Nov 28, 2018 10:40 UTC
Nov 30, 2018 at 12:03 UTC
Lambda Introduces First PoST Algorithm Based Blockchain
Lambda became the first organization to introduce a transparent Proof-Of-Space-Time (PoST) protocol with unique capabilities such as high-speed verification capabilities, repetition computation, and streamlined proofs.
The newly released protocol makes Lambda the very first to introduce a blockchain based on PoST algorithm readily available to developers on GitHub.
What is Proof-of-Space-Time (PoST) Algorithm?
PoST algorithm aims for a decentralized system where the communication between a storage provider and verifier can be made possible. The protocol allows the storage provider to inform the verifier about the files based on its location and time.
The storage provider needs to generate a valid PoST with all the necessary attributes; these attributes would require verification from the other side; this would eventually result in rewards for storing that data. The PoST algorithm is superior to any other form of data registration currently available in the data hosting and storage field.
Lambda co-founder and CMO, Lucy Wang says,
“The PoST algorithm is a testament to our ingenuity and dedication to the Lambda project as our team of expert computer scientists utilize top technology innovations to continually improve data integrity proof processing on the blockchain. We are proud to have developed and now share the first-ever open source PoST algorithm with the developer community on GitHub and look forward to creating new ideas and research for distributed blockchain storage in the future.”
Developers can easily access the Lambda PoST protocol from GitHub
Lambda Aims to Revolutionize the Decentralized Data Storage Sector
Lambda believes its newly launched PoST protocol can revolutionize the traditional decentralized system in the Data Storage sector. The company’s current focus is solely on keeping its algorithm agile, iterative and easy to use over time, without getting caught up in the technical aspects of things at the development level.
The algorithm will bring in more transparency and faster solutions in comparison to the traditional form of the blockchain. The success of the newly launched protocol will be measured; once the developers start implementing it into their ecosystem