Las Vegas, USA, September 19, 2024, Chainwire

Blockchain storage layer Xandeum has introduced that it’s going to reveal its storage scaling blueprint at Breakpoint 2024 on September 20, 2024. At its flagship convention Solana in Singapore, Xandeum will even share particulars of its new storage-enabled liquidity staking program and formally announce the launch of its XAND token.

Designed to beat the restrictions of Solana's present storage mannequin, Xandeum's know-how will permit dapps to entry and scale just about limitless storage. Solana will be regarded as the “world pc” and your Solana account is its “RAM”. In Breakpoint 2024, Xandeum shares its imaginative and prescient of including a “laborious drive” by way of a scalable storage layer – the lacking piece of a full-fledged world pc. This innovation will allow a Cambrian explosion of storage-enabled dapps.

The sensible contract's native storage layer introduces “Xandeum Buckets”, an exabyte+ scalable file system, built-in instantly into Solana RPC (NYSE:) nodes. Storage is offloaded to a decentralized community of a whole bunch of hundreds of storage supplier nodes (pNodes) monitored by Xandeum-enabled Solana validators. pNodes, validators, and liquidity stakers earn further rewards in SOL due to a extremely dynamic price market designed to optimize storage effectivity and profitability.

“A low-cost decentralized storage resolution considerably expands the area of functions,” mentioned Tommy Johnson, an early Solana developer, co-founder and lead engineer at Armada. “This creates new income streams for SOL validators and stakers. The Xandeum resolution can have a big affect on the expansion of the Solana ecosystem.”

Extra particulars on Xandeum's Solana scaling resolution might be introduced at Breakpoint 2024. Moreover, Xandeum will use the occasion to announce its storage-enabled liquidity staking platform. The platform, scheduled to go reside on October twenty ninth, will seize future Xandeum storage charges for xandSOL stakers. Early adopters who stake with Xandeum might be eligible to obtain as much as 10x rewards. For extra info, please go to https://xandeum.community.

As an occasion sponsor, the Xandeum crew can have its personal sales space at Solana Breakpoint 2024 in Singapore, the place group members can be taught extra about key initiatives such because the liquidity staking pool, XAND token, and upcoming airdrops. The primary airdrop snapshot will happen on October eighth, with the XAND token launch deliberate for October twenty ninth.

The brand new storage primitives developed by Xandeum to reinforce Solana's programming mannequin clear up points with the present storage system, known as “accounts,” which have confirmed inadequate to carry even a couple of gigabytes per dapp. These limitations threaten to stifle the expansion of Web3 functions on Solana.

Xandeum's lead developer, Xandeum Labs, has acquired vital curiosity from Solana's builder group, elevating $2.8M to construct a scaling resolution and finishing over 4 billion transactions on its community-run devnet. Xandeum will help a brand new wave of scalable Web3 Dapps whereas sustaining the safety and decentralization of Solana.

About Xandeum Labs

Xandeum Labs is a Web3 startup centered on constructing a scalable storage layer for Solana. As a significant contributor to the world's first storage-enabled liquidity staking platform run by XAND DAO, Xandeum has already raised $2.8M from the group and plans to launch its pNode community in early 2025.

For extra info, go to https://xandeum.com.

contactBarney BloomZandeum Lab[email protected]

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