Helium Network Releases Proposal for Migration to Solana
As a result of a great twist in the events, Helium Network’s developers devised a proposal at August’s end to migrate the whole network to the blockchain of Solana. The Helium network comprises several hotspots of medium range to replace the internet service based on hard wires. The principal goal of the Helium developers’ proposal is to become more efficient in their operations with rapid transfers, better data exchange with the rest of the blockchains, as well as a higher uptime.
Helium Proposes Migration to Solana
An article was published by the Helium Foundation on 31st August on Medium.com. It sketched the proposed migration as the developers noted that the respective step will enhance the functional efficiency thereof to a great extent. The formal name of the proposal which is set to shift to Solana blockchain is “HIP 70”. It deals with the challenges dealing with scalability, reliability, as well as the speed of the network.
The Helium foundation is in favor of the proposal as well as is conversing with Nova Labs (the company by which the blockchain was developed). In that proposal, three major modifications were mentioned taking into account the transition between proof-of-coverage and oracles, transaction of data dealing with oracles, as well as shifting the Helium Network to the governance and blockchain of Solana. The network’s shift includes the entirety of the tokens like MOBILE, IOT, DC, and HNT.
The Upcoming Moves to Launch HIP 70
The article of the Helium Foundation asserts that the participants had to consume several hours to maintain the distinctive progress, proof-of-coverage operations, and the activities related to reliable data – known as the challenging factors for consumers. Solana was selected by Helium as its blockchain is layer-1-based with an emphasis on speed and scalability. Apart from that, Solana’s proof-of-coverage consensus algorithm will result in substantial improvement of the uptime specified for the confirmation of the transfers without letting scalability or security be compromised.
The proposed shifting from the L1 chain of Helium to the scalable and swift Solana blockchain will additionally guarantee a more rapid user experience as well as cost-effectiveness while utilizing the network of Helium. With the upcoming move being HIP 70’s implementation, it has planned a discord call pondering over the migration proposal with the members thereof. 12th September is the date to start the polling for HIP 70 while the 18th of the same month will conclude it.
