Blockchain storage layer Xandeum has introduced that it’s going to reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. On the flagship Solana convention in Singapore, Xandeum may also share particulars of its new storage-enabled liquid staking program and formally announce the launch of the XAND token.
Designed to beat the constraints of Solana’s present storage mannequin, Xandeum’s know-how will enable dapps to scale by accessing just about limitless storage. Solana could be checked out as a “world pc”, and Solana accounts are its “RAM”. At Breakpoint 2024, Xandeum will share its imaginative and prescient for including the “onerous drive” by way of their scalable storage layer, the lacking piece to a full-fledged world pc. This innovation permits a Cambrian Explosion of storage-enabled dapps.
The good contract native storage layer introduces “Xandeum buckets,” an exabytes+ scalable file system built-in straight into Solana RPC nodes. Storage will probably be offloaded to a decentralized community of tons of of 1000’s of storage supplier nodes (pNodes), supervised by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will earn further rewards in SOL, because of extremely dynamic charge markets designed to optimize storage effectivity and profitability.
“A low-cost, decentralized storage answer will drastically broaden the applying panorama.” says Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada. “It could unlock a brand new income stream for SOL validators and stakers. The Xandeum answer can have an infinite influence on the expansion of the Solana ecosystem.”
Extra particulars of Xandeum’s Solana scaling answer will probably be shared at Breakpoint 2024. As well as, Xandeum will use the occasion to announce its storage-enabled liquid staking platform. Scheduled to go dwell on October 29, the platform will seize future Xandeum storage charges for xandSOL stakers. Early adopters who stake with Xandeum will probably be eligible for boosted rewards of as much as 10x with extra particulars at https://xandeum.community
As an occasion sponsor, the Xandeum group can have its personal sales space at Solana Breakpoint 2024 in Singapore, with group members in a position to be taught extra about key initiatives together with the liquid staking pool, XAND token, and forthcoming airdrops. The primary airdrop snapshot will happen on October 8, with the XAND token launch scheduled for October 29.
Xandeum’s growth of latest storage primitives to boost Solana’s programming mannequin will remedy the problems with the present storage system, generally known as “accounts,” which has confirmed inadequate to carry even just a few gigabytes per dapp. These limitations threaten to stifle the expansion of web3 purposes on Solana.
Xandeum lead developer Xandeum Labs has raised $2.8M to construct out its scaling answer and has seen vital curiosity from Solana’s builder group, with over 4B transactions accomplished on its community-run devnet. Xandeum will help a brand new wave of scalable web3 dapps whereas sustaining Solana’s safety and decentralization.
About Xandeum Labs
Xandeum Labs is a web3 startup devoted to constructing the scalable storage layer for Solana. As a serious contributor to the world’s first storage-enabled liquid staking platform, operated by the XAND DAO, Xandeum has already raised $2.8 million from its group and is on observe to launch its pNode community in early 2025.
Be taught extra: https://xandeum.com
This text was written by FM Contributors at www.financemagnates.com.
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