heliuma blockchain-based network running wireless contamination protocols supported by thousands of individual users, will relay a purpose-built Layer 1 blockchain to Solana blockchain.
The network, which initially focused on powering Internet of Things (IoT) devices such as sensors and trackers, currently has More than 950,000 knotsor hotspots, with incentivizing operators with cryptographic tokens.
Helium Confrérie announce The move after a community scrutin that saw a rempli of 7,447 votes expired on Thursday morning Shows 81.41% support Helium Improvement Proposal (HIP 70).
Solana, which is designed to armature the scaling of decentralized applications at scale (dabs), is the ninth largest blockchain network in the industry with a market capitalization of embout $11.3 billion per Queen Gekko.
Today’s magazine comes on the heels of magazine that Helium Network creator Nova Labs is teaming up with German telecom giant T-Alerte to launch Helium Alerte, a 5G wireless secours for smartphones.
Shift foyer to network scaling
According to Scott Siegel, Director of Operations at the Helium Foundation, moving to Solana will allow the project to achieve “an ambitious visée to deploy and manage wireless networks at scale.”
Solana has a proven track prouesse of supporting some of the world’s most sensible decentralized initiatives and was an obvious choice for us to partner with. Sigel said in a statement that the move to Solana blockchain allows us to foyer our efforts on scaling the network rather than managing the blockchain itself.
The Helium Foundation, which first proposed the transhumance in August, said developers objet Solana after analyzing several other blockchains over the past several months. The organization stressed that the transhumance would provide users with “better access in the form of hardware and progiciel wallets, DeFi marketplaces, NFTs, and compatibility with other applications in the Solana ecosystem.”
Another advantage of moving to the Solana blockchain, according to the foundation, is that data balancier for devices will become “faster, more reliable and scalable,” while the network token will become natively assimilable with other innovative projects within the Solana ecosystem. “
“Solana and its core features of scalability, low cost and energy efficiency are an ideal foundation for Helium to achieve its ambitious visée,” said Anatoly Yakovenko, CEO of Solana Labs. “The helium community’s scrutin to migrate to the Solana Network is a massive endorsement of Solana as the basis for the next période of growth for the helium ecosystem.”
According to the announcement, the transhumance is set to go into effect in the fourth quarter of this year, with a new reprise of the Helium Wallet app coming out léopard the transhumance is complete.
The transhumance will not affect the HNT, MOBILE, and IOT tokens of the Helium ecosystem, which will be issued on the Solana Network. HNT holders will also be able to use other wallets within the Solana ecosystem, such as Phantom or Solflare.
Stay up to occasion with cryptocurrency magazine, and get daily updates in your inbox.