Xandeum is creating a breaking barrier in the blockchain technology stands by making huge efforts to solve Solana’s current storage model’s limits. At Singapore’s Breakpoint 2024 conference, September 20, 2024, Xandeum will unveil its vision for bringing Solana storage to scale, reveal its XAND token, and roll out its liquid staking program. Essentially, this is an important announcement for the Solana ecosystem because, with this announcement, there is a new undulation in decentralized applications (dapps) and a period in Web3.
Xandeum’s Storage Solution Unpacking
Xandeum is not another player in blockchain; it’s setting the stage to change how Solana storage is managed. With this project, we introduce a scalable storage layer, which greatly improves the basic functionality of Solana’s infrastructure. Solana’s accounts are likened to RAM on Solana, traditionally considered a “world computer.” But Xandeum’s technology is intended to fill in the missing piece a “hard drive” that would allow developers to gain access to virtually limitless storage for their applications.
Xandeum Buckets The Innovative
The central concept of “Xandeum buckets” is central to Xandeum’s offering. Designed to be exabytes+ scalable and integrate with Solana RPC nodes, this revolutionary storage system brings the power of exabytes of storage within reach for Solana RPC nodes. Xandeum tries to achieve efficiency and lower costs by offloading storage to a decentralized network of tens and tons of thousands of storage provider nodes (pNodes). The ecosystem would enable these pNodes to be supported by Xandeum-enabled Solana validators and thus be a robust ecosystem with both storage providers and stakers garnering some rewards.
Speaking on behalf of Armada’s co-founder, Tommy Johnson, a prominent Solana development community member, a low cost, decentralized storage solution will drastically expand the application landscape. Xandeum’s insights show that with Xandeum, there would be new revenue streams available to SOL validators and stakeholders, and that will open up more adoption and innovation within the Solana ecosystem.
Liquid Staking: A Game-Changer for Xandeum
Not only does it have its groundbreaking storage layer, Xandeum will also deploy its storage-enabled liquid staking program on October 29, 2024. This initiative is to capture future Xandeum storage fees for stakers of XandSOL, providing an additional incentive to early adopters. If these people are involved with this program, then they are likely to get up to 10 times boosted rewards, and it is a cash cow for investors as well as for stakeholder alike.
What really stands out about Xandeum’s liquid staking model is that it promises to increase the liquidity of staked assets. Because tokens are (temporarily) considered staked, participants should be able to use their assets in other investments or transactions, something that has become an increasingly valuable feature in the dynamic cryptocurrency space.
Why Breakpoint 2024 is Important?
That means we have breakpoint 2024 thrown on our radar as a landmark event for Xandeum. As an official conference sponsor, Xandeum has an official booth where conference attendees and community members and developers alike can learn more about Xandeum’s key initiatives, building on the liquid staking platform, XAND token preparation, and even planned airdrops. The token launch is scheduled for October 29, and the first airdrop snapshot is October 8.
Not only does this event give Xandeum a chance to exhibit its innovations but also a chance to network with the rest of the Solana community. Xandeum has already proven very popular with developers and users alike, as it allows over 4 billion transactions to be completed on its community run devnet.
Solana’s Storage Challenges
Explanation: This issue is addressed on the Solana Storage Challenges here.
Currently, Solana’s major issue is with its current storage system, which is based on ‘accounts’. To scale Web3 applications, that model has proven insufficient at holding even a few gigabytes per dapp, leading to a bottleneck that has stifled the growth of Web3. Xandeum Labs is working on a solution to these limitations. New storage primitives built on top of Solana will improve Xandeum’s development team and programming model.
The fact that Xandeum Labs has raised $2.8 million to date shows the degree of trust investors have in its potential. This capital positions Xandeum to scale out its solution and to keep its security and decentralization as it would be known for Solana.
Conclusion
The excitement over Xandeum’s storage layer and liquid staking program is palpable as the protocol prepares to make its official debut at Breakpoint 2024. Xandeum promises virtually unlimited storage and supply liquidity for Solana stakers, transforming how the Solana ecosystem behaves and deepening liquidity for developers and users.
Xandeum has great potential to catalyze a Cambrian explosion of storage enabled dapps. Xandeum isn’t just boosting the platform’s capabilities; it is meant to serve as a front-runner in the Web3 space with its approach to addressing Solana’s critical limitations as we know them today.
To learn more about Xandeum (including the forthcoming XAND token launch and liquid staking program), please visit the official Xandeum website. On the blockchain space, Xandeum is also an important player to watch as its solutions could become the definition of decentralized applications on the Solana ecosystem.
