Xandeum will launch Solana scaling solution, XAND token issuance and liquidity staking in 2024 Breakpoint

[PRESS RELEASE – LAS VEGAS, United States, September 19th, 2024]

Blockchain storage layer Zandem Xandeum introduced that it’ll unveil its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. Formally introduced the launch of XAND token.

Xandeum’s know-how is designed to beat the constraints of Solana’s present storage mannequin, permitting dapps to scale by accessing just about limitless cupboard space. Solana will be considered a “world laptop” and the Solana account is its “RAM”. At Breakpoint 2024, Xandeum will share its imaginative and prescient of including a “laborious drive” via a scalable storage layer, a lacking piece of the mature world of computer systems. This innovation enabled the Cambrian explosion of storage-enabled dapps.

The good contract native storage layer introduces “Xandeum buckets”, an EB+ scalable file system built-in immediately into Solana RPC nodes. Storage will likely be offloaded to a decentralized community of a whole bunch of hundreds of storage supplier nodes (pNodes) and overseen by Xandeum-powered Solana validators. pNodes, validators, and liquid stakers will obtain further rewards in SOL due to a extremely dynamic price market designed to optimize storage effectivity and profitability.

“Low-cost, decentralized storage options will vastly increase the scope of purposes.” Tommy Johnson, an early builder and co-founder of Solana and chief engineer of Armada, mentioned. “It will possibly unlock new income streams for SOL validators and stakers. The Xandeum answer may have a big impact on the event of the Solana ecosystem.

Extra particulars on Xandeum Solana’s scaling options will likely be shared at Breakpoint 2024. The platform is scheduled to go reside on October 29 and can cost xandSOL stakers for future Xandeum storage charges. Early adopters who stake with Xandeum will likely be eligible for as much as 10x rewards, extra particulars right here https://xandeum.network

As an occasion sponsor, the Xandeum crew may have its personal sales space at Solana Breakpoint 2024 in Singapore, the place group members will be capable to study extra about key initiatives together with the liquid staking pool, XAND tokens and upcoming airdrops. The primary airdrop snapshot will happen on October eighth, and the XAND token is scheduled to be launched on October twenty ninth.

Xandeum developed new storage primitives to boost Solana’s programming mannequin that can clear up issues with the present storage system (referred to as “accounts”), which has confirmed inadequate to accommodate even a number of gigabytes of information per dapp. These limitations might inhibit the expansion of web3 purposes on Solana.

Xandeum Labs, the lead developer of Xandeum, has raised $2.8 million to construct its scaling answer and has generated important curiosity from the Solana builder group, finishing over 4B transactions on its community-run improvement community. Xandeum will assist a brand new wave of scalable web3 dapps whereas sustaining Solana’s safety and decentralization.

About Xandeum Labs

Zandem Labs is a web3 startup constructing a scalable storage layer for Solana. As a serious contributor to the world’s first storage-enabled liquidity staking platform operated by XAND DAO, Xandeum has raised $2.8 million from its group and is on monitor to launch its pNode community in early 2025.

Customers can study extra: https://xandeum.com