LAS VEGAS, USA, September 19, 2024, Chainwire
Xandeum, the blockchain storage layer, has announced that it will unveil its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program and officially announce the launch of the XAND token.
Designed to overcome the limitations of Solana’s current storage model, Xandeum’s technology will enable dapps to scale by accessing virtually unlimited storage. Solana can be thought of as a “world computer,” and Solana accounts are its “RAM.” At Breakpoint 2024, Xandeum will share its vision for adding the “hard drive” through its scalable storage layer, the missing piece to a full-fledged world computer. This innovation enables a Cambrian explosion of storage-enabled dapps.
The smart contract native storage layer introduces Xandeum Buckets, a scalable exabyte-plus file system built directly into Solana RPC nodes. Storage will be offloaded to a decentralized network of hundreds of thousands of storage provider nodes (pNodes), overseen by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will earn additional rewards in SOL, thanks to highly dynamic fee markets designed to optimize storage efficiency and profitability.
“A low-cost decentralized storage solution will dramatically expand the application landscape,” said Tommy Johnson, an early Solana developer and co-founder and principal engineer at Armada. “It can open up a new revenue stream for SOL validators and stakers. The Xandeum solution will have a huge impact on the growth of the Solana ecosystem.”
More details on Xandeum’s Solana scaling solution will be shared at Breakpoint 2024. Additionally, Xandeum will use the event to announce its storage-enabled Liquid Staking Platform. Set to go live on October 29, the platform will capture future Xandeum storage fees for xandSOL stakers. Early adopters who stake with Xandeum will be eligible for up to 10x boosted rewards with more details on
As a sponsor of the event, the Xandeum team will have its own booth at Solana Breakpoint 2024 in Singapore, where community members can learn more about key initiatives including the Liquid Staking Pool, the XAND token, and upcoming airdrops. The first preview of the airdrop will take place on October 8, with the XAND token launching on October 29.
Xandeum’s development of new storage primitives to improve Solana’s programming model will address issues with the current storage system, known as “accounts,” which has proven insufficient to hold even a few gigabytes per dapp. These limitations threaten to stifle the growth of web3 applications on Solana.
Xandeum Labs, the lead developer of Xandeum, has raised $2.8 million to build out its scaling solution and has seen significant interest from the Solana developer community, with over 4 billion transactions completed on its community-driven development network. Xandeum will support a new wave of scalable Web3 decentralized applications while maintaining the security and decentralization of Solana.
About Xandeum Labs
Xandeum Labs is a web3 startup dedicated to building the scalable storage layer for Solana. As a major contributor to the world’s first storage-based liquid staking platform, powered by the XAND DAO, Xandeum has already raised $2.8 million from its community and is on track to launch its pNode network in early 2025.
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Contact
Bernie Blume
Xandeum Laboratories
hello@xandeum.com
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