- The high competition in the filed os decentralized storage platforms might be a downside for Lightstreams development.
- There is no link to GitHub to validate the product development.
- The testnet is only expected in Q1 2019. By then, the competing projects will already have their mainnets in operation for a while.
- Lambda will use basic Proof of Work consensus mechanism.
- The project valuation of $80M seems too high.
- Lambda will sell only 30% of the tokens.
- None of the team members gives the links to their LinkedIn profiles.
- Some of the team members do not claim Lambda as a workplace on LinkedIn.
- There are no people with blockchain experience.
Database-as-a-Service and Cloud database storage markets are growing tremendously with CAGR of 67% in 2019 and are expected to reach $14B market capitalisation to this date (Markets and Markets report). The growth is related to a trend of rapid transferring in-house databases to the cloud.
Lambda has several competitors in the field of decentralised storage platforms. The list of competitors includes Storj, Siacoin, MaidSafe, FileCoin, Arweave, and Bluzelle. Lambda claims to have a unique combination of scalability and privacy in its technology. Recently, Lightstreams announced a similar project. The high competition in the filed os decentralized storage platforms might be a downside for Lightstreams development.
Lambda is a scalable data storage infrastructure project for blockchain. Based on scale-out and Sharding technology, it enables high-speed transactions; based on the trunk chain technology and cross-chain transaction verification, it enables cross-chain transactions, and data access and verification within the system; based on the Bridge Control Protocol (BCP), it enables the cross-chain communications with other chain systems. Lambda cannot only be used to save IoT and AI data but also KV data, log data, metrics and Event data, and feed stream data.
Lambda technology was first demonstrated in Q4 2017. The core components development is expected to finish in Q3 2018. The testnet will be launched in Q1 2019. Mainnet and expansion is expected in Q2 2019.
There is no link to GitHub to validate the product development.
LAMB Tokens will be used to pay for the services on the Lambda platform, i.e. paying for renting Lambda cloud databases.
Lambda platform will charge fees for the access to the platform services, such as file storage, file encryption.
Lambda will use basic Proof of Work consensus mechanism. This may distract some community members because many other projects tend to switch to the more effective consensus algorithms.
Lambda will sell 30 of tokens: 25% for the private sale and 5% for the public. The team aims to attract $15M during the private sale and $5M during the public sale. The private sale valuation will be $60M; the public sale valuation will be $80M. The valuation seems too high.
Lock up time for private sale investors: 10 months, vesting terms is 2+4+4 release 20%+40%+40% first batch tokens (the 20% part ) will be given after two months on the exchange (the rest will be done based on the vesting term). Lockup for public sale is 30%, with three months lockup time, we will release 70% and give tokens to crowd investors 24hrs before the exchange.
The fund being raised will be used in three areas: 1. Product development (which will be the majority ). 2. Marketing and community management . 3. G&A. MVP is planned to be launched in Q4, and the first batch of coding will be released on Github by the end of July.
There are 8 team members in the core team, according to Lambda website.
The founder of Lambda - He Xiaongyang - previously founded OneAPM - Full Stack Application Performance Management (APM) solutions provider in China (129 employees on LinkedIn). Several other team members are also coming from this project.
The core developers - Alex and Oleg - previously worked at Symantec - California-based software security company.
None of the team members gives the link to one's LinkedIn profile. Some of the team members do not claim Lambda as a workplace on LinkedIn.
Li Monan previously co-founder Coreseek and served as a technical consultant before. The team members have strong background in Data Science, but there are no people with blockchain experience.