Las Vegas, USA, September 19, 2024, Chainwire
Blockchain storage layer Xandeum has announced that it will unveil its blueprint for Solana storage expansion at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-backed 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 allows dapps to access and scale to virtually unlimited storage. Solana can be viewed as a “world computer”, with Solana accounts being “RAM.” At Breakpoint 2024, Xandeum will share its vision of adding “hard drives” via an expandable storage layer. This is the missing piece of a full-fledged world computer. This innovation will enable a Cambrian explosion of storage-enabled dapps.
The smart contract native storage layer introduces “Xandeum Buckets”, an exabyte+ scalable file system that is directly integrated into the Solana RPC node. Storage is 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 earn additional rewards in SOL thanks to a highly dynamic fee market designed to optimize storage efficiency and profitability.
“A low-cost, decentralized storage solution will dramatically expand the application landscape,” said Tommy Johnson, Armada’s early Solana builder, co-founder, and lead engineer. “It can open up new revenue streams for SOL validators and stakers. The Xandeum solution will have a tremendous impact on the growth of the Solana ecosystem.”
More details on Xandeum’s Solana scaling solution will be shared at Breakpoint 2024. Xandeum will also use this event to announce their storage-backed liquid staking platform. Scheduled to launch on October 29th, the platform will earn future Xandeum storage fees for xandSOL stakers. Early adopters who stake with Xandeum will be able to earn up to 10x boosted rewards. For more information, visit https://xandeum.network.
As an event sponsor, the Xandeum team will be operating their own booth at Solana Breakpoint 2024 in Singapore, where community members can learn more about key initiatives including the Liquid Staking Pool, XAND tokens, and the upcoming airdrop. The first airdrop snapshot will take place on October 8th, and the XAND token launch is scheduled for October 29th.
If Xandeum develops new storage primitives to improve Solana’s programming model, it could solve the problems of the current storage system known as “accounts”, which has proven insufficient to store even a few gigabytes per dapp. This limitation threatens to hinder the growth of web3 applications on Solana.
Xandeum Labs, the lead developer of Xandeum, has raised $2.8 million to build its scaling solution and has seen significant interest from Solana’s builder community, with over 4 billion transactions completed on the community-run Devnet. Xandeum will power a new wave of scalable web3 dapps while maintaining the security and decentralization of Solana.
About Xandeum Labs
Xandeum Labs is a web3 startup dedicated to building a scalable storage layer for Solana. A major contributor to the world’s first storage-enabled liquid staking platform powered by the XAND DAO, Xandeum has already raised $2.8M from the community and is on track to launch the pNode network in early 2025.
Users can learn more at: https://xandeum.com
Contact
Bunny Blume
Xandeum Research Institute
Hello@xandeum.com