[LCAC Conference] Lambda Governance Committee and Storage Function Introduction Conference
At 21:00 on November 5th, Beijing time, the LCAC- Lambda Core Governance Community sponsored by Node Pacific( LAMB Pacific) has held 30+ conferences with 4000+ participants. As Lambda Governance Committee election has been completed. And the test of main network storage function is coming,we invited all members of the Lambda Governance Committee and Lambda co-founder Gao Haiqiang, and organized the LCAC 39th meeting with the LCAC community to share the Lambda governance and storage functional processes.
Conference theme: Lambda Governance Committee and Storage Function Introduction Conference
Conference overview: The meeting invited all members of the Lambda Governance Committee and Lambda co-founder Gao Haiqiang to explain the doubts and answer questions regarding guidance on Lambda governance work and storage functions.

Conference process:
— 1. Lambda governance committee general conference
— 2. Introduction to storage functions
— 3. Question section
The following is an excerpt from the highlights of the conference:
01
Lambda Governance Committee General Conference:
1. Chairman of the Lambda Governance Committee Wang Shenguo
Good afternoon, everyone of the Lambda Eco-Community. This is the first working meeting of our Governance Committee. As the first speaker, I would like to share with you my understanding of Lambda governance. As to the specific work, I will gradually report to you during this course. I think that since we are chosen by the governance committee as representatives, we should represent the interests of all parties and take consideration of all parties. Lambda Ecosystem is a comprehensive and complex ecosystem, including miners, nodes, users, market makers and investors in the secondary market, etc., so each group’s interests should be balanced. The most important thing is to cooperate with the project team to balance the interests of all parties, let Lambda Ecosystem and projects become a really great one, so everyone can maximize their profits in the long term by working with Lambda. Each member of Lambda Governance Committee should be careful and work with all miners and stakeholders to build the a more robust and stable Lambda ecosystem.
Above is my understanding of Lambda governance committee and its function. I also hope that you can contact me and our governance committee members to submit your interests to the committee to achieve better communication with the project team.
2. Chairman of Lambda Governance Committee Li Xiang
Just now, Mr. Wang mainly talked about his understanding of community governance. I will mainly forward some suggestions about community incentives. In view of the fact that the current community lacks enthusiasm, rendering low participation rate in the first main network vote, we need to do more publicity work to improve community’s enthusiasm.
For example, the test access of the storage miners will soon meet the problem of technical access operations. To solve this, we can gradually establish technical mutual aid groups and technical communities discussed earlier to cooperate with the access of the current storage mining machine. Miners with good skills can be incented to help guide other miners in miners access with certain Tokens.
The other is to reward those coin holders. We can establish new users nodes and coin-holder partner nodes. It’s recommended to use part of the governance committee funds to do some community incentive activities to expand the community and pledge the coin. For the publicity of the community, like publicity from media, I am wondering if we can do some reward tasks, namely, regularly release some reward tasks, and the community can get those reward if they complete the tasks. Also, we can improve the search rankings and write feedback in related forums. Above are some suggestions which come to my mind for now. Later, everyone can improve the activeness of the community.
3. Chairman of the Lambda Governance Committee Moses Zhang
Being the early participants in our Lambda Ecosystem, the previous two chairmen have forwarded many good suggestions for Lambda ecosystem governance. Forme, I would like to briefly introduce what is governance work as everyone is familiar with what LCAC is doing now. First of all, speaking of governance, it will be divided into on chain governance and off chain governance. It’s a controversial issue in the entire blockchain industry, as some prefer the on chain governance while others prefer off chain governance. But whether on chain or off chain,they can’t solve all governance problems, so governance needs both ways. That’s why as one of the members, I would like to work with the Governance Committee and its members to improve our Lambda governance model to include details like what are the governance tasks on the chain and off the chain. The technical governance objectives include: fix the technical bugs and problems, upgrade main network, and fix the time problem on the main network.
Participants include our project team/foundation, nodes, miners, developers and all users. Given that dispute resolution and governance exist not just in the technology side, the work for the first committee should include the following three ones: research work (including governance model, distribution mechanism optimization), routine work (gradual technical access and update), daily work (as this committee just established, we have to confirm its official name, charter, responsibilities of the chairmen and miner representatives, and community training, interaction, and incentives). The governance committee does not only refer to the seven people of chairmen and miners’ representatives. Being the representatives, we just work for the community. We also hope that if there are any good suggestions and feedback from the community, you can contact us at any time, and we will have detailed research and discussion before making it a proposal for on chain or off chain governance. The ultimate goal is to ensure the stable development of Lambda’s entire ecosystem community and to ensure the development of our technical model, economic model and governance model.
4.Lambda Governance Committee Miner Representative Zhang Baoqiang
Hello everyone, I am Zhang Baoqiang, one of the miner representatives. I will share with you some suggestions and thoughts on the future governance of Lambda and its ecosystem development. At present, the first thing to be solved is the mining revenue problem of miners. The IPFS-like projects are emerging quickly. So, related revenue and pledge training, such as video courses, should be released as quickly as possible to directly solve the miners’ problems while accessing the market. At present, we need to quickly take the market, introduce in miners and users with our advantage. By this way, the miners will follow us as Lambda has the advantages. First of all, the founder He Xiaoyang worked in a listed software company with excellent technical strength. Second, the marketing skill is one of the top, which can be manifested in the quantity and quality of exchanges being listed in ; Third, Lambda ecosystem vision is being gradually realized. Every week, the LCAC Governance Conference will be held to announce the project progress, the problems encountered, and the goals to be achieved in the near future. The technical solutions will be announced to the public and will be supervised under tens of thousands of miners.Under the leadership of Mr He and Gao, the project is advanced gradually, the problem that the blockchain project can’t be implemented is solved. With the above advantages, joining the Lambda ecosystem is our best choice.
In future, I hope there will be more technicians and marketers to participate in Lambda, developing applications on the Lambda main chain, even small games, chat software. We can reward developers with Token to attract more people to participate in the development and innovation. We can also learn from the app store, to bring in the economic model, like development as a reward, use as a reward, mining as a reward, to make the entire ecosystem traffic form a benign cycle, from the entry of traffic, the innovation of traffic, the realization of traffic, the acquisition of new traffic. The governance committee helps review the reference and recommendations for Lambda to ensure the review is fair and just. We can take mining as the focus of our work, make the mining revenue of miner into a tutorial, reward new miners for mining. We suggest recruiting a professional designer to tailor the copywriting and design for us. We can list our recent goals and the goals we have achieved, and make them more visual, so everyone can notice it immediately. We can elect outstanding miner representatives, and publicize them with good copy-writing and views by establishing hundreds of communities. The team can regularly hold Q&A sections for miners, and give them certain rewards.
5.Lambda Governance Committee Miner Representative Brother Stone
Hello everyone, I am brother stone, the miner’s representative.Since I am the miner representative, I would like to speak the governance work from the perspective of miners. First, storage mining is about to begin. We should provide various technical supports in communities, such as machine configuration, reading speed and parameters, and processors’ specifications, etc., to get everyone prepared in advance; Besides, I have a few suggestions for Lambda. The first is that the current mining is TBB pledge mining, which poses a certain threshold, as new miners can’t get TBB easily and the amount of TBB in the Kangbo exchange is also relatively small. So can we divide new miners into three grades. In terms of the current Lambda output, if the miner’s LAMB does not generate revenue, it may create a selling pressure. So can we adopt other ways,like pledge LAMB or reward with LAMB while pledging TBB to make low market circulation, making a greater space for LAMB to get appreciated.
I am also deploying miners now, and I am willing to provide technical solutions to miners. We can check whether the miners’ hard disk capacity and their contribution are high or not as I hope that Lambda can do better and better.Also, I hope I can provide help and suggestion regarding LAMB’s market circulation.
6.Lambda Governance Committee Miner Representative He Jiajun
I am He Jiajun, from Qujing, Yunnan. I am very honored to be able to participate in this conference, but for special reasons, I can only express it in words. As a faithful miner of lamb, I am willing to contribute to the future development of lamb. I have been struggling to promote the lamb consensus regardless of doubts. I will promote it without any hesitation to let more people understand the blockchain and lamb, and participate in the co-development of lamb ecosystem. Consensus is wealth. Consensus is the future! Lamb will surely have bright future in the field of distributed storage.
7. Chairman of the Lambda Governance Committee Hun Sen have asked for a leave.
02
Lambda storage functions:
Lambda co-founder Gao Haiqiang
1. Support for the speech of the Governance Committee Members
The content of today’s speech is mainly the logical part of the storage function. There will also be a recording video of technician demonstrating each step tomorrow. I have heard the speeches of the Lambda Governance Committee members during the whole time, which I think are very good. We will listen to the speeches again and again, including the text version to extract the very valuable information and implement them accordingly.
For our Lambda team members, we can only focus on technology development but I hope the governance committee and the community and technicians can join together. We will provide more incentives, including the dedicated rewards for the community operations that have been proposed by the the governance committee. Second, the foundation will also allocate incentives to develop the ecosystem, and implement some practical ideas from the governance committee, such as application, consumption, easy-to-reach WeChat groups, and resource distribution and publicity, which are all very good. We will discuss and implement the applicable things extracted. For things that need long-term operation, we will extract also. We will allocate human resources and funds to them to do them well.
2. Storage mining function introduction
We are ready for internal testing at the end of the month, including the whole simulation process, like the security check team make attacks at miners’ access to check the security of the storage part. At present, we can put it into the community to conduct public testing of miners. So we have made a test network. Nodes of the consensus network don’t need to participate as we just run 4 nodes by the official team to simulate the storage network. Storage miners are free to access the technical process to explore the process.
The general process of the operation and access of the miners program is: first, the consensus node will take the role of maintaining the consensus network and the ledger. The miner has two roles, one defined as Miner, one defined as the storage node. As miner, he can have multiple wallets. As storage nodes, they can also have multiple wallets as they have many machines. Of course, you can also manage multiple physical machines in one storage node, which depends on your own operation and maintenance way. Community is also welcomed to test and come out a better resource management and operation method for the promotion of the entire network.
Everything that interacts with the chain will be done by Miner, including your wallets. There are a large number of Storage nodes behind you that may correspond to a physical machine, and there may be a better main network mode.
The process is that you need to register your Miner on the chain, which is equivalent to using your wallet that had been pledged with TBB to complete some operations. The second is to register the storage on the chain and register your resources on the chain to access the storage network, realizing the connection with with other Storage. Third, the miners put space orders on the equipment of Miner to sell space, and the order will be announced to the chain,where there is a trading market(currently there is only one default market, and later it will support multiple markets. The market itself is also a role to create a market and to do its own business by allowing users to use space). After entering the sell order pool, the user has two ways to make a deal. One is the default list automatically allocate resource space by the chain, and the other is that the sell orders can be specified, but those orders must be high-quality sell orders. Regular sell orders will go directly to the random list and are sold by the chain. The high-quality sell orders will enter into a separate list, and can be sen the order ID, and will make a deal according to the order ID. After the deal, the space belongs to itself. After the user uploads the data, the miner will distribute the data according to the data uploaded by the user. At present, the basic calculation power is 1 GB. The more the user data, the more votes distributed, the higher the total computing power. Yet, it’s not a linear one and for the miners it is a competitive relationship. In the absence of a lot of data storage in the early stage, miners can get rewards with a small amount of hardware resources, which is bonus in the early period. Regarding the payment part, the miner need to pay a certain amount of compensation. The user will make the deal according to your pricing. This part includes the withdrawal of the compensation and the withdrawal of the user’s payment revenue, which are based on time order. You can refer to the rules on the chain and the documentation.
We plan to start the test within 2–3 weeks. If there is no problem, we will switch to the main network, which is our first step. After the storage function is launched, we will launch it in the market. We will gradually develop the Lambda ecosystem step by step. We will launch a series of applications based on the Lambda main network ecosystem, whether it is a game-like FOMO or a Lambda developer community. At the same time, agents and integrators will also release some products based on Lambda storage. After the storage function is launched, we will present the product to the community instead of a PR draft; we will also communicate with the government, institutions, and community-type alliance-type organizations. We have many opportunities after the policy has improved. Baidu and Alibaba have their own private chains, so we can compete them public chain, which is agreed by the customers. The service and usage scenarios of public chain are definitely more reliable than the ones of private chain, which will be explained by related conference in future.
This week I very much hope that we can straighten out the miners’ access, sort out the functions and identify problems, and make last changes, which I hope the committee can move forward these.
03
Question section
Q: When can the wallet APP be launched?
A: An informal version will be released at the end of the month and can be used publicly.
Q: Can the lambs in the pledge system be withdrew?
A: You can, but you need to contact customer service Ms Tingting to help. Before we have opened it for a few months to allow time for everyone. The miners still have not finished can contact Ms Tingting to withdraw.
Q: After the main network starts, what’s the percentage of hard disk pledged that the miners need to access? Will there be any punishment?
A: No requirement. Do according to the maximization of the profits on the network, that is, access the hard disk according to the data storage. It’s not that case the larger better now, as it will only cost power and computer resource. The more access you have, the more shares you will get in the early days, which is the bonus in the early mining stage that I have just mentioned; there is no penalty.
Q: Can you introduce to the new miner about the thresholds and technical guidance as it can attract more people to participate since most of them don’t know these technical things?
A: I will give you recording video tomorrow. It is expected to be at 8 pm tomorrow for the miners to learn.
Q: Will TBB pledge mining be always effective? Is physical mining machines needed after the main network is officially launched?
A: Yes needed, the pledge of TBB will be gradually reduced, because more will be the storage of data.For the first batch, we will generate 50% of the pledge revenue according to the rules, and 43% of the storage mining revenue. If there is no access to the physical mining machine, there will be only 50% of the pledge revenue, or even less TBB pledge revenue.The governance community will propose to reduce it to encourage more storage data and storage mining.
Q: Will the Commissioner Wang send a one-click programming video like the last test?
A: Wang Shengguo replied: we have done one before. Whether this version is applicable or whether it can be developed and implemented, I will ask about the technical operation and maintenance side. If it’s possible, we will contribute to everyone.
Q: For example, if market maker store data with LAMB coins, should these coins be destroyed?
A: This is actually something that can be discussed. It is also reasonable to introduce this destruction mechanism. We have also reserved such a scheme in this development as its is feasible.
Q: I have a small amount of LAMBS in IMTOKEN, can I use it there?
A: Two ways, one is to contact customer service for exchange of coins, even the non-integer one; another is to withdraw from the exchanges such as BitMax.
Q: Are there any new requirements for mining network environment, IP, and bandwidth?
A: The changes are not particularly large. The reason why the Storage node role is introduced is because you can enter the internal complex main network while the Storage node can be exposed to an IP to save resources. For the bandwidth, it needs to make sure the upload bandwidth is enough in the early stage and can save data. Later, we will introduce more new ways, which may have a certain relationship with the downlink bandwidth and everyone’s revenue. It is recommended to invest resources properly and gradually and linked to your own resource revenue.

