Lambda, a safe, trustworthy and limitlessly scalable decentralized storage network, saw its native cryptocurrency LAMP gain 51.14% in the past 24hrs to trade at $0.1736.
The cryptocurrency is rallying due to the progress made in research and development, cluster testing, marketplace redesigning, improving browser user experience and resolving issues related to hash inconsistencies.
Furthermore, the company also attained a new milestone in data storage capability. To celebrate the overall improvements and listing of LAMB coin on OKEx cryptoexchange, the company also announced an airdrop. All these factors continue to propel the Lambda coin’s price.
The company intends to develop a path breaking blockchain based storage facility that offers unlimited storage capabilities and also a marketplace that will be deployed on the blockchain.
The R&D team has already trialed multiple machines that back individual miner’s address and is slated to be unveiled in next version. The Lambda team also conducted performance test for single transaction.
The test revealed issues such as account exception, memory leak and voting block exception and. The team has already fixed account and voting block exception issues, and is confident of resolving memory leak exception soon.
According to Lambda team, earlier, marketplace was run using virtual machine and with unreasonable designs. The team revealed that “the technical scheme has basically developed and has transferred to the testing stage.”
Furthermore, search function has been added and released online. Finally, the team has worked out a new strategy to resolve hash inconsistency issue and will be unveiled in the next version.
On 14thJune, Lambda data storage achieved a record capacity of over 210 PB.
To rejoice the $LAMB listing on the cryptocurrency exchange OKEx, 3 random users who participated in the “retweet and tag 3” friends event. The coin is traded on popular cryptocurrency exchanges such as Hotbit, Bilaxy, BitMax and Huobi.
