Lambda-CDM model

The ΛCDM (Lambda cold dark matter) or Lambda-CDM model is a parametrization of the Big Bang cosmological model in which the universe contains a cosmological constant, denoted by Lambda (Greek Λ), associated with dark energy, and cold dark matter (abbreviated CDM). It is frequently referred to as the standard model of Big Bang cosmology, because it is the simplest model that provides a reasonably good account of the following properties of the cosmos:

The model assumes that general relativity is the correct theory of gravity on cosmological scales. It emerged in the late 1990s as a concordance cosmology, after a period of time when disparate observed properties of the universe appeared mutually inconsistent, and there was no consensus on the makeup of the energy density of the universe.