Friday, September 18, 2020

Lamden Mainnet is Here!

 




A Technology Delivered
We're happy to announce that we've officially launched Lamden mainnet! Today marks a day of independence and new beginnings. Three years in the making, this milestone represents a culmination of intense efforts to deliver a novel blockchain with a revolutionary leap in performance, scalability and usability. Blockchain of today is one of complexity, high congestion, and outrageous fees. Lamden's mission is to unleash a disruptive solution to these challenges and make blockchain fast, user-friendly, and cost-effective.

What is Lamden Mainnet?
Lamden's engineers aimed to not only deliver on the original promises of blockchain but to revolutionize it. Lamden tackles the fundamental challenges of blockchain head-on, from high barriers to entry to poor performance and scalability.

Easy to Use
Lamden's open-source, Python-native platform empowers developers to focus on quickly building blockchain applications, instead of learning new programming languages and messing around with complex syntax and system architecture. This means easier development and faster revenue generation on Lamden.

Highly Performant and Scalable
Lamden uses an array of advanced algorithms to remain highly performant and scalable as demand increases for on-chain activity and large-scale applications. Lamden is engineered to achieve sub-second transaction finality and to scale linearly with additional CPU cores, as described here. There are no Ethereum-style "gas-wars" on Lamden because the system uses a first-in-first-out queuing algorithm which prevents people from paying more to get ahead of the line and further congest the network.

A Developer Incentives System
Lamden has a built-in rewards distribution system with voteable and configurable parameters. Developers who create applications on Lamden will be awarded a percentage of transaction fees processed through their smart contracts, thereby earning revenue automatically from their applications without relying on third-party payment services. Incentives are made with Lamden's native coin TAU and sent straight to the developer's wallet. Because revenue is tied to transaction volume, developers will earn more revenue as their DApps become more popular.
For an introductory period, developers will automatically earn 90% of all TAU used to transact against their smart contracts.

A Self-Regulating System
Lamden has a self-regulating governance system where the community nodes have direct voting rights on key decisions including rewards distribution, transaction rates, and platform functionality upgrades. The system naturally strives for an equilibrium where each network participant will act in their best interest to maximize their reward. No single party controls the Lamden network and no single party can monopolize it.

Mainnet Token Swap
Now that mainnet is live, a token swap from Ethereum ERC20 TAU to Lamden Mainnet TAU will commence. The swap period will be open for approximately 6 months and is mandatory. If you do not swap your ERC20 TAU tokens during the 6 month swap window, you will be unable to do so afterwards.

IMPORTANT: Do not send ERC20 tokens to the Lamden wallet or they will be lost forever! ERC20 tokens are not compatible with the Lamden network. The only way to get your ERC20 TAU onto the Lamden network is by following the wallet token swap process.

The swap process is built directly into the Lamden wallet, which you can download on the Lamden website..

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