- Xandeum is going to bring scalable storage to Solana, changing dApp growth.
- On October 29, the XAND token and storage-enabled liquid staking will be launched, with early rewards.
Xandeum, a blockchain storage layer business, has stated that their ground-breaking solution for extending Solana’s storage capacity will be revealed on September 20, 2024, at Breakpoint 2024, the flagship Solana conference in Singapore. The company will also roll out a storage-enabled liquid staking program and officially debut its XAND currency.
Xandeum’s technology is intended to get around the limits of Solana’s present storage paradigm, which restricts dApps to a restricted storage area. This innovation transforms Solana into a “world computer” by introducing a scalable storage layer that allows decentralized applications (dApps) to access nearly endless storage. The launch of “Xandeum buckets,” a decentralized, exabyte-scale file system incorporated into Solana’s RPC nodes, promises to spark a surge of storage-enabled dApps.
Transforming Solana with Scalable Storage
Xandeum’s storage system will be built on a decentralized network of pNodes (storage provider nodes) that will be monitored by Xandeum-enabled Solana validators.These pNodes and validators, as well as liquid stakeholders, will be rewarded in SOL through dynamic fee markets that aim to optimize storage costs and profitability. Tommy Johnson, Armada’s co-founder and chief developer, indicated that a low-cost, decentralized storage solution will significantly broaden the application area for Solana, bringing in additional revenue possibilities for SOL.
At Breakpoint 2024, Xandeum will also reveal its storage-enabled liquid staking platform, which will go live on October 29. The platform will capture future Xandeum storage costs for xandSOL stakeholders, giving early adopters the opportunity to earn up to tenfold rewards.
Xandeum, a Breakpoint 2024 sponsor, will have a booth at the event where guests can learn about its liquid staking pool, XAND token, and forthcoming airdrops. The first airdrop snapshot is expected for October 8, with the XAND token launching on October 29.
Xandeum Labs gained $2.8 million to fund the development of its storage scalability solution. With over 4 billion transactions conducted on its development network, Xandeum intends to serve the next wave of scalable web3 applications while retaining Solana’s security and decentralization.
