The Tau token allows for seamless communication between previously incompatible blockchain protocols. It is able to do this through the process of “atomic swaps,” which essentially allows the assets of one blockchain to be transferred to another. This is not just limited to private enterprise use, but is also applicable to popular blockchain assets, such as trading Bitcoin for Ethereum, or thousands of other cryptocurrency pairs. This allows Tau to provide unparallelled convenience to cryptocurrency traders, and can even allow for decentralized cryptocurrency exchanges with limitless pairs between any and all coins and tokens.
The Lamden blockchain will be open-source and free to use for personal and individual use. It will use a unique timestamp system that allows most transactions to remain totally fee-less. The chain will require a small proof-of-work check to protect the network from DDoS attacks. Enterprise and other high-volume users are able to opt to pay a small transaction fee instead to access the full speed of the network without needing to build out servers to process their own proof of work.
By using a unique combination of DPoS and Masternode architecture, Lamden’s Cilantro blockchain will be able to reach blazing fast 10,000 transaction-per-second network speeds. If you factor in that each blockchain is able to operate completely independently, the theoretical speed of all Lamden-powered networks is effectively unlimited.
Token Sale Summary
In order to finance the Lamden project, the Lamden team held a token sale towards the end of 2017 and early January of 2018. The token sale had a hard-cap of $10 million dollars to be raised in the form of Ethereum. The pre-sale ended on January 1st; with overwhelming support, the main sale ended just two days later on January 3rd.
Since funding, the Lamden team has been tirelessly working to bring the utility of the Tau token and the Lamden project to fruition. The team has been hard at work on-boarding new developers, and the Clove protocol has already successfully been used on the test net to achieve atomic swaps on BTC and ETH, ERC20 tokens. There is much to look forward to in the coming months leading up to the official main net launch by the end of 2018.
How is Lamden different?
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