Xandeum Labs, the lead developer of Xandeum, a blockchain storage layer platform on Solana, plans to unveil a scaling solution, liquid staking program, and the native token XAND on September 20, 2024.
Solana’s scaling solution, Xandeum, to launch at Breakpoint 2024
Xandeum, a blockchain storage layer platform on Solana, is set to unveil its scaling solution, liquid staking program, and native token XAND at the Solana (SOL) Breakpoint 2024 conference in Singapore, according to a press release shared with crypto.news.
Scaling Solana’s storage model
Solana’s Breakpoint conferences have seen some of the biggest announcements in the network’s ecosystem, including the Firedance testnet in 2023. As the community gears up for Breakpoint 2024 Singapore, Xandeum is teasing some major reveals.
Some of the key features that Xandeum’s platform will be scaling are Solana’s current storage model and architecture. The technology is designed to help decentralized applications access “virtually unlimited storage.”
According to the details shared with crypto.news, the platform’s tech integrates directly into Solana’s remote procedure call nodes. This expands the decentralization further with a network of storage provider nodes, also known as pNodes.
At the core of this is a dynamic fee market that ensures pNodes, validators, and liquid stakers are incentivized to support an efficient and decentralized storage network. These key players earn rewards in SOL, which could introduce a new revenue stream and boost Solana’s ecosystem significantly.
XAND token launch date
Xandeum will also be launching its liquid staking platform on October 29, 2024, which will give SOL stakers the ability to earn from future Xandeum storage fees through the liquid staking token xandSOL.
Meanwhile, the XAND token will launch on October 29. Web3 startup Xandeum Labs, the lead developer of Xandeum, is expected to debut its pNodes network in early 2025. The startup has secured $2.8 million to develop and deploy its scaling solution.
Solana is one of the top blockchain networks with a massive ecosystem in decentralized finance and other crypto sectors. However, it has also faced some challenges, such as network outages, as the ecosystem expanded rapidly following its mainnet beta launch in March 2020.
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