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Helium, an Web of Issues (IoT) venture, is at the moment within the technique of from its blockchain roots to Solana — a blockchain community recognized for its velocity and scalability.
In line with an official announcement made on April 18th, the aim of this main migration is to reinforce the stability and scalability of the Helium community. The community is constructed on a decentralized community of IoT gadgets that provide connectivity for low-power, long-range wi-fi gadgets.
Helium’s bold transfer to Solana commenced yesterday at 4:00 PM UTC and is slated to complete inside a day. To facilitate the migration, the native blockchain of Helium has been paused, and a snapshot of the community has been taken.
The Helium tokens (HNT) and MOBILE tokens will then be charted onto Solana’s blockchain, successfully remodeling Helium’s native tokens into Solana-native tokens.
In line with Helium’s official weblog put up, the migration to Solana is anticipated to deliver important enhancements to the Helium Community, together with elevated velocity, decrease prices, and larger stability. As well as, the IoT platform plans to faucet into the sturdy developer group and assets accessible on the Solana blockchain ecosystem.
Helium group reacts
The announcement of Helium’s migration from its native blockchain to Solana has been met with combined reactions from the crypto group. Whereas some expressed concern in regards to the stability of the Solana community, others obtained the information with enthusiasm, with one person calling it a “sensible transfer.”
One other person tweeted, “Solana isnt very steady. Don’t fake like it’s….”
The fame for instability isn’t unwarranted — as Solana has confronted frequent outages up to now — with the newest outage occurring in November final yr. In 2022, downtime turned virtually a month-to-month incidence, resulting in widespread criticism of the venture.
Regardless of makes an attempt to handle the difficulty, Solana continued to face technical issues in 2023, with customers experiencing difficulties finishing transactions on the mainnet in February.
Again in September 2022, Helium Enchancment Proposal 70 (HIP-70) was put to the vote to find out whether or not the venture ought to migrate to Solana.
The proposal garnered important assist, with 81.41% of the votes in favor of the transfer. Of the 7,447 votes solid, 6,177 supported the migration, whereas 1,270 had been in opposition to it.
