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LAS VEGAS, United States, September nineteenth, 2024, Chainwire
Blockchain storage layer Xandeum has introduced that it’ll reveal its blueprint for scaling 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 expertise 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 “laborious drive” through their scalable storage layer, the lacking piece to a full-fledged world pc. This innovation permits a Cambrian Explosion of storage-enabled dapps.
The sensible contract native storage layer introduces “Xandeum buckets,” an exabytes+ scalable file system built-in immediately into Solana RPC (NYSE:) nodes. Storage will probably be offloaded to a decentralized community of lots of of hundreds of storage supplier nodes (pNodes), supervised by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will earn further rewards in SOL, due to extremely dynamic price markets designed to optimize storage effectivity and profitability.
“A low-cost, decentralized storage resolution will drastically increase the appliance panorama.” says Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada. “It might probably unlock a brand new income stream for SOL validators and stakers. The Xandeum resolution could have an infinite impression on the expansion of the Solana ecosystem.”
Extra particulars of Xandeum’s Solana scaling resolution 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 stay 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 could have its personal sales space at Solana Breakpoint 2024 in Singapore, with neighborhood 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 improvement of latest storage primitives to boost Solana’s programming mannequin will remedy the problems with the present storage system, often called “accounts,” which has confirmed inadequate to carry even just a few gigabytes per dapp. These limitations threaten to stifle the expansion of web3 functions on Solana.
Xandeum lead developer Xandeum Labs has raised $2.8M to construct out its scaling resolution and has seen important curiosity from Solana’s builder neighborhood, with over 4B transactions accomplished on its community-run devnet. Xandeum will assist 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 neighborhood and is on observe to launch its pNode community in early 2025.
Customers can be taught extra: https://xandeum.com
ContactBernie BlumeXandeum Labshiya@xandeum.com
This text was initially revealed on Chainwire