Standard model of cosmology

The ΛCDM (Lambda cold dark matter) or Lambda-CDM model is a parameterization of the Big Bang cosmological model in which the universe contains three major components: first, a cosmological constant denoted by Lambda (Greek Λ) associated with dark energy; second, the postulated cold dark matter (abbreviated CDM); and third, ordinary matter. 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: