Helium, the decentralized wireless network that enables the Internet of Things (IoT), has announced that it will fully migrate to the Solana blockchain by March 27th 2023. By March 27th, Helium will have fully migrated to Solana Blockchain lets discuss in detail.
This move is expected to enhance the speed and efficiency of Helium’s network operations and enable faster transactions and lower fees. so moving helium to solana will be an advantage for the existing holders.
The migration to Solana is part of Helium’s ongoing efforts to improve the performance and scalability of its network. Solana is a high-performance blockchain with a unique consensus algorithm to enable faster transactions and higher throughput than other popular blockchain platforms.
Which things will be involved in migration of Helium to Solana?
Helium’s migration to Solana will involve the transfer of all HNT tokens and blockchain data from its current blockchain to the Solana network. This process is expected to be seamless and transparent for Helium users, with no interruption to network operations during the migration.
Once the migration is complete, Helium users can use the faster transaction speeds and lower fees enabled by Solana’s high-performance blockchain. The move is also expected to make it easier for developers to build new applications and services on the Helium network, which could help to drive further growth and adoption of the platform.
By March 27, developers said on Friday, the decentralised wireless communication network Helium will completely migrate to the Solana blockchain.
- HNT, MOBILE, and IOT will proceed to be the tokens in the Helium ecosystem after the migration and will be issued on the Solana network.
- A new version of the Helium Wallet App will be made accessible after the migration is finished. The Helium layer 1 blockchain history will also continue to be accessible to everyone. Customers can update their current wallet app to access the new one. Holders of HNT can also use Phantom or Solflare wallets, which are part of the Solana ecosystem.
Overall, the migration to Solana is a significant step for Helium and is expected to help the platform to better meet the needs of its users and continue to grow and evolve in the fast-paced world of IoT and decentralized networks.