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

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

Blockchain
storage
layer

Xandeum
has
announced
that
it
will
reveal
its
blueprint
for
scaling
Solana
storage
at
Breakpoint
2024
on
September
20,
2024.
At
the
flagship
Solana
conference
in
Singapore,
Xandeum
will
also
share
details
of
its
new
storage-enabled
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
will
allow
dapps
to
scale
by
accessing
virtually
unlimited
storage.
Solana
can
be
looked
at
as
a
“world
computer”,
and
Solana
accounts
are
its
“RAM”.
At
Breakpoint
2024,
Xandeum
will
share
its
vision
for
adding
the
“hard
drive”
via
their
scalable
storage
layer,
the
missing
piece
to
a
full-fledged
world
computer.
This
innovation
enables
a
Cambrian
Explosion
of
storage-enabled
dapps.

The
smart
contract
native
storage
layer
introduces
“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.
pNodes,
validators,
and
liquid
stakers
will
earn
additional
rewards
in
SOL,
thanks
to
highly
dynamic
fee
markets
designed
to
optimize
storage
efficiency
and
profitability.

“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.”

More
details
of
Xandeum’s
Solana
scaling
solution
will
be
shared
at
Breakpoint
2024.
In
addition,
Xandeum
will
use
the
event
to
announce
its
storage-enabled
liquid
staking
platform.
Scheduled
to
go
live
on
October
29,
the
platform
will
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

As
an
event
sponsor,
the
Xandeum
team
will
have
its
own
booth
at
Solana
Breakpoint
2024
in
Singapore,
with
community
members
able
to
learn
more
about
key
initiatives
including
the
liquid
staking
pool,
XAND
token,
and
forthcoming
airdrops.
The
first
airdrop
snapshot
will
take
place
on
October
8,
with
the
XAND
token
launch
scheduled
for
October
29.

Xandeum’s
development
of
new
storage
primitives
to
enhance
Solana’s
programming
model
will
solve
the
issues
with
the
current
storage
system,
known
as
“accounts,”
which
has
proven
insufficient
to
hold
even
a
few
gigabytes
per
dapp.
These
limitations
threaten
to
stifle
the
growth
of
web3
applications
on
Solana.

Xandeum
lead
developer
Xandeum
Labs
has
raised
$2.8M
to
build
out
its
scaling
solution
and
has
seen
significant
interest
from
Solana’s
builder
community,
with
over
4B
transactions
completed
on
its
community-run
devnet.
Xandeum
will
support
a
new
wave
of
scalable
web3
dapps
while
maintaining
Solana’s
security
and
decentralization. 

About
Xandeum
Labs

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

Users
can
learn
more:

https://xandeum.com

Contact

Bernie
Blume
Xandeum
Labs
[email protected]