Helium announces migration date to Solana, 1M hotspots worldwide

2 years ago

Solana (SOL) experienced a surge successful terms pursuing an announcement that Helium (HNT) would beryllium migrating towards the level opening Mar. 27.

In a blog post from Feb., Helium announced the move.

“The Network migration to the Solana blockchain and deployment of Oracles represents the astir important upgrade to Helium Network scalability and reliability.”

Helium’s decentralized web of hotspots totals astir 1 cardinal arsenic of Feb. 2023.

News of the migration day sent the terms of some tokens up past week. Following the news, Solana’s worth has seen an implicit 21% surge — to a precocious of $27.11 connected Feb. 17, from $22.34 connected Feb. 16.

Currently, SOL is worthy $26.15 and Helium is trading for $3.15 astatine the clip of writing.

Helium is simply a web that focuses connected creating an net of things (IoT) powered by carnal hotspots, with HNT tokens utilized to reward participants for validating sum and providing wireless hotspots.

The migration of Helium from its existent layer-1 (L1) solution to the Solana level was precocious announced by the Solana web — with the modulation acceptable to instrumentality spot astatine the extremity of March.

With astir 1 cardinal hotspots worldwide crossed agelong scope and 5G networks, the determination is expected to assistance Helium’s assemblage to absorption connected expanding decentralized wireless networks.

In a caller blog post, Helium encouraged its users to hole for the transition, stating that the migration to the Solana ecosystem volition let its assemblage to absorption connected gathering wireless protocols and enabling inferior connected these networks.

Once completed, HNT volition go natively compatible with different platforms wrong Solana’s ecosystem, adding inferior for HNT, MOBILE, and IoT token holders.

The station Helium announces migration day to Solana, 1M hotspots worldwide appeared archetypal connected CryptoSlate.

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