On March 27, telecom platform Helium will transition its L1 ecosystem to the Solana blockchain. Find out what this means for the protocol for the Internet of Things:
Internet of Things Ecosystem Migration
The long wait is nearly over. On March 27, the Helium Network will migrate to the Solana blockchain.
The proposed migration date for the telecom platform adheres to the Helium Foundation’s Q1 2023 target.
The Helium Network is officially migrating to @solana on March 27th! Are you ready?
Ensure that you've migrated to the Helium Wallet app for a smooth transition. Keep Hotspots active and online to receive IOT tokens.
More in this thread🧵👇 https://t.co/rzk2xcBEJ0
— Helium🎈 (@helium) February 17, 2023
The Helium community will no longer have to divide its attention between maintaining the Helium Layer-1 blockchain and expanding Helium’s decentralized wireless networks, according to a Helium blog post.
“With 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,” according to the post.
What Is Helium Network:
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices, according to CoinMarketCap. The Helium mainnet, which was launched in July 2019, allows low-powered wireless devices to communicate with one another and send data across its network of nodes. Nodes take the form of so-called Hotspots, which are a cross between a wireless gateway and a blockchain mining device. Users who run nodes earn rewards in Helium’s native cryptocurrency token, HNT. Helium was founded in 2013 with the goal of preparing IoT communication for the future by identifying shortcomings in the current infrastructure.
Learn more about Helium Network:
What is Solana:
Solana is a public, open-source blockchain platform that supports smart contracts, non-fungible tokens (NFTs), and a variety of decentralized applications (dApps). The SOL token, which is native to Solana’s blockchain, serves as both network security and a means of transferring value.