LAS VEGAS, USA, September 19, 2024, Chainwire
Blockchain storage layer Xandeum has announced that it will reveal its plan to scale 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 of adding the “hard drive” through its scalable storage layer — the missing piece in a full 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 (NYSE:) 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 SOL rewards, 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, co-founder, and lead engineer at Armada. “It can unlock 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 about 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. The platform, scheduled to go live on October 29, will capture future Xandeum storage fees for xandSOL stakers. Early adopters who stake with Xandeum will be eligible for up to 10x enhanced rewards; more details at https://xandeum.network
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 airdrop will take place on October 8, and the XAND token launch is scheduled for 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 develop its scaling solution and has seen significant interest from the Solana developer community, with over 4 billion transactions completed on its community-run development network. Xandeum will power a new wave of scalable web3 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 leading contributor to the world’s first storage-enabled liquid staking platform, operated by XAND DAO, Xandeum has already raised $2.8M from its community and is on track to launch its pNode network in early 2025.
Users can obtain more information:
ContactBernie BlumeXandeum Laboratories[email protected]
This article was originally published on Chainwire
