Xandeum to Unveil Solana Scaling Solution, Launch XAND Token, and Introduce Liquid Staking at Breakpoint 2024

LAS VEGAS, United States, September 19th, 2024, Chainwire

Blockchain storage layer Xandeum is set to unveil its plans for scalable storage at Breakpoint 2024 on September 20, 2024. The event, a major Solana conference taking place in Singapore, will also highlight Xandeum’s new storage-enabled liquid staking program and mark the official launch of the XAND token.

Xandeum’s technology aims to address the challenges of Solana’s existing storage model, enabling decentralized applications (dApps) to scale by tapping into virtually limitless storage. Solana functions as a "world computer," where accounts serve as its "RAM." At Breakpoint 2024, Xandeum will present its vision of adding the "hard drive" through its scalable storage layer, essential for creating a comprehensive world computer. This breakthrough technology will foster an explosive growth of storage-enabled dApps.

The new smart contract-native storage layer introduces "Xandeum buckets," which form an exabytes-plus scalable file system seamlessly integrated with Solana RPC nodes. Storage will be distributed across a decentralized network of hundreds of thousands of storage provider nodes (referred to as pNodes), all under the oversight of Xandeum-enabled Solana validators. Both pNodes and validators, along with liquid stakers, will benefit from additional rewards in SOL, thanks to dynamic fee markets designed to enhance storage efficiency and profitability.

Tommy Johnson, an original Solana builder 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.”

Further details regarding Xandeum’s scaling solution for Solana will be shared at Breakpoint 2024. During this event, Xandeum will also introduce its storage-enabled liquid staking platform, which is set to launch on October 29. This platform will allow xandSOL stakers to benefit from future Xandeum storage fees. Early participants will be eligible for rewards boosted by up to 10x.

As a sponsor of the event, Xandeum will have a dedicated booth at Solana Breakpoint 2024, providing community members with information on key initiatives, including the liquid staking pool, the XAND token, and upcoming airdrops. The first airdrop snapshot is planned for October 8, with the XAND token launch slated for October 29.

Xandeum’s development of new storage primitives aims to enhance Solana’s programming capabilities and resolve the limitations of the current storage system—known as "accounts"—which has proven inadequate for managing the storage needs of dApps. These constraints pose a risk to the expansion of web3 applications on Solana.

The lead developer, Xandeum Labs, has successfully raised $2.8 million to advance its scaling solution, garnering considerable interest from the Solana builder community, evidenced by over 4 billion transactions on its community-managed development network. Xandeum is poised to support a new wave of scalable web3 dApps while upholding Solana’s security and decentralization.

About Xandeum Labs

Xandeum Labs is a web3 startup focused on developing a scalable storage layer for Solana. As a key player in creating the world’s first storage-enabled liquid staking platform, operated by the XAND DAO, Xandeum has raised $2.8 million from its community and plans to roll out its pNode network in early 2025.

For further information, please contact:

Bernie Blume
Xandeum Labs
Email: [email protected]

This article was originally published on Chainwire.