Xandeum to Unveil Solana Scaling Solution and XAND Token at Breakpoint 2024
The blockchain storage layer Xandeum has announced that on September 20, 2024, it would make public its plan for growing Solana storage at Breakpoint 2024. Xandeum will also formally announce the launch of the XAND token and provide information about its new storage-enabled liquid staking program at the prestigious Solana conference in Singapore.
Xandeums technology is intended to get over the drawbacks of Solanas present storage approach and provide dapps access to almost infinite storage, enabling them to grow. If Solana were a world computer, its RAM would be its accounts. At Breakpoint 2024, Xandeum will present their plan to complete the missing component of a full-fledged world computerthe hard driveby using their scalable storage layer. A Cambrian Explosion of storage-enabled dapps is made possible by this discovery.
Xandeum buckets, an exabyte+ scalable file system embedded directly into Solana RPC nodes, are introduced via the smart contract native storage layer. A decentralized network including hundreds of thousands of storage provider nodes (pNodes) will handle storage offloading, under the guidance of Solana validators with Xandeum enabled. pNodes, validators, and liquid stakers will all benefit further from highly dynamic fee markets in SOL, which are intended to maximize storage profitability and efficiency.
Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada stated:
A low-cost, decentralized storage solution will drastically expand the application landscape.It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution will have an enormous impact on the growth of the Solana ecosystem.
At Breakpoint 2024, further information on Xandeums Solana scalability solution will be revealed. Furthermore, Xandeum intends to use the occasion to introduce its storage-capable liquid staking platform. The platform, which is slated to launch on October 29, will collect future Xandeum storage fees from xandSOL stakers. More information is available at https://xandeum.network. Early adopters who stake with Xandeum will be eligible for increased incentives of up to 10x.
As a sponsor of the event, the Xandeum team will have a booth at Solana Breakpoint 2024 in Singapore, where community members can get more information about important projects including the XAND token, liquid staking pool, and upcoming airdrops. October 8 is the date of the first airdrop snapshot, and October 29 is the debut date for the XAND token.
In order to improve Solanas programming model, Xandeum will provide new storage primitives that will address the shortcomings of the present account storage mechanism, which hasnt been able to retain more than a few gigabytes per dapp. These restrictions pose a danger to the development of web3 apps on Solana.
With over 4B transactions done on its community-run devnet, Xandeum Labs, the principal developer of Xandeum, has garnered substantial interest from Solanas building community and funded $2.8M to pursue its scaling solution. Xandeum will preserve Solanas decentralization and security while supporting a new generation of scalable web3 dapps.
The goal of web3 company Xandeum Labs is to build Solanas scalable storage layer. Xandeum, which is expected to debut its pNode network in early 2025, has already raised $2.8 million from its community and is a key contributor to the worlds first storage-enabled liquid staking platform run by the XAND DAO.
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
