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Migration of Helium Network to Solana Blockchain

February 27, 2023 World Blockchain

The communications protocol Helium Network has chosen the date of March 27 as the aim for its transfer to the Solana blockchain and the deployment of Oracles in an effort to boost both its scalability and dependability.

On March 27, the current version of the Helium blockchain will be suspended, according to a blog post that was posted on February 17th. The 24-hour changeover period will be in effect. Data transmission and proof-of-coverage procedures won’t be hampered in any manner. A working committee made up of volunteers from the community is now being formed to oversee the relocation procedure. The impending update will affect all wallets, Hotspots, and Helium Network state, and it will take place over the course of a 24-hour transition period starting at roughly 1500 UTC / 10:00 AM ET, according to a statement from the Helium development team.

Validators won’t create new blocks while the chain is paused, and transactions won’t be synced. Hotspots will be created as nonfungible tokens (NFTs) after the transfer of all accounts and tokens to the Solana blockchain, according to the company. Keep in mind that after the transition period is over, any incentives that were created as a result of Proof-of-Coverage actions performed over the previous twenty-four hours may be redeemed for Helium Wallet tokens. Hotspot Owners will have access to the new claim function, and Oracles will update any current balances that may be claimed.

The majority of Hotspot owners will not need to take any more steps to participate in the update, and the same is true for token holders of HNT and MOBILE. But, owners of large fleets may be able to test certain claim capabilities or create custom wallet solutions.

The community approved HIP-70 on September 22nd with a more than 80% approval rate, which made the move to Solana feasible. The move would enhance the amount of its native currency that subDAO reward pools would have access to, improve mining, and provide more reliable data transmission and ecosystem support, according to the developers at the time.

The American telecommunications provider T-Mobile and Nova Labs, the company that created Helium, announced their agreement to launch a crypto-powered mobile service in September of the previous year. This service would allow users to earn cryptocurrency rewards for sharing information about the quality of coverage and for helping to identify Helium dead-spot locations across the nation.

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