• Helium, an Internet of Things (IoT) project, is migrating to Solana — a blockchain network known for its speed and scalability.
• The primary goal behind Helium’s migration is to improve the network’s stability, scalability and lower transaction costs.
• The migration began yesterday at 4:00 PM UTC and is slated to finish within a day.
Helium’s Migration to Solana
Helium, an Internet of Things (IoT) project, recently announced that it is currently in the process of migrating from its blockchain roots to Solana — a blockchain network known for its speed and scalability. The main purpose of this major move is to enhance the stability and scalability of the Helium network.
Purpose of Migration
The primary goal behind Helium’s migration to Solana is to improve the network’s stability, scalability and lower transaction costs. By transitioning onto Solana’s blockchain, they hope these improvements will be realized while also offering users with better user experience overall.
Migration Timeline
The migration commenced yesterday at 4:00 PM UTC and is slated to finish within a day. To facilitate the transition, the native blockchain of Helium has been paused temporarily while a snapshot was taken of its current state in order for it be successfully transferred onto Solana’s blockchain.
Implications on Token Ownership
As part of this process, both HNT tokens (native tokens on Helium) as well as MOBILE tokens will be charted onto Solana’s blockchain as new native tokens on their platform. This effectively transforms both token types into native tokens on their respective networks.
Conclusion
By shifting over to Solana’s platform, Helium hopes that it will be able bring greater stability, scalability and lower transaction fees thus improving user experience overall for their users who are utilizing their services through IoT devices connected through low-power wireless connections.