Jump Crypto announced plans to create a new client for Solana

Article Reading Time:
1 min.

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 creating criticallyimportant infrastructure elements to accelerate the growth and sustainability of the crypto ecosystem. The company announced the start of a project to improve the throughput and reliability of the Solana network, which is a new open source client.

"After careful evaluation of potentialparticipants who could create the technological infrastructure necessary to implement this complex project, we decided that the best candidate was Jump Crypto. Jump Crypto has over 20 years of unparalleled experience scaling networks and building high-performance software systems. Their contributions to the Solana network will improve critical parts of the system and help scale the network to billions of users,” said Dan Albert, executive director of the Solana Foundation.

Jump Crypto will offer updates to the mainSolana software, and will also create a new alternative client to the one originally created by Solana Labs. The process of creating the second client will be overseen by Kevin Bowers, Chief Research Officer of the Jump Trading platform.

In 2021, with the assistance of Jump Trading, there wasThe Pyth Network decentralized oracle project was launched on the Solana mainnet, allowing developers to use the market data provided by the Pyth Network in their DeFi applications.