Back

DoubleZero Launches Phase II of Solana Delegation Program, Redirecting 2.4M SOL

DoubleZero’s new initiative aims to expand Solana’s global network by redistributing 2.4 million SOL to validators in São Paulo, Singapore, Hong Kong, and Tokyo, underlining the push for decentralization.

SOL

Summary

DoubleZero, a crypto infrastructure startup co-founded by Austin Federa, will begin Phase II of its delegation program on March 9, redirecting 2.4 million SOL from its 13 million SOL pool to validators in underrepresented regions. This move is designed to reduce Solana’s geographic concentration in Europe and support decentralization. Alongside this, DoubleZero plans to implement multicast functionality to optimize data transmission and improve fairness in Solana’s network.

Terms & Concepts
  • Delegation Program: A system in which token holders or managing entities assign staking power to validators to maintain network security and decentralization.
  • Validator: A network participant that verifies transactions and produces blocks on a blockchain such as Solana.
  • Multicast Functionality: A method of data distribution that sends one copy of information to multiple recipients, reducing bandwidth costs and improving network efficiency.