SOL
by BSC News
February 21, 2023
Telecom platform Helium will migrate its L1 ecosystem to the Solana blockchain on March 27. Find out what this means for the Internet of Things protocol:
The long wait is almost over. The Helium Network is migrating to the Solana blockchain on March 27.
The proposed migration date for the telecom platform adheres to the Q1 2023 target that had been set by the Helium Foundation.
According to a Helium blog post, the move means the Helium community will no longer have to divide its focus between maintaining the Helium Layer-1 blockchain and expanding Heliumâs decentralized wireless networks.
âWith the ability to power thousands of transactions per second, combined with its massive ecosystem of developers, applications, and integrations, Solana has the speed and scale necessary to take on the blockchain responsibility while the Helium core-developers and community can focus on building wireless protocols and enabling utility on these networks,â according to the post.
According to CoinMarketCap, Helium (HNT) is a decentralized blockchain-powered network for the Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Heliumâs native cryptocurrency token, HNT. Helium aims to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
Solana is a public, open-source blockchain that allows for smart contracts, non-fungible tokens (NFTs), and various decentralized applications (dApps). The SOL token, which is native to Solana's blockchain, provides network security through staking as well as a means of transferring value.
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