The Helium project was founded in 2013 and now it’s main task is to create a large IoT network based on, what they call, 'LongFi' connection. This is a communication protocol based on LoRaWAN standard that allows to transmit small data over long distances. Since 2017 Helium has had its own blockchain and HNT token.
This token can be mined using a very interesting method. The user does not need to have high-performance GPUs; it is enough to simply buy a special device from one of the companies that cooperate with Helium and install a hotspot at home or on the street. By providing coverage, the user will receive tokens, and for each device connected to the access point, the gains will increase.
Recently, Helium announced in its blog the migration of the Helium Network to the Solana blockchain. The migration is scheduled for March 27th. That means there is only a month left to wait. According to Helium, the transition to a new blockchain will provide the project with many benefits, including access to Solana Governance Primitives, increased transaction speeds and further scalability.
🌐 The @solana network will allow Helium to access:
— Helium🎈 (@helium) February 17, 2023
- Solana Governance Primitives, like @Realms_DAOs
- A smart contract ecosystem w/ a robust interest in DeFi and NFTs
- Greater scale, transaction speed, & network reliability with Oracles for Proof-of-Coverage and Data Transfer
After the migration, the Helium wallet will become a Solana wallet and will allow users to use the functions of both projects. The native Helium token, HNT, will be compatible with the Solana ecosystem. Regarding Helium Hotspots, the developers say that preparing them for the transition will not be difficult. To facilitate the preparation, the developers recommend that Hotspot owners read the documentation.
📁 Most Hotspot owners will not need to do much to prepare for the migration. However, please reference the Helium Docs if you have questions about how to ensure you're ready. Helium Docs is always the source of truth for technical information. https://t.co/zyCJ5bqQkJ
— Helium🎈 (@helium) February 17, 2023
Over the next month, Helium developers plan to develop the migration FAQ, which can be read at this link. The developers strongly recommend accessing this site in order to better prepare for migration to Solana.
But why did Helium decide to switch to Solana? The blog says for: "...Helium core-developers and community can focus on building wireless protocols and enabling utility on these networks”
“The completion of the migration marks a new era for the Helium Network, enabling it to achieve greater scale and truly become a network of networks. <…> 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.”
If you have been reading our articles, you already know how often we have written about certain problems that Solana has been facing. Therefore, we hope that the Helium developers' cooperation with Solana goes without incident. And we continue to observe.
