Jump Crypto announces plan to build new validator client for Solana

Quick Take

  • Jump Crypto will build a new validator client for Solana, the firm announced Tuesday.
  • The initiative’s main goal is to boost the scalability and reliability of the Solana network.
 

Jump Crypto announced today it is building a new open-source validator client for the Solana network.

This new initiative's main goal is to boost the scalability and reliability of the Solana network, which has experienced several extended periods of down time this year.

Validators play a critical role in Proof of Stake blockchains. Validators maximize the chance the canonical chain (the accepted chain that users interact with and post transaction blocks to) can be detected while also defending against potential attacks.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The reason why having multiple validators is important is because it makes it much more difficult and game-theoretically improbable for an attacker to coordinate an attack via miner (or staker) collusion.  

Jump Crypto will propose significant upgrades to Solana’s open-source core software along with building a second and new open-source validator client using the C++ programming language, separate from the one built by Solana Labs. The process will be overseen by Jump Crypto’s chief science officer, Kevin Bowers.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Mike is a reporter on the crypto ecosystems team who specializes in zero-knowledge proofs and applications. Prior to joining The Block, Mike worked with Circle, Blocknative, and various DeFi protocols on growth and strategy.