ICO projects Mainnet&Testnet progress report, 2nd episode by CryptoDiffer

This article covers some of the ICO projects that conducted their TGE in 2018/2019. We aimed to investigate the following details: What is the status of product development? How long did the development take? What was actually done?

This is the second article, therefore the list was limited to ten projects, which managed to provide us with the information first.

Fusion

 

ABOUT THE PROJECT

The Fusion blockchain is an infrastructure protocol designed to connect both traditional and crypto finance systems that support digitized assets. By leveraging the power and functionality of Fusion’s decentralized blockchain; banks, financial institutions, businesses, governments, and individuals can participate in the tokenized economy.

Fusion’s first live network release was an overwhelming success with innovations like Time-lock, Quantum Swap, New Asset Creation and Universal Short Account Numbers (USAN) running smoothly. Fusion also implemented one of the first fully-fledged versions of Proof of Stake consensus which enables secure, decentralized consensus without the need for computationally expensive Proof of Work mining. The next version of the network will include a complete interoperability solution using the patented Distributed Control Rights Technology (DCRM).

TESTNET | MAINNET

The first version of Fusion’s network called the Payable Staged Network (PSN) was released on December 28th, 2018, including a Fusion Wallet, Block Explorer, Node Monitor, and API Gateway and a whole suite of innovative features. Fusion is expected to release PSN 2.0 in February and will launch its main network after PSN 2.0 has been thoroughly tested.

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE ICO

$12.3 Billion in assets have been committed to the Fusion chain by three independent companies. These assets will be locked onto Fusion when the main network is released

Fusion’s DCRM technology will be the first complete interoperability solution at the protocol layer, enabling seamless and limitless cross-chain transactions.

Fusion’s time-lock feature enables the seamless creation of financial derivatives on the Blockchain, including all the functionality of traditional financial derivatives.

Fusion’s Quantum Swap is a feeless cross-chain peer-to-peer asset exchange. Think the functionality of Atomic Swaps with the user experience of a ShapeShift but with zero fees and restrictions.

200 staking validators are already earning significant rewards on the first Fusion test net.

 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/fusion-ico

ABOUT THE PROJECT

Vite is a public blockchain based in DAG (Directed Acyclic Graph) architecture and the DPOS (Delegated Proof of Stake) consensus mechanism. Vite offers one-click token issuance and smart contract capability. Vite is a fast payment network without fees and a dApp platform for industrial and government use cases. Vite means “fast” in French and it can be thought of as a more evolved version of Ethereum and EOS.

TESTNET | MAINNET

Vite TESTNET came out in mid-November of 2018 and MAINNET is anticipated for Q3 2019. Based on the technical roadmap Vite started with, the team is one year ahead of schedule.

 

Vite began development in May of 2018. Within a few months of recruiting a full engineering team, they released a TESTNET with token issuance, token forging, super node voting capabilities, staking based TPS (transactions per second) quota, feeless transactions and their Hierarchical DPOS consensus algorithm (operating on block-lattice DAG ledger with security enhanced via Snapshot Chain). Vite also released a web wallet, a desktop wallet (Mac/Windows), an iOS wallet and an Android wallet. Vite has over 40 public super nodes mining on the network which take turns snapshotting the global ledger and producing blocks to be pushed onto the Snapshot Chain.

 

In 2018, Vite conducted a partnership and pilot program with Alchemy Foundation (formerly ACHPay) regarding a point-of-sale crypto payment solution within Don Quixote, a major retail franchise with over 160 locations in Singapore, Hawaii and Japan. Vite also conducted a partnership with MXBank, the first full service digital asset bank.

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE PRIVATE SALE

Vite is building a holistic ecosystem with their own wallet and DEX (decentralized exchange), in which a cross-chain gateway will be provided for interoperability with mainstream coins. Vite Labs is the first team in history to combine smart contracts with DAG (Directed Acyclic Graph) architecture. The Vite white paper was well received and the project completed fundraising in mid-2018 through institutional capital without conducting a public crowd sale.

 

Through the private sale, Vite raised $30 million ETH. Within half a year, they built a team of 40 people in Beijing, Sunnyvale and San Francisco. Vite engineers are from Baidu, Alibaba and Tencent which are the top technology firms in China. Vite never outsourced engineering nor marketing, therefore, 100% of the progress and capacity are the result of in-house talent.

ADOPTION USE CASE

Vite Labs is a decentralized ecosystem of blockchain solutions; Vite has a web wallet, iOS and Android wallets, decentralized exchange (DEX), crypto powered e-commerce platform, payment infrastructure without time lags nor fees, point of sale (POS) solution for merchants, smart contracts, one-click token issuance and a platform for decentralized applications (dApp). Whereas other firms focus on single items from this list, Vite offers a holistic set of decentralized solutions that work well together. For example, if a project creates tokens on top of Vite, they can be immediately listed in Vite’s own DEX.

Among the opportunities Vite identified are 1) bringing more transparency and efficiency to public sector agencies and public financing 2) enabling financial transactions for legal yet unbanked industries including cannabis 3) preserving property rights and digital identity in places where rule of law is questionable 4) building a payment network that does not depend on a centralized solution.

To give an example, Vite is working with the City of Syracuse and its Office of Innovation in order to create a peer-to-peer funding platform to connect low-income renters to people willing to provide short-term, no-interest loans or grants for security deposits and other emergency housing funds. Vite believes in serving meaningful social use cases rather than creating cosmetic partnerships. Vite’s project with Syracuse is through Startup-In-Residence, a program of City Innovate Foundation which matches governments with technology firms to solve specific problems. Vite is listed among 40 teams chosen from 700 applications.  

 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/vite-ico

TE-FOOD

ABOUT THE PROJECT

TE-FOOD is a farm-to-table food traceability solution on the blockchain, covering all logistics and food quality activities of the supply chain. As a top-to-bottom solution, it provides all element to make food supply information transparent: physical identification materials, client applications for food companies, consumers, and authorities, as well as a scalable blockchain ledger, called the FoodChain. TE-FOOD has more than 6000 business customers and serving daily 400 000 business transactions.

TESTNET | MAINNET

Testnet: 2018 October

Mainnet: 2018 November

Block explorer: https://explorer.te-food.com/

The FoodChain has over 1 100 000 transactions since November, or 28 000 transactions and 40 000 operations per day on average.

TE-FOOD is currently amongst the top 15 blockchains by daily activity according to https://blocktivity.info/ .

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE ICO

Customers and partners:

Auchan

After piloting TE-FOOD for almost 24 months in Vietnam, global supermarket giant Auchan decided to implement it in five countries (France, Italy, Spain, Portugal, Senegal). The implementation already started in France, the other countries will follow during 2019.

Cofidec

high-quality frozen food producer Cofidec implements TE-FOOD for processed food traceability

Deloitte

TE-FOOD was seeking for a global sales and implementation partner, which is trusted by governments and large companies. We partnered with the Hungarian branch of Deloitte for this reason.

Nongshim Data System

We partnered with the IT branch of Korean food giant Nongshim to provide blockchain based traceability solutions in South Korea.

FAO

The Food and Agriculture Organization of the United Nations partnered with TE-FOOD to achieve a better understanding of blockchain technology and its implications for the statisticians responsible for official statistics of the livestock sector.

United Nations SFS Programme

TE-FOOD is accepted by the United Nations as a partner to the Sustainable Food Systems (SFS) Programme. This helps us to access food industry professionals and companies which are also a partner of the SFS Programme.

TERRA

TE-FOOD is selected to join TERRA Food & AgTech Accelerator’s program. After assessing hundreds of applications, they shortlisted 160 startups to pitch their ideas, finally selecting 17 to start pilot projects. TE-FOOD is one of the 17 selected applicants, as the only German company.

GS1

TE-FOOD and GS1 partnered to implement GS1 standards for products, locations, and events in the traceability processes of TE-FOOD.

Tomochain

to work on a long term blockchain solution for the FoodChain.

Tier 1 Network

To enter the Indian market.

University of Debrecen and Laurel Group

To develop a blockchain based food traceability training material, joint R&D projects, and wine traceability implementations.

Telenorma AG

To sell and implement TE-FOOD in Germany.

BIG GROUP S.r.l

To provide sales and implementation capacity towards potential Italian customers.

HalalTrail

To provide a tailor-made traceability solution for the halal food industry.

Wyoming Certified Beef

To provide traceability solution for free-range cattle ranchers in the USA

Trace Alliance

To provide a multichain solution for food companies.

QSM

To sell and implement TE-FOOD in Poland.

New Zealand Trade Centre

To implement food traceability for exported New Zealand fruit products, as well as for fruit products imported from Vietnam.

“We think 2018 showed that the only long term values are a recognition (by key industry players), compliance (to regulations), and adoption (by customers). Overhyping project concepts destroyed the credibility of this industry, and only real business results can improve it. We are working on expanding our markets, and onboarding new customers. Food traceability has now a momentum, an increasing exposure, as more and more people are unsatisfied with the lack of information about the provenance and quality of their food.”

 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/te-food

LTO Network 

ABOUT THE PROJECT

LTO Network’s infrastructure allows different parties, with competing for economic and/or political interests, to work within the same processes without the need to trust one another or a third party. To facilitate this, LTO Network has developed Live Contracts. Similar to a Smart Contract, a Live Contract provides a dynamic method for defining logic on the blockchain. However, the purpose of a Live Contract is not just to determine the state of a process, but to actively instruct humans and computers about the steps it contains.

In other words, a Live Contract is a workflow. A workflow is a sequence of related steps or processes that are necessary to complete a particular task. Think of it this way: a workflow has rules, where a certain action triggers another action, and so on.

TESTNET | MAINNET

LTO Network mainnet was launched at the same time as the ICO began on 14 Jan 2019.

LTO Network has its own native mainnet tokens and ERC20 tokens that can be converted in both ways through Troll Bridge. ERC20.  Mainnet tokens are not tradable on exchanges. They are used to set up a node and to generate a native transaction in LTO Network blockchain.

Crowdsale ERC-20 tokens are tradable on exchanges (BitMax, Bilaxy, IDEX, more exchanges soon).

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE ICO

Despite the fact that ISO was conducted about a month ago, the project has already managed to show itself.

1)>40 active nodes in the LTO Network

2)Over 3m tokens were burned through Bridge Troll forever. 4m ERC20 tokens were moved to mainnet. That shows an interest to the project in long-term prospective.

3)LTO Network is a part of Messari Transparency Verified projects. Company background, sale stages, audits, and so on – in a super transparent fashion with a slick UI.

LTO Network has a significant number of partnerships and existing clients because LTO Network’s journey began in 2014 as LegalThings. In 2019 they are planning to start migrating existing clients to decentralized workflows, upgrade their product and expand IoT sector.

We took a look at LTO Strategic Business Plan for 2019 and here is what we liked about it:

Land & Expand strategy:

– Anchoring (Data anchoring is the process of creating timestamped proofs of existence of data by leveraging blockchain technologies.). Blockchain products should gradually be integrated into businesses. That is why LTO network introduces anchoring, as a stand-alone feature. LTO plans to become №1 Иlockchain in anchoring txs reaching 15M anchors per month (0.02 USD per anchor).

– Decentralized workflows. Anchoring is a great use case. When business tries it, it is a lot of easier to upgrade to something a little bit more complicated such as decentralized workflows. That is the idea behind land first, then expand strategy.

That is a good example of ready to business approach that should replace endless «our team is working hard to research in order to deliver testnet and research more afterward to deliver mainnet» in order to bring back trust to ICO as a method of crowdfunding.

 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/lto-network

Fantom Foundation

ABOUT THE PROJECT

The Fantom Foundation is currently developing its own protocol level distributed ledger technology named ‘OPERA chain’. The product utilizes their own consensus mechanism that they have named the ‘lachesis protocol’, a gossip protocol that can theoretically achieve higher throughput than traditional blockchains and DLT solutions such as, but not only, Ethereum, Bitcoin, and EOS.

Fantom is looking to pursue real-world adoption by tapping into its ecosystem partner’s networks and hooking up the technology to use cases within Foodtech and payments for example. These partners include the likes of Oracle Korea, Softbank SBCK Korea, Danfoss, POSbank, and many other large conglomerations.

TESTNET | MAINNET

The first release contender for Fantom, also known as our testnet, was released to the public in late-December 2018. It was delivered a quarter earlier than originally planned, and the mainnet that is conservatively scheduled for Q3 2019 is also likely to release early at the current rate of development. The testnet has been able to achieve over 25.000 tps currently and is said to be one of the quickest distributed ledgers/blockchains of which the code is publicly available.

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE ICO

Fantom is working closely with POSbank, which facilitates more than 80% of all point of sales transactions in South Korea, through POSbank Fantom is looking to push FantomPay into mainstream adoption.

Fantom has also managed to pull KG mobis/inis into its payment ecosystem, which is one of the largest online and mobile payments providers in South Korea.

Fantom has been making significant strides in researching about Lamport timestamps, dominator relationships, and gossip protocols in general. Fantom’s technical whitepapers were taken into Cornell’s arxiv.

 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/fantom

NKN

ABOUT THE PROJECT

NKN is the new kind of P2P network connectivity protocol & ecosystem powered by a novel public blockchain. NKN uses economic incentives to motivate Internet users to share network connection and utilize unused bandwidth. NKN’s open, efficient, and robust networking infrastructure enables application developers to build the decentralized Internet so everyone can enjoy secure, low cost, and universally accessible connectivity.

TESTNET | MAINNET

TESTNET

V0.1 “Firefox” release: June’16, 2018.

> Live testnet deployed in 15 regions globally

> Preview of SDK for dAPP experiments

V0.3 “Lemur” release: August’30, 2018 on time

> Optimizing scalability and efficiency

> SDK alpha release: NKN-chat app

> Permissionless tesnet open to public

V0.5: “Koala” release, October’30, 2018 on time

> Enhancing attack resistance

> larger scale testnet: 5,887 nodes globally, out of which about 100 were run by team

> SDK Beta release: Space Cats 3D game

V0.7: “Meerkat” release, Jan’18, 2019 (two weeks ahead of schedule).

> Full-featured and final version of testnet with complete implementation and performance

> SDK v1.0 release: d-chat messenger

> Fast and stable: around 5,000 nodes globally, only behind Bitcoin and Ethererum in terms of full consensus nodes.

MAINNET

V0.9 “Beluga” release: March, 2019

> Further develop and improve NKN core system based on status of the TestNet

> Further improve attack resistance

> Develop network-intensive dApps based on NKN ecosystem

V1.0 “Narwhal” release : June, 2019

> Launch final NKN MainNet

> Launch NKN ecosystem

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE ICO

NKN has been non-stop building their testnet towards mainnet. NKN is a brand new public blockchain written from ground up instead of forking any existing code base. NKN has consistently met or beaten NKN own roadmap schedule.
> NKN has their own consensus algorithm MOCA which scales to more than millions of nodes reaching consensus, in addition to provide up to 10K tps without sharding or side chain.
> NKN has their own p2p communication stack nnet as well as highly efficient message broadcast mechanism (better than gossip protocol)
> NKN has super simple-to-use client SDK in many languages for any application developers to use NKN p2p networking with only 4 lines of code.
> NKN has built a vibrant tech community with developers and miners, contributing to core module development, clients, dashboards, and technical documentation.

 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/nkn

QuarkChain

ABOUT THE PROJECT

QuarkChain is a flexible, scalable, and user-oriented blockchain infrastructure by applying blockchain sharding technology. It is one of the first public chains that successfully implemented state sharding technology for blockchain in the world. QuarkChain aims to deliver 100,000+ on-chain TPS. Currently, 14,000+ peak TPS has already been achieved by an early stage testnet. QuarkChain already has over 70 partners in its ecosystem. With flexibility, scalability, and usability, QuarkChain is enabling EVERYONE to enjoy blockchain technology at ANYTIME and ANYWHERE.

TESTNET | MAINNET

Debut listing of QKC on Binance at June 5th 12:00 AM GMT+8, 2018

Public testnet 1.0 has been launched since July 7, 2018, with 14,000+ TPS on the peak.

QuarkChain Testnet 1.0 was built based on standardized blockchain system requirements, which included network, wallet, browser, and virtual machine functionalities. Other than the fact that the token was a test currency, the environment was completely compatible with the main network.

 

Opened source codes on Sept. 17, 2018

QuarkChain testnet 2.0 was officially launched on Dec. 1, 2018.

Testnet 2.0 further improves the openness of the network. In addition, Testnet 2.0 allows community members (other than citizens or residents of the United States) to contribute directly to the network, i.e. running a full node and mining, and receive testnet tokens as rewards. QuarkChain Testnet 2.0 supports multiple mining algorithms, including two typical algorithms: Ethash and Double SHA256, as well as QuarkChain’s unique algorithm called Qkchash — a customized ASIC-resistant, CPU mining algorithm, exclusively developed by QuarkChain. Mining is available both on the root chain and on shards thanks to QuarkChain’s two-layered structure. Miners can flexibly choose to mine on the root chain with higher computing power requirements or on shards based on their own computing power levels.

 

QuarkChain Wallet — qPocket (V1.1.0) has officially launched on Dec. 7, 2018.

qPocket supports QuarkChain ecosystem, Ethereum ecosystem, and Dapp.

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE ICO

QuarkChain project has entered a period of fast development, achieving many milestones in the past six months. QKC has debut listed on Binance in June. QuarkChain Testnet 1.0 was officially launching on July 7, 2018. A live demo of Testnet 1.0 was carried out and the peak TPS has reached 14,000+ during the demo. On Sep. 17, 2018, we open-sourced the python implementation of QuarkChain on GitHub. QuarkChain 2.0 mining event was officially launched in Dec. 1, 2018. Thousands of nodes and hundreds of clusters formed by community members joined in the testnet 2.0, which enable the whole network to congestion-free, smooth and stable. After 6 months of research and numerous testing, QuarkChain Wallet — qPocket (V1.1.0) has officially launched on Dec. 7, 2018, and qPocket 2.0, a mobile wallet with dApp store was updated on Jan. 2019.

70+ high-quality projects have been added into QuarkChain ecosystem universe. They offer a wide range of services in multiple mainstream fields including big data, games, lending, industrial services, and DApp platform.

QuarkChain Community and Ecosystem Milestone(2018)

QuarkChain Asian Tour

QuarkChain held a series of offline meetups in Asia. We have been to Kunming, Peking University, Seol, Shanghai, Hangzhou, Shanghai Jiaotong University, Singapore and Beijing to deliver speeches and interact with local blockchain enthusiasts and QuarkChain supporters.

QuarkChain European Tour

QuarkChain team has traveled to several countries across Europe from Oct. 31 to Nov. 9. Four offline meetups were held in Prague, Berlin, Amsterdam and Paris. During the 10-day trip in Europe, Dr. Zhou and Anthurine Xiang also participated in several influential events in Europe.

Ecosystem Partnership

We announced a strategic partnership with NH Investment&Securities. The two parties will focus on developing the blockchain technology and platform which will be applied in the financial market. NH Investment&Securities is one of the largest securities companies in Korea which manages $220 billion in assets and offers a wide range of financial services. QuarkChain has launched partnership with 70+ high-quality projects and QuarkChain ecosystem universe is continuing to expand.

Ambassadors

QuarkChain officially launched the Global Ambassador Program on Nov. 7, 2018. The first batch of ambassadors has been announced. They are from China, France, India, Vietnam, Russia, Malaysia, Nigeria, Peru, Spain, Slovakia, Ukraine and other countries.

Bounty Program

QuarkChain announced a bounty program on Dec. 22, 2018. Community members have and will help us build a more active, friendly and valuable community by fulfilling the tasks we published, and get community cumulative points as a reward. The more contributions one makes, the more rewards one will receive.

 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/quarkchain

Liquidity Network

ABOUT THE PROJECT

Despite their potential, existing blockchains such as Bitcoin and Ethereum can only process tens of transactions per second – comparable mainstream payment systems process over thousand transactions per second. Off-chain payment channels have been proposed to substantially increase the blockchain’s transaction processing capabilities. The Liquidity Network can support millions of users securely, reducing transaction costs significantly and enabling the mainstream adoption of blockchain in micropayments, off-chain atomic exchanges, etc. Liquidity Network allows any member of a payment hub, to pay any other member of a payment hub instantly at zero transaction fees in a completely trustless manner. The Liquidity Ecosystem stems from a symbiosis between two novel academic innovations: the Liquidity Hub NOCUST and REVIVE. The Liquidity Wallet apps (IOS and Android) are the first bi-directional off-chain wallets that run on Ethereum mainnet.

TESTNET | MAINNET

+ Mar 2018 – Public Testnet: Offchain ETH transactions on Rinkeby network

+ Jun 2018 – Public Beta Mainnet: Offchain ETH transaction on ETH mainnet, maximum conversion from onchain to offchain: 0.001 ETH.

+ July-Aug 2018 – Mobile wallet to support off-chain transaction released on IOS and Android.

+ Oct 2018 – Unrestricted Mainnet: Unrestricted transaction amounts for off-chain ETH and Off-chain ERC20 support.

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE ICO

+ We were excited to release the https://achievement.network, an open source, free and interactive educational platform to learn how to program solidity based smart contracts and more about blockchains.

+ Our Android and IOS app were released, totally about 12000 downloads so far.

+ Unrestricted mainnet was launched which allows unrestricted offchain transaction amounts. Also LQD will be employed to purchase SLA (Service Legal Agreement) for unlimited offchain transfers.

+ We released another academic paper called NOCUST, complementing our existing REVIVE paper. We believe that the proper, formal write-up and security analysis of the Liquidity.Network will help the community to better understand and value the novelty brought forward by us.

+ We ran simulations with 100 thousands users making transactions on the payment hub. Moreover the hub showed high uptime and has proven to be very stable.  

Tech Roadmap ahead:

+  New mainnet hub

+  Passive Accepts

+  Mobile app v2

+  Liquidity NOCUST client

+  DEX testnet

+  Open sourcing of smart contracts

 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/liquidity-network

DAV Network

ABOUT THE PROJECT

DAV is an open source software platform that allows anyone to buy or sell transportation services in a decentralized market.*DAV*integrates into any vehicle (car, drone, ship), enabling those vehicles to discover, communicate, and transact with one another.

TESTNET | MAINNET

The DAV network was live and operational as of May 2018. All milestones were hit on-time or early. You can see DAV roadmap here: https://dav.network/#roadmap  

DAV Alliance members can be seen here: https://dav.network/#alliance

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE ICO

-A commercial entity is currently developing a micro mobility app to use on the DAV network. It will be the first real-world crypto-backed mobility application that provides anyone with the ability to start their own community-based electric scooter business: https://dav.city

-We have built out our DAV Alliance with 25+ member companies that are innovating in the new mobility space.

-Ongoing discussions with organizations ranging from multinational firms (including some of the giant automakers) to bleeding-edge startups. 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/dav-network

Lambda

ABOUT THE PROJECT

Lambda is the leading decentralized infrastructure project providing secure, reliable, and infinitely scalable decentralized storage network that enables data storage, data integrity check, security verification, and marketplace for storage-related services on the Lambda Chain Consensus Network.

TESTNET | MAINNET

Lambda launched its Testnet on January 29th 2019, and the Main-net is expected for Q2 2019. Currently Lambda’s Testnet has 31 Validator nodes and handles 5000 TPS with consensus time 10 seconds. We also launched an early miner recruitment program with the Testnet and the response we received was completely unexpected. Out of 128 candidates 33 got selected for the first phase which consists of well known Institutions, mining machine manufacturers, investment agencies and Blockchain industry practitioners.

The Lambda main network mainly consists of the following components:

Consensus Network: Composed of thousands of nodes, the Lambda consensus network acts as a consensus protocol based on VRF and BFT. LAMB transactions can be completed in the network. It also acts as a connection between storage resource providers and storage users, to empower them with functions such as matching, billing, rewards, penalties, and data verification, thus ensuring that the decentralized storage is safe, verifiable, and flexible.

Storage Network: The storage and consensus networks in the Lambda system are logically decoupled. The heterogeneous storage network is capable of diversified, decentralized and other types of storage capacity but the process must always follow the Lambda’s data integrity verification protocol.

Marketplace: Lambda supplies service providers and users with trading capacity. Users rent and pay for storage space, while storage service providers obtain the appropriate service revenue. Transactions are completed through non-high-frequency operations, after which users can obtain real-time storage service capacity, without the need for real-time matching between storage and retrieval resources. This enables real-time access to resources, making Lambda a public BlockChain with an accessible application.

Development Kit: An important technical component of Lambda’s storage ecosystem, the development kit provides universal storage access capacity, including upstream and downstream data interfaces compliant with the existing cloud storage interface specification. The development kit not only enables users to seamlessly enter the Lambda ecosystem as it also allows other storage solutions to be connected to Lambda making it a heterogeneous storage network that provides services for different storage requirements.

TestNet Explorer:  http://explorer.lambda.im/#/

KEY FACTS ABOUT THE PROJECT PROGRESS AND WORK DONE SINCE ICO

The core part to a decentralized storage project is the proof of data integrity that being stored on the p2p natured permissionless network, both FileCoin and Lambda use PoST algorithm to reach this goal, Lambda’s idea is to iteratively implement a blockchain-based PDP and POR system through the prototype system and realize all the advantages of PoST, such as continuous challenges and random challenges on the chain. Lambda believes that in the case of non-Blockchain, in another verification algorithm different from POR, a PDP algorithm can be constructed; assuming a trusted third party, through a certain probability, to verify the data holding, and the verification results are stored in an explicit and non-tamperable manner. Then, this credible third-party audit, also known as TPA, must be able to pass the verification results through the chain to achieve non-tamperable results and a single-point trusted verification process must also pass a set of semi-trusted Validator nodes. Wherein consensus is completed.

The main dissimilarity from FileCoin is Lambda’s use of Validator nodes and roles, which streamlines the project development. Today, Lambda’s open PoST implementation using the Validator node provides new ideas and research directions for distributed storage and blockchain storage.

GitHub: https://github.com/LambdaIM/

Other info you think will be interesting and useful, like the product use-cases.” is this for them to fill or are we to come up with these?

– IoT

– Big Data

– Market for Data

– Decentralized Storage

– Platform Blockchain

Keep calm and #BUIDL, we are proud of what we have achieved so far and we are working even harder to make 2019 and coming years successful for lambda.

We are actively adding more partners to use services of lambda once the Mainnet goes live. Currently we have strategic partnerships with following projects which will be using services offered by lambda.

1.IOST ( Internet of Services)

“The partnership between Lambda and IOST provides secure and scalable transaction ability and storage service, resolving the trust issue between users and the storage side through verification and consensus of a distributed node.”

https://medium.com/@Lambdaim/lambda-continues-successful-partnership-with-iost-advocating-a-more-decentralized-blockchain-72b7bd47bdf1

2.Perlin

“Together, Perlin and Lambda will be driving key business innovation to develop distributed storage and distributed computing capabilities for an enhanced blockchain infrastructure. Additionally, the technical partnership advances computing and storage capabilities for shared decentralized applications (DAPPs) users.”

https://medium.com/@Lambdaim/decentralized-blockchain-infrastructure-innovator-lambda-announces-strategic-partnership-with-f78d5fafee11

3.VV Share

“Lambda and VV Share, Slife, the FunCity Digital Economy Research Institute jointly announced the launch of FLOW, a shared economy public-chain alliance, to build a future shared economy chain infrastructure. Lambda will link all affiliate economies (public chains) through the BCP agreement to provide decentralized storage services for the entire ecosystem.”

https://medium.com/@Lambdaim/lambda-supports-vv-share-to-create-a-complete-blockchain-economic-sharing-platform-9760cbb74abd

4.DATA

“Lambda and DATA will work towards a data trust alliance that could provide creative, secure and implementable solutions for a number of sectors including internet and finance.”

https://medium.com/@Blockchain_Data/data-announce-partnership-with-lambda-2a33a97f3215

5.BitMax.io

“Lambda looks forward to delivering on an exponential impact to the decentralized storage market in the cooperation with Bitmax.io as our listing partner.”

https://ambcrypto.com/lambda-and-bitmax-io-exchange-form-a-strategic-partnership/

 

 

✅ Check all information about the project on CryptoDiffer 👉https://cryptodiffer.com/lambda-ico

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Vladyslav Skakun
thecryptodiffer@gmail.com

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