Jump Crypto Joins Solana Blockchain Building

Jump Crypto is using its expertise in research and development to improve the efficiency of one of the world’s quickest blockchains.

Jump Trading Group is an American financial giant headquartered in Chicago. This group operates a crypto-focused investment fund called Jump Crypto – the backing fund for LUNA-UST and the Wormhole cross-chain bridge.

A few months after the LUNA-UST crash, Jump Crypto has made a comeback and continues to choose the Solana blockchain as its destination. This time, the Jump Foundation claims to help renovate a part of Solana’s infrastructure to make this blockchain less delayed than before.

Specifically, Jump Crypto will build a validator application for the Solana blockchain called Firedancer, using the C++ language. This is the oldest programming language that Jump’s dev team has the most experience implementing. Jump Trading Group’s Chief Science Officer will oversee the project.

Solana Foundation CEO Dan Albert said:

“After a close evaluation of potential contributors that could build the kind of technological infrastructure needed to undertake this complex of a project, I believe Jump Crypto is an excellent choice to lead this effort.

Jump has unparalleled experience with over 20 years of scaling networks and building highly performant software systems. Their contributions to the Solana network will improve mission-critical systems, helping the network scale to billions of users.”

Solana has recently had some issues delaying the blockchain for several hours. As of June 2022, Solana has had four blockchain crashes leading to many criticisms from users and many ridicules from the community. Therefore, this partnership is expected to bring significant technological improvements that will help revive the project.

It is quite interesting that Jump Crypto is also the backing fund for Aptos, the recently emerging project to become the “Solana Killer.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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