensus network to support storage verification, and the final version is expected to be released in early July. All verification nodes need to support the upgrade, and the best time is expected to be completed in the second week of July 2020; the final storage miner will be launched, which is expected to be completed in the third to fourth week of July 2020. Compared to Filecoin, which has been unable to go online for a long time, Lambda's roadmap is clearer and has also won the support of many miners. Since Lambda's consensus network has been online for a long time, the consensus network's staking mining has attracted a large number of miners to participate, and the community has begun to take shape, which has laid the foundation for the release of the storage network. When the storage network is officially released, these staking miners holding LAMB and users who have been paying attention to LAMB for a long time will all contribute to the storage network.
In the latest LAMB economic white paper, we can see that after destroying a large number of shares of private placement and team, the proportion of tokens available to miners has been further increased from the original 40% to 51.28% of the expected total circulation. This greatly increases the voice of miners in the entire ecosystem, making the LAMB produced by mining more valuable. On the other hand, the current total number of TBB tokens is about 600,000, which can only be generated by LAMB pledge, early miner incentives, and private placement share exchange. This part of TBB cannot be reversed to LAMB. This part further reduces the circulation of LAMB and increases the income of miners. Among the miners' mining income, the total block reward consists of two parts: block reward + handling fee. These rewards will be distributed in four parts: staking mining, storage mining, block packaging rewards, and community income.Among them, storage mining accounts for 43%, that is, if a block reward is 40 LAMB and the handling fee is 2.5 LAMB, then the storage miner's income will be (40+2.5)*43%=18.275 LAMB.
What are the benefits of mining? Open Lambda's main network blockchain browser, and you can see that the number of storage miners has reached 1000+ and the number of valid verification nodes has reached 63. The top validators have staked 10,000 +TBB per person, which is equivalent to nearly 170 million LAMBs at a ratio of 1:3000. We have summarized the TBB staked by all valid validators and found that the total staked TBB is 576,000, which is equivalent to 1.728 billion LAMBs. Although this simple conversion is relatively rough, because TBB is obtained from private placement shares, and the circulation of LABM has not yet reached this number, we can see the confidence of the verification node from the number of stakes and the proportion of each validator's online time. Now let’s look at the situation of storage miners. Even though storage mining has not started yet, storage miners have already pledged TBB and are ready. Unlike the source of TBB for verification nodes, most of the TBB of storage miners is exchanged by LAMB at a fixed ratio of 1:3000, and then they pledge TBB to obtain TB space. We also processed the data and found that the total TBB of storage miners is mostly between 1-100, and the top storage miners are no more than 1000+TBB, which greatly reduces the monopoly of storage miners and is more friendly to miners. To become a storage miner, the threshold is relatively much lower than that of a verification node, but the income is not cheap. After the storage network is launched, we expect that storage miners can get a good income.
He Xiaoyang, founder of the Lambda project, said in an interview: "There are currently no mature projects in the storage track, but 2020 may be the year when storage-related public chains are launched in large numbers, which will definitely bring changes to the entire blockchain industry. Storage projects are easier to commercialize, so after the blockchain industry de-bubbles, the value of infrastructure that is easier to commercialize will also be reflected." With the commercialization of storage brought by Lambda and the launch of more distributed storage projects in the future, the world will be changed, blockchain will be given practical application value, and blockchain will be given a good name. We look forward to that day! |
