What Is Lamden (TAU)?

What Is Lamden (TAU)? Complete Guide Review About Lamden.

What Is Lamden (TAU)?

Blockchain application development is unnecessarily hard, partially because of how new the technology is, but also because of certain imposed limitations on the current status quo of how blockchains are used today. In this paper, they discuss the problems with current blockchain implementations and a solution to these problems. They introduce Lamden a software package of development tools that includes a blockchain generator, community collaboration tools, and independent chain-to-chain communication to create vast networks of blockchain applications that can transfer any asset across them.

Lamden Storage Key Points

Coin BasicInformation
Coin NameLamden
Short NameTAU
Circulating Supply142,215,728.19 TAU
Total Supply248,090,567
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Motivation

In the past several years, we have seen an influx of blockchain technologies hit- ting the market. These technologies are touted as a means to an end of the centralized banking and financial systems. However, these blockchains rely on flawed systems that do not take into account the application of said technologies into the current infrastructure space. As a result, blockchain technology is seg- regated from the mainstream financial systems, and thus is ironically hindered by achieving its end goal.

The Lamden Project is an effort to create software development tools that increase the mass adoption of blockchain technology so infrastructure can revo- lutionize the market systems and cause realistic innovation within the markets. Laid out in this white paper is your critiques of the current state of the markets, and how they plan on improving this space.

Transaction Fees

Firstly, let’s take a look at the problem with transaction fees from an end user standpoint. The key to success in the crypto space is mass adoption of Bitcoin in the international market. As it stands at this time of writing, the average transaction fee for a Bitcoin transaction is at around 6%1. Compared to centralized systems such as PayPal2, Master card3, and Visa4 , Bitcoin is actually about twice as expensive.

Lamden It should be noted the fundamentals of cryptocurrency are why users feel justified with this discrepancy. The decentralized nature of ownership outweighs the additional costs. However, on a macroeconomic scale, cost efficiency will outweigh fundamental allure.

Migration, Upgrades, and Future Proofing

For many interested in blockchain technologies for their enterprises or busi- nesses, the lack of ability to migrate data to a new chain, or to upgrade at a time that is best for a business is a pitfall. Those interested in main chain and public ledger systems are reliant on foundations to release new code or the decentralised community where there is little authority or certainty to the out- come. Furthermore, trying out different systems to see what works best for an organization is cumbersome.

Transactions per Second (Scalability)

Lamden Modern blockchains have a notoriously low throughput rate which causes transaction times to be slow, and a backlog of pending transactions to pile up. This is an unacceptable replacement for the current financial systems that process millions of transactions per day. For example, Bitcoin has a throughput rate of 3 transactions per second. Likewise, Ethereum boasts a mere 15 transactions per second9.

In comparison, PayPal released a case study in May of 2015 where they were able to create a system throughput rate of over a billion transactions a day. That translates to about 11,600 transactions per second10. This disincentivizes enterprises that deal with assets in a traditional high throughput database structure to sacrifice capacity for the benefits of high record maintenance.

Integration and Adoption

Blockchain software is very new and the human capital resources are scarce. It requires a very highly technical and specialized individual to consult and develop for blockchain applications. Compared to other database types in a corporate setting, setting up a blockchain is time consuming and expensive. This prevents organizations from integrating this technology into their current workflow.

Where as most modern database systems follow a similar development and deployment paradigm, Lamden are so fundamentally different that there is currently not a solution in place to transforming the development process into something that resembles other database systems on the market. Furthermore, development environments, package managers, testing suites, continuous integration environment, etc. which exist for nearly every other tech stack in existence do not exist for blockchain software.