The blockchain storage layer Xandeum has introduced that on September 20, 2024, it could make public its plan for rising Solana storage at Breakpoint 2024. Xandeum can even formally announce the launch of the XAND token and supply details about its new storage-enabled liquid staking program on the prestigious Solana convention in Singapore.
Xandeum’s know-how is meant to recover from the drawbacks of Solana’s current storage method and supply dapps entry to virtually infinite storage, enabling them to develop. If Solana have been a “world laptop,” its “RAM” could be its accounts. At Breakpoint 2024, Xandeum will current their plan to finish the lacking element of a full-fledged world laptop—the “laborious drive”—by utilizing their scalable storage layer. A Cambrian Explosion of storage-enabled dapps is made attainable by this discovery.
“Xandeum buckets,” an exabyte+ scalable file system embedded straight into Solana RPC nodes, are launched by way of the sensible contract native storage layer. A decentralized community together with tons of of 1000’s of storage supplier nodes (pNodes) will deal with storage offloading, beneath the steering of Solana validators with Xandeum enabled. pNodes, validators, and liquid stakers will all profit farther from extremely dynamic price markets in SOL, that are meant to maximise storage profitability and effectivity.
Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada acknowledged:
“A low-cost, decentralized storage resolution will drastically develop the appliance panorama.It might probably unlock a brand new income stream for SOL validators and stakers. The Xandeum resolution may have an unlimited impression on the expansion of the Solana ecosystem.”
At Breakpoint 2024, additional data on Xandeum’s Solana scalability resolution shall be revealed. Moreover, Xandeum intends to make use of the event to introduce its storage-capable liquid staking platform. The platform, which is slated to launch on October 29, will gather future Xandeum storage charges from xandSOL stakers. Extra data is accessible at https://xandeum.community. Early adopters who stake with Xandeum shall be eligible for elevated incentives of as much as 10x.
As a sponsor of the occasion, the Xandeum workforce may have a sales space at Solana Breakpoint 2024 in Singapore, the place group members can get extra details about necessary tasks together with the XAND token, liquid staking pool, and upcoming airdrops. October 8 is the date of the primary airdrop snapshot, and October 29 is the debut date for the XAND token.
With the intention to enhance Solana’s programming mannequin, Xandeum will present new storage primitives that can deal with the shortcomings of the current “account” storage mechanism, which hasn’t been in a position to retain quite a lot of gigabytes per dapp. These restrictions pose a hazard to the event of web3 apps on Solana.
With over 4B transactions performed on its community-run devnet, Xandeum Labs, the principal developer of Xandeum, has garnered substantial curiosity from Solana’s constructing group and funded $2.8M to pursue its scaling resolution. Xandeum will protect Solana’s decentralization and safety whereas supporting a brand new era of scalable web3 dapps.
The aim of web3 firm Xandeum Labs is to construct Solana’s scalable storage layer. Xandeum, which is predicted to debut its pNode community in early 2025, has already raised $2.8 million from its group and is a key contributor to the world’s first storage-enabled liquid staking platform run by the XAND DAO.
