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Venture capital firm Jump Crypto has announced its intention to create a new client for Solana to improve network throughput, scalability and reliability.
Jump Crypto works on building critical infrastructure elements to accelerate the growth and resilience of the crypto ecosystem. The company announced the launch of a project to improve the capacity and reliability of the Solana network, which is a new open source client.
“After a thorough assessment of potential participants who could create the technological infrastructure necessary to implement this complex project, we decided that the best candidate is Jump Crypto. Jump Crypto has an unprecedented experience of more than 20 years in scaling networks and creating high-performance software systems. Their contribution to the Solana network will improve critical areas of the system, as well as help scale the network to billions of users,” said Dan Albert, executive director of the Solana Foundation.
Jump Crypto will offer updates to Solana’s core software, as well as create a new client alternative to the one originally created by Solana Labs. Overseeing the process of creating a second client will be Kevin Bowers, chief scientist of the Jump Trading platform.
In 2021, with the assistance of Jump Trading, the Pyth Network decentralized oracle project was launched on the main Solana network, thanks to which developers were able to use the market data provided by the Pyth Network in their DeFi applications.
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