Jump Crypto applies its research and development talents to increase the efficiency of one of the fastest blockchains in the world
CHICAGO and ZUG, Switzerland, August 16, 2022–(COMMERCIAL WIRE)–Jump Crypto, an organization that develops the essential infrastructure needed to catalyze the growth of the crypto ecosystem, and the Solana Foundation, a nonprofit organization dedicated to the decentralization, advancement, and security of the Solana network, a network blockchain company, today announced an ambitious project to increase the performance and reliability of the Solana network by creating a new open source validation client for the network using the C++ programming language.
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Validators are the heart of any decentralized proof-of-stake blockchain, and this initiative to develop a second independent client for the Solana blockchain represents an important step in further decentralizing the network. Jump Crypto will feature significant updates to Solana’s core open source software, as well as the creation of a second, new validation client, in addition to the one created by Solana Labs.
“After careful evaluation of potential contributors who could create the kind of technology infrastructure needed to undertake such a complex project, I believe Jump Crypto is an excellent choice to lead this effort,” said Dan Albert, Executive Director of the Solana Foundation. . “Jump’s experience is unmatched with more than 20 years of scaling networks and building high-performance software systems. Your contributions to the Solana network will improve critical systems, enabling the network to reach billions of users.”
“Although it is a wildly ambitious project, Jump has always focused on building the backbone and infrastructure of blockchain technology,” said Kanav Kariya, president of Jump Crypto. “Nothing is more important today than solving the world’s most complex network problems, and we are very happy that the Solana Foundation has trusted us to help revolutionize this technology and thus make the fastest blockchain even faster. and confiable.
“The Solana network has grown exponentially in the last two years and shows no signs of slowing down,” added Anatoly Yakovenko, co-founder of Solana. “By adding more top contributors like Jump Crypto, the network can maintain its status as a great place to build on web3, while growing to billions of users.” I’m excited that Jump engineers are bringing a new perspective to the network and helping improve network resiliency and efficiency.”
The process of creating a new validation client will be overseen by Kevin Bowers, Jump Trading’s Chief Scientific Advisor, who leads a team of scientists and engineers who have developed complex algorithms, software, hardware, and networks for one of the world’s leading low-cost trading systems. larger latencies. in the world. Mr. Bowers joined Jump Trading in 2010 as a systems architect after six years as a scientist at DE Shaw Research, where he helped create award-winning numerical methods, software, hardware and networks for some of the fastest and most reliable molecular biochemical simulations available. Jump Trading longs. dynamic in the world. His research at Los Alamos and independently at UC-Berkeley on plasma simulation has earned him similar recognition. The codes he designed have been described and used in hundreds of widely cited scientific papers, published in the general press and in museums, successfully opened and commercialized, and remain popular anchor applications for the world’s largest supercomputers.
“Through Jump’s decades of work solving some of the most complex network challenges in traditional financial markets, we’ve seen firsthand the impact that improving network speed and efficiency has on the entire financial system” Kevin Bowers said. “Now, given the relatively slow speeds and unreliability of blockchain networks, there is an incredible opportunity to transform the functionality and efficiency of these networks. We are excited to apply our proven technologies to drive widespread adoption and create endless possibilities that will drive real change in the world.”
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About Jump Crypto
Jump Crypto is committed to creating and establishing the essential infrastructure needed to catalyze the growth of the crypto ecosystem. They are creators, partners, and merchants who take a long-term view of the prospects for cryptocurrencies and work to unlock the full potential of open and community networks. From its beginnings as an internal skunkworks project in late 2015, Jump Crypto has grown into a dynamic and experienced team with high-performing people in a variety of roles. Today, Jump Crypto plays an important role in the development of some of the largest and most innovative crypto communities. Jump Crypto is the crypto division of Jump Trading Group, a research-driven quantitative trading firm with the status of one of the highest volume traders in traditional asset classes. For more information, visit the site at https://jumpcrypto.com
About the Solana Foundation
The Solana Foundation supports the decentralization, adoption and security of the Solana ecosystem, as a non-profit foundation based in Zug, Switzerland. For more information, visit the website at https://solana.org/.
Solana is a blockchain designed for mass adoption. It is a high-performance network, used for a variety of use cases including finance, NFT, payments, and gaming. Solana operates as a single global, open, interoperable and decentralized state machine. For more information, visit the website at https://solana.com.
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