LAS VEGAS, United States, September 19th, 2024,
Chainwire
Blockchain storage layer Xandeum has announced that
it will reveal 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 allow dapps to scale by accessing
virtually unlimited storage. Solana can be looked at as a “world
computer”, and Solana accounts are its “RAM”. At Breakpoint 2024,
Xandeum will share its vision for adding the “hard drive” via their
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,” an exabytes+ scalable file system integrated directly
into Solana RPC nodes. Storage will be offloaded to a decentralized
network of hundreds of thousands of storage provider nodes
(pNodes), supervised 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
drastically expand the application landscape.” says Tommy Johnson,
early Solana builder, co-founder, and lead engineer at Armada. “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.”
More details of Xandeum’s Solana scaling solution will be shared
at Breakpoint 2024. In addition, Xandeum will use the event to
announce its storage-enabled liquid staking platform. Scheduled 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 boosted rewards of up to 10x with more
details at https://xandeum.network
As an event sponsor, the Xandeum team will have its own booth at
Solana Breakpoint 2024 in Singapore, with community members able to
learn more about key initiatives including the liquid staking pool,
XAND token, and forthcoming airdrops. The first airdrop snapshot
will take place on October 8, with the XAND token launch scheduled
for October 29.
Xandeum’s development of new storage primitives to enhance
Solana’s programming model will solve the 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 lead developer Xandeum Labs has raised $2.8M to build
out its scaling solution and has seen significant interest from
Solana’s builder community, with over 4B transactions completed on
its community-run devnet. Xandeum will support a new wave of
scalable web3 dapps while maintaining Solana’s security and
decentralization.
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-enabled liquid staking platform, operated
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.
Users can learn more: https://xandeum.com
Contact
Bernie Blume
Xandeum
Labs
hello@xandeum.com
