The impact on the blockchain industry to developing the storage public chain

This article is a recap from our founder Xiaoyang He live show in the community.

As discovering the human evolution from a broader perspective, many development processes in the history are complicated, which are curve cycles. During the process, it will generate many species. This is similar with the evolution of animals; which the evolution’s direction is radiative instead of unilateral. If evolution species are unable to adapt to the environment, it will eliminate soon. Those species can adapt to this environment will survive with strong ecology position until the next big evolution of the environment.

A book of “The Beak of The Finch”, which a subtitle named as “ A Story of Evolution in Our Time”. According to the book, Darwin haven been to Galapagos Islands, since he planned to have the global tour by ship. Because of these experiences, Darwin wrote the masterpiece “On the Origin of Species”.

Many industries’ developments are following the same cycle, such as IT industry. Blockchain and cryptocurrency are two complementary fields. However, the concept of these industries is not exactly same. Many of blockchain founders have misunderstanding for these two words, that is a huge problem.

At the beginning of the blockchain, Bitcoin is not only a chain but also a chain infrastructure to carry a cryptocurrency. As Regard of Ethereum, it is an infrastructure for the issuance of cryptocurrency assets. The drawbacks of ETH are very obvious that have seen inconvenient to use. Therefore, many people plan based on Ethereum to add value and innovate a new project. From our founder Xiaoyang He, we need to redefine the blockchain industry and related technology.

According to a very well-known science fiction “Difference Engine”, the story shows a man Babbage who invented the first difference engine in the world. The book also called steampunk as it created in the British steam era. To be frankly, the first programmer Ada was the daughter of the poet Byron. In this era have the first computer and program. However, the machine doesn’t work very well. People require to rely on mechanically driven gears to do calculation, so as to occur errors. For blockchain technology has same situation. Blockchain is not a mature technology. On the contrary, it is a leading technology in development. It is possible that all blockchain projects are “difference engine” today. Our ideas are symbol as immature products. No matter industry revolution or the decentralized data storage platform, they are trial products which are ‘must’ products in historical revolution process.

Many public chains are unable to use. BTC can be seen as a kind of cryptocurrency, ETH is an infrastructure for asset issuance, and EOS- a gaming application. These are relatively good public chains. These public chains are essentially a closed system which have no interactions with any other roles out of public chains. So, this show some signs of being doomed.

The logic of the real world moves in to crypto space. The strong support would be data. Whether the way human being use computers at present or in the future, our eyes will see monitors to insert data manually. Any systems must have data flow in and out.

The main problem is model of public chain. Chains carry out very limited data and limited transactions. It deals with social behaviors about transactions between people. Public chains have difficulties to face the business logic between people and people, people and machine. The public chain depends on the ledger, which require read the same data for each node. Then, in some cases, for example, in the end of election, a complete calculation of hash, a node can modify this ledger. However, the data in the ledger is the same, which means that all people can only use a very limited data storage space, about one hundred GB for BTC or ETH. In the case of this model, it is hardly to do other things.

Many people agree with TPS restricts the development of blockchain. Recently, the two-layer network has developed greatly. The transactions can be fast as long as the final result can confirm on the chain. The most fundamental problem is that the public chain can’t solve data issues. Public chains are definitely contrary to people’s intention of using the blockchain without data storage.

Lambda is dedicated to change the current blockchain basic model. A decentralized peer-to-peer system must be able to process transfer data easily.

In terms of technology, Lambda has realized and published the PoST space-time proof for the first time in the world. It has innovatively introduced the VRF+BFT consensus algorithm into the Lambda Chain consensus network, which has guaranteed the operation efficiency and reliability of the network and achieved numerous technical breakthroughs such as data integrity proof, multi-chain data collaborative storage, and cross-chain data management. Lambda supports dynamic data access, protects data privacy, and makes unremitting efforts for the great vision of “Return the data value to data owners”.

Official links:

🔹Github: https://github.com/LambdaIM/
🔹Official website: www.lambdastorage.com
🔹Twitter: https://twitter.com/Lambdaim
🔹White Paper: http://www.lambda.im/doc/Lambda-WhitePaper-en.pdf

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