Trend: The value of decentralized storage market
In 2008, “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” It is the first time to introduce blockchain technology to the world.
In 2009, Ethereum released the first version of whitepaper, adding the feature of smart contract, for realizing programmable transactions without human intervention, and friendly use in transparency and efficient explorer. At that time, many people have not discovered the future value of Ethereum.
Today, there are many different blockchain projects, which may not be famous, somehow in the future, they might be the inspiration of the next great companies or technologies.
Today’s technologies are not born from stone but have undergone long-term evolution. This is true for cloud computing, artificial intelligence, big data, and so as the decentralized storage field we mention today.
According to IDC reports, from 2017 to 2022, the average growth rate of the global software-defined storage market is 14.7%, while the average growth rate of the Chinese software-defined storage market is 32.5%. Some analysts optimistically predict that in the next three years, software-defined storage will have over 50% shares in the entire Chinese storage market.
As regard of a business perspective, decentralized storage is unlikely to carry key business such as databases, but in fact, many banks are migrating. In other words, decentralized storage has gone deeper and deeper in the key applications field in the traditional way.
As the demand of the global storage market currently, the cloud storage market can reach the market value of 100 billion in the future.
Especially the decentralized storage field, the leading project Filecoin has received large attention since launched in 2014. In September 2017, a total of US$257 million was raised. The 1st testnet was launched in 2019, and 2nd testnet was launched in May of this year. Although the mainnet was delayed many times and faced many difficulties, it was finally officially launched in October 2020.
Recently, Filecoin and FIL tokens have continued to rise. Filecoin has four major implementations, Lotus, Forest, Fuhon, and Venus (go-Filecoin) respectively. Although these four protocols are independent, there are tied connections between Filecoin network launch, upgrade, when it is not stable enough for helping and maintaining the network. Among them, Lotus is the most mature Filecoin implementation, helping the maintenance of Filecoin network in mining, storage, and retrieval. The release of Lotus V1.5.3 will further optimize mainnet security technology. This fully shows that Filecoin is not a short-term vision project, but uses a period to gain more experiences, and can survive in the difficult period. We should pay more attention to the long-term development of the Filecoin project than the FIL price in the short term.
With the continuous advancement of technology, data value has been highlighted, more data require stored and recorded. The growing cloud service market raises a huge challenge to the traditional HTTP protocol, the trillion-dollar storage market is worth waiting for the revolution. Of course, except Filecoin, many projects have got attention in the decentralized storage field.
In terms of Lambda, Lambda has accompanied and promoted the development of the entire decentralized storage market. Let’s take a look at Lambda decentralized storage roadmap.
There are two keywords: Proof of Space-Time (PoST) Research, Storage function deploy experience
In 2018, Lambda has released whitepaper v 1.0. This year, Lambda has the core experiences on decentralized storage technology.
Subsequently, Lambda has won many fan’s and users’ attention. In 2019, the Lambda consensus network has officially launched and widely used in the blockchain space.
This year, Lambda has seven main goals, especially focus on the field of value data storage, and becoming the powerful pioneer of building the Web 3 ecosystem.
Lambda plan in 2021, we aim to develop our projects further in two aspects, we are targeting on Lambda main chain’s goal.
1. Lambda’s main chain will support EVM to realize the function of the Ethereum sidechain.
2. Support smart contracts, NFTs issuance, and provide decentralized storage function permanently for NFT.
Another goal is at the aspect of DeFi, for integrating with more blockchain projects. We aim to have more developments on data storage transactions, data exchanges.
1. Lambda will open DeFi liquidity mining
2. To issuance an asset for supporting over-collateralized synthetic stable coins, SCASH
3. To launch DeFi mining DApp, LAMB
As an important player in the decentralized storage field, by the current planning process, we are constantly tapping our huge potential, actively researching and developing blockchain-related technologies, and working with friends on the blockchain space to embrace the Web 3.0 wave.
Stay in Loop!
Mainnet explorer： https://explorer.lambdastorage.com/#/
Lambda mainnet 0.3.3 version：http://download.lambdastorage.com/lambda/0.3.3/lambda-0.3.3-release.tar.gz