Company to build Solana Software.
A new validator client will be built for the Solana blockchain. A validator is a virtual entity that lives on the blockchain while a validator client is the software that acts on the behalf of the validator. It does this by holding and using private keys to make attestations about the state of the chain and legitimacy of transactions. Anyone is able to serve as a validator as long as they have the required amount of SOL to do so and behave in a way that is helpful to the Solana ecosystem.
Jump Crypto , a subsidiary of Jump Trading based in Chicago, is a major crypto player. The company has significant investments across crypto which include a few Solana-based projects. Jump Crypto has announced that it will be building a new validator client for Solana. The client will be built using C++ which is different from the Rust software used for the existing validator of Solana. Many validators like Coinbase and Jump offer “staking” to users that allow them to add their own SOL to a pool and earn a share of the rewards for providing service to the blockchain.
Solana is run by Solana Labs and the blockchain was built using the Rust language only. This new initiative will see another way for the Solana network to co-exist and run smoothly. This is a plan by Jump Crypto to accelerate adoption of Solana and increase the growth, improvements, and decentralization of the Solana network.
Jump Crypto claims the new initiative will improve Solana greatly and many believe it could be just what was needed to aid the strong but struggling blockchain. With all of the crashes, outages, slowdowns, and hacks this may be a way for Solana to finally get stable.
It’s best to note however, that even with all of the issues stated, the blockchain has never truly fallen and there are plans for more types of innovations and expansions on the horizon- such as the SAGA cellphone and Solana Mobile Service.
Jump Crypto has raised a few eyebrows with this plan, especially the part about increasing decentralization. This is due to the fact that Jump seems to be around every time the blockchain has an issue. Earlier the company spent $320 million to aid Wormhole, a Solana-tied project after a massive hack.
The founders of Solana and executives of Jump Crypto seem to be very closely tied as well. These types of moves are why opponents of Solana continue to speak on how the blockchain is not decentralized at all but instead very centralized- like banks and companies like Meta and Amazon are today.
Jump has a history of solving complex networking issues across financial markets and this new initiative or Solana may indeed attract more clients, fix issues and be an all around boon for Solana nd the Solana community.
