Jump Crypto to Build New Validator Client for Solana
Godfrey Benjamin Aug 17, 2022 04:35
Following the growing security breaches on the Solana Blockchain network, Jump Crypto, a start-up known for many things in the digital currency ecosystem, from system redesign to investment, is set to help the protocol build a new validator client.
Following the growing security breaches on the Solana Blockchain network, Jump Crypto, a start-up known for many things in the digital currency ecosystem ranging from system redesign to investment is set to help the protocol build a new validator client.
This proposed validator client is bound to help the Solana protocol regain its stance as it relates to the enhanced efficiency, throughput, and reliability of the protocol. Jump Crypto said the new validator client will complement the one that Solana Labs have designed and that it will be written in the C++ programming language.
“The Solana network has seen exponential growth over the last two years, which shows no signs of slowing down,” added Anatoly Yakovenko, Co-Founder of Solana. “By adding more core contributors like Jump Crypto, the network can maintain its status as the best place to build in web3 while scaling to billions of users. I’m excited for Jump’s engineers to bring a new perspective to the network and help improve network resiliency and efficiency.”
Kevin Bowers, Jump Trading’s Chief Science Officer, has been appointed to lead the project, drawing up a team of experienced scientists and engineers that have helped develop complex algorithms, software, hardware, and networks for one of the largest low latency trading systems in the world.
The creation of a new validator client for Solana is long overdue as the protocol is now losing favour amongst its users with the recent bouts of attacks and outages it has been experiencing. The endeavour from Jump Crypto will be done in collaboration with the Solana Foundation, with both outfits working on the premise to help reposition Solana as one of the fastest and most robust smart contract networks around.
“Through Jump’s decades of work in solving some of the most complex networking challenges across traditional financial markets, we have seen first-hand the impact that improving a network’s speed and efficiency can have on an entire financial system,” said Kevin Bowers. They expressed optimism with respect to the Solana-Validator endeavour.
Image source: Shutterstock