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Cryptoknowmics 2022-08-31 07:52:54

Crypto Wireless Network Migration to Solana by Helium Developers

Helium, the blockchain platform that leverages crypto token incentives to power decentralized wireless networks, might undergo a big transition soon if a recently announced proposal is approved: it could migrate from its blockchain to Solana. The primary developers of Helium explain in the HIP 70 proposal, which was newly published publicly, why they wish to migrate the network from their custom chain to Solana, a leading crypto contract platform for decentralized applications (DApps), NFTs, and decentralized finance (DeFi) protocols. The developers believe this will increase Helium’s speed, durability, and capacity to serve more customers. According to a blog post from The Helium Foundation, “Solana offers significant benefits to Helium that include, but are not limited to, scale, community, and composability. This change will be momentous in scope, impact, and benefit to the Helium network and its users.” The program calls for the Helium network to transfer all of its tokens – HNT, IoT, MOBILE, and DC (Data Credits) – from its blockchain to Solana. Additionally, it would rely on oracles, or third-party sources of information, to run Helium’s proof-of-coverage network and data transmission accounting features. Helium + Solana The choice is yours, #hnt — Austin federa (@Austin_Federa) August 30, 2022 The proposal also claims that by using Solana, the Helium community would have a thriving developer ecos...

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