Lambda Protocol is a protocol that enables smart contracts and DeFi applications natively on Bitcoin. Lambda offers a wide range of features that extend the functionality of Bitcoin. It enables programmable logic, arbitrary code execution and much more. All in all it is a whole Smart Contract Protocol on Bitcoin. Comparable to other chains like Ethereum, Polygon or Solana. However, Lambda is Bitcoin. There is no Layer-2, rollup or sidechain. All transactions are on Bitcoin itself. This is made possible by inscriptions. Smart contracts provide a platform for developers to create a wide-array of applications and features on the Bitcoin Blockchain. Here are just a few examples of what's possible on Lambda: AMM / DEXes; Bridges; Staking / LPs; Farming; High-Definition NFTs; Lending / Borrowing; Airdrops and more. Lambda takes some inspiration from EVM, but uses a more familiar programming language in TypeScript to make it easier for developers to get started. Additionally, it improves upon some downsides of EVM to make the user experience better and the transaction count lower. Honestly, this is a huge benefit as the block times are really long compared to the usual smart contract chains and users will see the benefits and transaction-fee-savings really quickly. Lambda has its own token standard called LRC-20, to make it possible for each dapp to support any current and future tokens on Lambda, and this standard includes BTC, the currency, by default.