Bittrex International Lists Decentralized Storage Project Lambda (LAMB)
Bittrex International, a secure, reliable and advanced digital asset exchange platform recently announced that LAMB will be listed on the exchange. In a tweet by the official Twitter account of Bittrex International they said :
“New Listing Update: The Lambda wallet is open, and trading will begin shortly on international.bittrex.com . For more information about Lambda (LAMB) visit: lambda.im @Lambdaim $LAMB”
This LAMB listing is quite beneficial to both LAMB investors as well as traders, showing that the crypto market is a very diverse one and traders and investors not only focus on the traditional digital assets, but also a variety of other promising projects and coins.
Bittrex is the third crypto exchange that has listed LAMB, after OKEx and gate.io.
Lambda (LAMB), the Ethereum based blockchain infrastructure project, has been listed on these crypto exchanges due to its commitment to providing decentralized applications (DAPPs) with security, reliability and data storage capabilities with unlimited scalability. The LAMB protocol remains the most promising project among similar projects in both application and tech since its launch in 2018.
Lambda (LAMB) Achievements
As part of Lambda's (LAMB) international achievements, for the first time ever, LAMB realized as well as published the PoST space-time proof.
Lambda (LAMB) utilizes the Proof of Space Time (PoST) algorithm to ensure data storage security, and the Lambda Chain applies the Verifiable Random Function (VRF) + the Byzantine Fault Tolerance (BFT) consensus algorithms to ensure the operational reliability and efficiency of the consensus network.
Other notable achievements of LAMB are
- Data integrity proof
- Cross-chain data management
- Multi-chain data collaborative storage.
This achievements and growth of Lambda (LAMB) shows its support for protection of data privacy, dynamic data access and efforts in realizing the vision of
“Return the data value to data users”.
The top cryptocurrency exchanges in the world only list the most promising and quality projects, Bittrex being one of the top exchanges and listing LAMB indicates the projects complete compliance with all Bittrex requirements and regulations.
Bittrex Listing Requirements
Listing on Bittrex requires completion of the following main phases of reviews:
Preliminary Review: This is an initial review to determine whether a token that seeks to be listed on Bittrex.com or Bittrex International should proceed through the full listing process.
Full Listing Review: This is a more critical review of the project. The exchange requests certain documents in this process, including an executed Non-Disclosure Agreement and Listing Agreement. A committee constituting of Bittrex staff will determine if the project meets their robust criteria, and whether it should be listed on Bittrex International or Bittrex.com. As part of this review, Bittrex may consult with outside advisors.
As part of the full listing review, a compliance review is carried out which certain aspects are put into consideration, these include:
- Is the token an innovative application or use case?
- Blockchain features
- Usefulness of use cases
- Market interest
- Applicants technological experience and reputation
- Significant improvement over existing blockchain
And a variety of other considerations.
The Lambda (LAMB) protocol has met all the above requirements hence its Bittrex listing.