Lambda LAMB to PAX Gold PAXG Exchange

Crypto Pair Details: LAMB to PAXG

Lambda LAMB

Lambda is a fast, safe, and scalable blockchain infrastructure project, which provides decentralized applications (DAPPs) data storage capabilities with unlimited scalability and fulfills services such as multi-chain data co-storage, cross-chain data management, data privacy protection, PDP, and distributed intelligent computing through logic decoupling and independent implementation of Lambda Chain and Lambda DB. Through the logical decoupling and separate implementation of Lambda Chain and Lambda DB, we provide infinitely scalable data storage capabilities to decentralized applications and achieve Multi-chain data cooperative storage, cross-chain data management, data privacy protection, data ownership proof, distributed intelligent computing and other services. Additionally, as the underlying service of blockchain, Lambda Chain provides millions of requests per second (RPS) through Sharding technology, which can grow as the scale of the system expands; and it also offers technology service capabilities for future unlimited expansion through sub-chain technology. We believe that all storage projects follow the core requirement of Provable Data Integrity.Also, it is crucial for data projects to store data in an infeasible storage node and make them trusted and secure, in the academic world, there are mainly two approaches which are Provable Data Possession (PDP) and Proofs of Retrievability (POR) depending on the usage scenarios. Lambda has applied these two approaches in blockchain through academic research and engineering verification, which has eliminated the core obstacles of decentralized storage.

PAX Gold PAXG

PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.

SOURCE: COINGECKO

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