Xandeum, a blockchain storage layer, has revealed plans to unveil its scaling solution for Solana storage at Breakpoint 2024 on September 20, 2024.
The project also intends to share details of its new storage-enabled liquid staking program and launch the XAND token at the flagship Solana conference, which is scheduled to be held in Singapore. The scaling solution will enable Solana to overcome its current storage model limitations.
It will also allow decentralized applications to scale through virtually unlimited storage. This will effectively increase Solana’s general capacity, which is similar to a “world computer”, for which Solana accounts serve as its “RAM.”
Xandeum will share its vision of adding the “hard drive” via its scalable storage layer, the missing piece, to a full-fledged world computer. It will also bring “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. Thanks to highly dynamic fee markets designed to optimize storage efficiency and profitability, pNodes, validators, and liquid stakes will earn additional rewards in SOL.
“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.”
Xandeum’s storage-enabled liquid staking platform is scheduled to go live on October 29, and 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.
Visit Xandeum’s booth at the conference to learn more about its liquid staking pool, XAND token, and forthcoming airdrops. The first airdrop snapshot, however, will take place on October 8, with the XAND token launch scheduled for October 29.
Xandeum Labs is a Web3 startup dedicated to building Solana’s scalable storage layer. The project has raised $2.8M to develop its scaling solution and has seen significant interest from Solana’s builder community, with over 4B transactions completed on its community-run devnet.
As a major contributor to the world’s first storage-enabled liquid staking platform, Xandeum will support a new wave of scalable web3 dapps while maintaining Solana’s security and decentralization.
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