Aiming to improve the decentralization and performance of the Solana network, Web3 infrastructure developer and network investor, Jump Crypto, has partnered with the Solana Foundation to create a new, additional validation client for the blockchain platform.
Jump Crypto will lead the development of a new open-source validation client, called Firedancer, which will be based on the C++ programming language. It is intended to co-exist with Solana Labs’ existing validation client, which is based on the Rust programming language. Solana Labs includes the founders and key developers of Solana.
This second consensus node and validation client implementation will in various ways be able to help improve the efficiency and stability of Solana, which is becoming increasingly popular and used in DeFi protocols, NFT, decentralized applications ( dapps) and games.
For example, Firedancer could help avoid the overwhelming majority of the validation share held by Solana Labs’ sole validation client and could also help with network stability if the validator client experiences future problems.
With the momentum of Jump Crypto
Jump Crypto further suggests that it will bring its network building expertise to Solana as it scales to a potentially larger audience in the coming years.
“WITH THE ADDITION OF MORE KEY PARTNERS LIKE JUMP CRYPTO, THE NETWORK CAN MAINTAIN ITS STATUS AS THE BEST PLACE TO BUILD ON WEB3 WHILE SCALING TO BILLIONS OF USERS,” SAID SOLANA CO-FOUNDER ANATOLY YAKOVENKO, ADDING, “I’M EXCITED THAT JUMP’S ENGINEERS ARE BRINGING A NEW PERSPECTIVE TO THE NETWORK AND HELPING TO IMPROVE ITS RESILIENCE AND EFFICIENCY.”
Jump Crypto has been a major supporter of the Solana ecosystem, with involvement in the Serum order book, the popular wallet, Phantom and the native oracle Pyth. It also supported Wormhole, which is an Ethereum-to-Solana bridge, which it even rescued when it was attacked last February (Jump Crypto refunded $320 million worth of ETH in February after the Wormhole breach).
Previous Articles:
- Crypto.com expands its operations to the UK
- Helium Buys 5G Networks Software Company FreedomFi
- JPMorgan: Coinbase’s short-term outlook is “still bleak”
- Pangolin Launches Sunshine and Rainbows: The Ultimate Staking Algorithm for Sticky Liquidity
- 5 Best Crypto Mobile Games
