Xandeum Reveals Solana Scaling, XAND Token, Liquid Staking at Breakpoint

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

Blockchain storage layer Xandeum has revealed that it will unveil its plan for enhancing Solana storage at Breakpoint 2024 on September 20, 2024. During the primary Solana conference in Singapore, Xandeum will also introduce its newly developed storage-enabled liquid staking program and officially announce the debut of the XAND token.

Aimed at overcoming the constraints of Solana’s existing storage framework, Xandeum’s technology will empower dapps to scale by utilizing nearly infinite storage. Solana can be conceptualized as a “world computer,” with Solana accounts acting as its “RAM.” At Breakpoint 2024, Xandeum will present its vision for incorporating the “hard drive” through its scalable storage layer, an essential component for a complete world computer. This advancement prompts a Cambrian Explosion of storage-enabled dapps.

The smart contract native storage layer introduces “Xandeum buckets,” a scalable file system exceeding exabytes, integrated directly with Solana RPC nodes. Storage will be delegated to a decentralized network comprising hundreds of thousands of storage provider nodes (pNodes), overseen by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will garner additional rewards in SOL, thanks to highly dynamic fee markets designed to enhance storage efficiency and profitability.

“A low-cost, decentralized storage solution will significantly broaden the application landscape,” states Tommy Johnson, an early Solana developer, co-founder, and lead engineer at Armada. “It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution is set to profoundly impact the expansion of the Solana ecosystem.”

Further details regarding Xandeum’s scaling solution for Solana will be disclosed at Breakpoint 2024. Additionally, Xandeum will utilize the event to launch its storage-enabled liquid staking platform. Scheduled to commence on October 29, the platform will capture future Xandeum storage fees for xandSOL stakers. Early participants who stake with Xandeum will qualify for enhanced rewards of up to 10x, with more information available at https://xandeum.network

As an event sponsor, the Xandeum team will have a dedicated booth at Solana Breakpoint 2024 in Singapore, where community members can explore key initiatives, including the liquid staking pool, XAND token, and upcoming airdrops. The first airdrop snapshot is scheduled for October 8, with the XAND token launch also set for October 29.

Xandeum’s development of innovative storage primitives aims to improve Solana’s programming model by addressing the flaws in the current storage system, referred to as “accounts,” which has been inadequate to support even a few gigabytes per dapp. These limitations pose a risk to the growth of web3 applications on Solana.

The lead developer at Xandeum Labs has successfully raised $2.8M to implement its scaling solution and has attracted significant interest from Solana’s development community, achieving over 4B transactions on its community-run devnet. Xandeum is poised to facilitate a new wave of scalable web3 dapps while preserving Solana’s security and decentralization.

About Xandeum Labs

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

For more information, visit: https://xandeum.com