The Solana Foundation and venture capital firm Jump Crypto have joined forces to create a validator client to improve the decentralization and performance of the Solana blockchain.
The open source software called Firedancer will be based on C++. It will complement the already launched client from Solana Labs based on Rust. Development is scheduled to be completed within the next 12-24 months. The company welcomes the involvement of the community in the process.
The initiative is designed to increase the stability of the network in case one type of client has problems, as well as to reduce the proportion of staked assets that support one or another software.
Representatives of the venture firm assured that they would bring a performance-oriented approach to development. According to them, Solana's throughput is currently limited not by hardware, but by software inefficiencies.
the best place to form Web3 with expansion to a billion users,” — said Solana co-founder Anatoly Yakovenko.
Recall that Jump Crypto acted as an investor in the rounds of the DEX Serum teams, the Phantom wallet, the Pyth oracles, and the Wormhole cross-chain bridge. The company backed the latest project with a $320M funding in February 2022 after it was hacked.
In June 2021, the firm participated in a $314M Solana Labs round.
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