Introduction

Since its establishment in 2018, Lambda has been at the forefront of the storage and DePIN sectors, also excelling in Data Availability Sampling (DAS) and Long-term Data Retention Proofs (LPDP). By 2023, Lambda has evolved into a modular blockchain ecosystem that supports the Ethereum Virtual Machine (EVM) and utilizes smart contracts for efficient storage settlement. Currently, Lambda is undergoing a strategic transformation, moving from its proprietary consensus network to an Ethereum Layer 2 network.

The new Ethereum Layer 2 blockchain, supported by Opstack, will focus on data availability, better-serving applications involving Rollups and artificial intelligence. This will include the use of DAS with PDP algorithms and zero-knowledge proof tools (ZKG) to ensure ongoing data storage. This strategic shift aims to enhance infrastructure capabilities and integrate more deeply into the Ethereum ecosystem.

What is Lambda?

Lambda is a high-speed, advanced, and scalable Web3 AI infrastructure that seamlessly integrates an L1 blockchain with a modular storage network. Its goal is to empower AI Dapps and NFTs with a permanent data storage solution built upon EIP-4844 (LDA) and storage services (LWS). Furthermore, Lambda introduces an Ethereum-based Restake platform and infrastructure, establishing itself as a frontrunner in the realm of economic systems.

The Lambda Network will adopt a brand new technological architecture, consensus network, economic model, governance system, and smart contract system to fully support Web3 application scenarios, including NFTs, GameFi, and Digital Identity (DID). Moreover, through the data storage capabilities of the Lambda Storage network, the Lambda Network is capable of meeting the data storage requirements of various Web3 application scenarios.

The Lambda Ecosystem

Over the years, the Lambda ecosystem has spawned a variety of applications covering data storage, NFTs, domain names, and more. Below, we introduce the main three parts of its ecosystem.

Genify

Genify is the first inscription generation platform in the Bitcoin ecosystem and a leading multi-chain generative art platform covering all EVM blockchains. It has gathered over 10,000 generative art NFT collectors and hundreds of globally renowned generative artists, successfully launching over 100 editions of generative art collections.

As a multi-chain generative art platform, Genify aims to build a new paradigm for Web3 crypto art through generative art, establishing an Eastern art ecosystem. Its goal is to connect more outstanding artists and explore talents yet to venture into the art NFT domain.

Source: medium

Platform Features

• Shared Royalty Transaction Protocol: Genify believes that royalties should not be a stumbling block for platform development but an effective mechanism to promote community sharing, incentivize liquidity, and reward collector contributions. Hence, the platform will introduce an innovative shared royalty transaction protocol to build incentive pools, encouraging user participation in transactions and revenue sharing.
• Curator System: Genify is committed to establishing a thriving artist ecosystem through a curator system, building a Web3 art influence network, continuously promoting platform works, and enhancing market performance.
• Prosperous Multi-Chain Art Platform
• Full-Stack Infrastructure: Genify leverages the security, speed, and scalability of the Lambda decentralized storage network to expand a richer generative art ecosystem. Utilizing Lambda’s decentralized storage, Genify provides a full-stack module, including generative art testing, NFT transaction protocols, NFT issuance protocols, and NFT storage services.

Lambda Web3 Services (LWS)

Lambda Web3 Services, abbreviated as LWS, is a comprehensive system composed of a consensus network, storage network, and decentralized storage market. As a leading permanent storage service, LWS provides secure, high-speed data storage solutions for NFTs and DApps. To date, LWS has been deployed across multiple blockchain networks, including Conflux, serving as the secure storage provider for Genify, the largest generative art platform in the Bitcoin ecosystem, safeguarding data for over 30,000 NFT files.

Source: medium

How Does LWS Work?

The key roles within LWS include validators (consensus nodes), storage providers (storage miners), storage verifiers, and storage challengers.

Source: medium

Storage Miners, also known as storage providers, are entities responsible for storing and protecting user data to earn storage rewards. Validators are the nodes that run the consensus network, and the amount of $LAMB they stake determines their weight in the network. Currently, storage miners and validators must be the same entity, meaning one must first become a validator before they can serve as a storage provider.

Decentralized Storage: Lambda’s data storage is physically separate from the blockchain ledger, facilitated by storage hardware provided by storage miners, which can be seen as a form of outsourced data storage.

Storage Market: This is composed of a collection of EVM contracts on the Lambda network. The storage market views the storage capacity of storage miners within the Lambda ecosystem as a unified storage resource. It offers standardized LWS storage services to customers at a unified price.

This structured approach helps in decentralizing data storage, leveraging blockchain technology for security and reliability while integrating with traditional blockchain functionalities such as consensus and smart contracts to enhance the overall robustness and functionality of the system.

LWS Technical Architecture

In LWS, the effective data storage validation is directly implemented through the PDP and Sector contracts running on LEVM, decoupled from the Lambda Network consensus network. This process involves the following main roles:

Users: Data storage requesters and delegators. They entrust their data to the Lambda Storage Network (LWS) for permanent storage. Users can access and use the storage network through Filecoder, which signs the data blocks and generates tags. The file encoder enters the tag data into the challenge information list, making it available to the entire network.

Storage Providers: Data storage providers, i.e., storage miners. Storage miners need to provide storage services and prove their reliability to the network to receive incentives. They synchronize user data with a compatible IPFS network and send proofs to the PDP contract within a predetermined challenge cycle. The proofs are based on the content of the challenged data blocks, tag information, challenge information, and a random number generated by the system. After being verified by verifiers, storage providers can receive incentives.

Verifiers and Challengers: Verifiers and challengers are independent third-party entities. They can initiate storage challenges and verify the reliability of data based on publicly available information on the chain and the proofs from storage providers. They do not need to own a complete copy of the data and can be the same entity. Challengers can regularly generate challenge seeds, and anyone can become a challenger to ensure the security of network data. Verifiers can query the information verified on the chain at any time and receive incentives after verification.

Source: medium

Advantages of LWS

• Liberation of chain processing capabilities: Lambda has revolutionized its consensus network, achieving a remarkable 10x improvement in efficiency. This breakthrough significantly enhances the chain’s transaction processing capabilities. This allows the Lambda Network’s infrastructure to support Dapps and combine it with on-chain storage capabilities, forming the core of all Web3 businesses focused on storage capabilities.
• Upgrade and iteration of storage functions through contract upgrades: Lambda can upgrade storage functions and iterate through upgrading contracts, reducing the impact of frequent hard forks during the development process of the Lambda Network on storage operations.
• Using a standard pricing market to reduce storage costs by over 90%: While ensuring effective storage, Lambda reduces storage costs by more than 90%. This avoids malicious bidding among storage miners in the free market, thus infinitely increasing storage costs.

LDA

LDA (Lambda Data Availability) is a new technical standard based on Ethereum’s EIP-4844. Its goal is to fundamentally change the way data is stored and accessed on Ethereum by providing a persistent, efficient, and fully verifiable data availability layer through the Lambda modular storage. The introduction of LDA will have a profound impact on data management and availability within the Ethereum ecosystem, offering users and developers a more efficient and secure data storage and access experience.

Source: medium

In the Ethereum ecosystem, data availability (DA), staking, and re-staking have become core development themes for the blockchain in the near future. Facing the blockchain field’s trilemma—balancing decentralization, scalability, and security—the demand for solutions has become urgent. Rollup technology addresses this challenge by moving transactions off-chain.

Lambda utilizes its existing LWS storage capabilities, combined with PDP (Proof of Data Possession) and ZKG (Zero Knowledge Guarantees) technologies, to innovatively solve the DA problem and integrate it into Ethereum’s security framework. This strategic alliance not only strengthens Lambda’s DA solution but also makes a significant contribution to the entire Ethereum ecosystem, especially in providing AVS (Advanced Validation Services), Layer 2 solutions, and staking services.

Source: medium

By integrating storage technology, Lambda will offer a persistent, efficient, and fully verifiable data storage layer. By integrating the Blob Space Market and the programmable DA Suite, storage costs can be significantly reduced, and data processing efficiency can be increased. Lambda plans to introduce multiple operators to participate in the re-staking mechanism, achieving micro-Blob aggregation and a fully decentralized Ethereum submission process, ensuring Blob submissions do not rely on any centralized service. LDA not only meets the needs of Rollup developers for efficient data storage solutions but also brings long-term value to the entire Ethereum ecosystem.

Nodes

Lambda is based on Tendermint Core, meaning it relies on a set of validators to safeguard the network’s security and consistency. Validators operate full nodes and participate in the consensus by broadcasting votes that contain cryptographic signatures signed with their private keys. They are responsible for committing new blocks on the blockchain and earn revenue through this work. Additionally, validators must engage in the governance process, influencing the network’s direction by voting on proposals. The voting power of validators depends on the total stake they hold in the network.

Tokenomics

Source: Lambda

• Code: LAMB
• Token Type: ERC20
• ICO Token Price: 1 LAMB = 0.01 USD
• Fundraising Goal: $5,000,000
• Total Tokens: 10,000,000,000
• Available for Token Sale: 30%

Source: icodrops

Lambda plans to migrate the original ERC20 network and Lambda mainnet assets $LAMB to a new token $LAMBDA on a 1:1 basis. Additionally, the total supply of $LAMBDA tokens will be capped, and new mechanisms for burning and destroying tokens will be introduced. The Lambda Ecosystem Fund will also launch long-term liquidity rewards and re-staking incentives to foster the development of storage and data availability services. This move aims to integrate the strong security features of the Ethereum ecosystem, enhancing the overall security of Lambda. This upgrade ensures transaction security within the Lambda network and helps the new $LAMBDA token better integrate into the Ethereum ecosystem, increasing its liquidity.

Here are the upgrades and adjustments for the $LAMB assets:

1. ERC20 $LAMB will be migrated to a new contract at a 1:1 ratio, and the new token will be named $LAMBDA.
2. Total Supply Cap: The maximum supply of $LAMBDA tokens is set at 10 billion. Of this, an initial circulation of 6 billion will be available, with the remaining 4 billion locked in the Ecosystem Fund contract for future community building.
3. Asset Migration: The process from $LAMB to $LAMBDA will occur at a 1:1 exchange ratio.
4. Liquidity Incentives: The new $LAMBDA assets will fully support DEX trading to enhance their liquidity.
5. ReStake Incentives: With the introduction of new Lambda DA and LWS storage services, Lambda will offer high-yield ReStake incentives based on the EigenLayer framework to maintain network security.

Team and Financing Information

Lambda’s founder, He Xiaoyang, is a top infrastructure software expert in China and a member of the JVM community. He previously worked as an engineer at BEA Systems and Oracle and was named “China’s Best Entrepreneur in the APM Industry” in 2015.

Li Monan (Co-founder & CTO): A top programmer in China, and founder of Coreseek and Log Insight.

He Bingqing (Co-founder): Responsible for the development of OneAPM’s core product, Application Insight.

Gao Haiqiang (Co-founder and COO): Vice President of Technology at the network optimization company ACSNO, founded OneAPM’s security subsidiary OneASP in 2015 and served as its CEO.

Zhao Haijun (Co-founder): Vice President of Technology at OneAPM, previously worked at Qunar.com and Kongzhong.com, formed and managed a research and development team responsible for product development and management.

Jia Tian: Master’s/Bachelor’s from Tsinghua University, an investor in distributed systems at Bitfinex, limited partner at Bitfund, advisor at FBG Capital, and advisor at Zcash. Jia Tian previously served as a senior developer at Baidu and Alibaba.

Sun Zhongying: Former technical expert at Alibaba, former CTO of OKEX, and previously served as a technical advisor at OneAPM and OneASP.

Conclusion

As the blockchain sector continues to evolve, Lambda’s migration to the Ethereum Layer2 network marks a significant strategic integration. This migration not only strengthens the connection between data availability services and artificial intelligence capabilities but also significantly enhances the Lambda network’s economy, compatibility, scalability, and security. Additionally, it simplifies development and maintenance efforts. This upgrade highlights Lambda’s commitment to meeting long-term data availability needs, supports the development of distributed applications, and advances generative artificial intelligence technologies. This makes a vital contribution to enhancing the scalability, security, and efficiency of the Ethereum ecosystem.