What Is Lamden (TAU)?
Lamden is a blockchain-based project that aims to create different development tools for the faster deployment and development of private blockchain systems. The goal of Lamden is to provide development tools similar to the ones like Python, which offers users a variety of easy-to-use tools. Python is a high-level programming language.
According to the whitepaper, the current blockchain architecture possesses several loopholes that minimize the efficiency of blockchain technology. First, the output rate of modern blockchain systems is slow, which reduces transaction time, thereby creating several backlogs of transactions. Such an issue impedes enterprises that deal with the traditional higher output database structure.
Second, arbitrary hashing functions take place in modern blockchain systems. Hashing refers to procedures to resolve the encrypted data for solving blockchain computation. Such functions utilize a high amount of resources, thereby increasing the energy cost.
Blockchain software is new, and significantly fewer human capital resources are available. Moreover, blockchain systems are fundamentally different from a modern database system, which prevents the adoption of tools and techniques that resembles that of the other database systems on the market. Therefore, organizations find it challenging to integrate blockchain technology with their current workflow.
The Lamden project is divided into three sections: Saffron, Flora, and Clove. Saffron is the generator tool for deploying private chains on the internal network. Flora is a central depository of smart contract templates, packages, and private chain naming services. Clove handles payment channel swaps between chains and facilitates decentralized communication between blockchain apps on the Clove network.
TAU is a digital utility asset of the Lamden project. The token is available for trading by the platform's users, which enables the users to utilize the coin in all private chains. Through the TAU token, the Lamden developers do not need to form an independent relationship with other private chains for transferring assets to one another. The developers of the Lamden project aim to make the coin available for purchase on the Ethereum main chain in the form of an ERC-20 token.
History of Lamden (TAU)
The whitepaper of Lamden was published on September 4, 2017. The development team of Lamden consists of Stuart Farmer, who is the project lead of the Lamden project, and Jeff Scott, the lead developer of Lamden.
