Helium (HNT) Presses on With ‘Ambitious Mission’ by Voting to Move to Solana (SOL) Blockchain

Helium (HNT) Presses on With ‘Ambitious  Mission’ by Voting to Move to Solana (SOL) Blockchain



The Helium (HNT) neighborhood has voted to migrate its ecosystem from its native blockchain to Solana.

The migration to Solana, made attainable by an 81% majority vote on Helium Improvement Proposal 70, will allow the Helium challenge to work together seamlessly with different decentralized finance (DeFi) functions, NFTs, and Web3 functions dwelling within the Solana ecosystem.

According to Helium Foundation COO Scott Sigel, this migration is vital to scaling its decentralized wi-fi community.

“We have an ambitious mission of deploying and managing wireless networks at scale, and moving to Solana allows us to do that. Solana has a proven track record powering some of the world’s most important decentralized initiatives, and they were an obvious choice for us to partner with. Moving to the Solana blockchain allows us to focus our efforts on scaling the network as opposed to managing the blockchain itself,” Scott stated in a press launch.

The Helium core growth group first proposed HIP 70 on Sep. 1, 2022.

On Sep. 20, 2022, Nova Labs, the corporate behind the Helium blockchain, introduced a strategic partnership with U.S. cellular service T-Mobile because it prepares to launch Helium Mobile, a 5G service combining its decentralized community with T-Mobile’s nationwide footprint.

Benefits of shifting to Solana

The resolution to go along with Solana got here after the group scrutinized different blockchains that might enable it to shift its focus from servicing its personal blockchain to constructing wi-fi functions. The builders stated Solana’s economies of scale and arsenal of developer instruments have been a key motivation. The potential to work together with decentralized finance functions and non-fungible token marketplaces on Solana additionally performed a key position.

Helium makes use of a singular proof-of-coverage algorithm that rewards customers for proving that community protection exist in a given area. Participants deploy gadgets referred to as hotspots that operate as each miners and wi-fi entry factors and obtain mining rewards by way of wi-fi means reasonably than by way of a mining pc. The proof-of-coverage algorithm intermittently poses cryptographic challenges to hotspots to show that they’re certainly offering community protection at a given time in a selected location. Upon migration to Solana, the variety of cryptographic checks will enhance, bettering the reliability of protection.

After the changeover, a brand new model of the Helium pockets app will even be launched. Holders of HNT, the native token on the Helium blockchain, will probably be ready to maintain their property in Solana wallets. The developer group envisions higher utility for HNT, IOT, and MOBILE tokens inside the Solana ecosystem. Users of Helium Mobile will probably be ready to earn MOBILE tokens utilizing their smartphones.

Industry pundits and Helium neighborhood opinions on the migration have been blended. Last week, a enterprise capital fund behind Algorand, one other fast-growing blockchain, steered that Helium strikes to Algorand. Following HIP70, sure members of the Helium Discord server slammed the concept following Solana’s historical past with community outages. Others complained that they didn’t have a say during which blockchain was chosen, with some proposing Cardano (ADA) and Cosmos (ATOM).

Migration is ready to happen in This autumn 2022.

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