Jump Crypto and the Solana Foundation have joined forces to bring more stability to Solana.
Jump Crypto and Solana Foundation will jointly create a second client validator for the Solana Blockchain network. It is intended to increase performance and boost decentralization as the network scales.
Jump Crypto, an investor and developer of Solana networks, has partnered up with Solana Foundation in order to create a new validator client to the blockchain platform.
Jump Crypto will develop a new open-source validator client called Firedancer. It will be built on the C++ programming languages. It will be used in conjunction with Solana Labs existing validator client, which uses the Rust programming languages. Solana Labs also includes Solana founders and core developers.
Jump Crypto provided additional information to Decrypt and a press release. Jump Crypto suggested several ways the second consensus client implementation and validator client could improve Solana’s efficiency and stability. Solana is an increasingly popular network that is used for deFi protocols and NFTs. It also supports decentralized apps ( Dapps), games, and DeFi .
Firedancer, for example, may be deployed to avoid Solana Labs holding a supermajority stake in the validator stake. It could also help maintain network stability should one of the validator clients experience future problems.
Jump Crypto claims that it will bring its network building experience to Solana, as it expands to larger audiences over the coming years.
According to the press release, the firm stated that it would “propose significant improvements to Solana’s open-source core program,” but refused to provide specific details when Decrypt asked.
Jump Crypto representative stated that Solana’s throughput doesn’t depend on hardware but software inefficiencies. Decrypt. Jump’s performance engineering mindset will be applied to Solana’s scaling problems.
Jump Crypto intends to “make significant progress in Firedancer over 12-24 months,” said a representative. He also noted that all open source development will be done in the public sphere, with any input welcome.
Jump Trading’s chief scientist officer Kevin Bowers will be leading the project.
Anatoly Yakovenko (Solana cofounder) stated in a release that Jump Crypto is a core contributor to the network and can help it maintain its position as the best place in Web3 to build, while scaling to billions more users. Jump’s engineers will bring a fresh perspective to the network, and I’m looking forward to helping improve efficiency and resilience of the network.
Jump Crypto was a major supporter of the Solana eco-system, including order book serum, popular cryptocurrency wallet Phantom and native oracle Pyth. It also supported the Ethereum to-Solana bridge Wormhole and provided financial assistance. Jump Crypto refilled $320 million worth ETH in February following Wormhole’s hack.