Helium Foundation Announce Migration To Solana Blockchain
After a successful community vote, the Helium Foundation has announced the migration of the Helium Network, a decentralized network that powers wireless communication protocols, to the Solana blockchain.
The network, which has run its own Layer-1 blockchain ever since its inception in 2019, suggested the migration in August through HIP70, a Helium Improvement Proposal.
The development is indicative of the teams desire to scale Helium to meet the growing needs of builders and users, while simultaneously contributing to the acceleration of the decentralized wireless network of Helium 5G along with over 945,000 user-managed IoT (Internet of Things) hotspot devices.
The Helium Foundations COO, Scott Sigel, said that the team has always had an overall objective of deploying and managing wireless networks at scale, and moving to Solana is hence a significant step forward in that direction.
The migration is planned for 2022s 4th quarter. The Helium Foundation stated that it would collaborate with the Solana Foundation to ensure a smooth transition.
Top News
2 months ago
2 months ago
2 months ago
2 months ago
3 months ago
3 months ago
3 months ago
3 months ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.