Helium successfully completes massive Layer-1 migration to Solana Network

Solana calls the Helium move ‘one of the most significant’ L1 migrations ever.

Helium Live on Solana

The Helium Network has successfully completed its transition to Solana, which described the move as “one of the most significant layer 1 blockchain migrations ever.”

Helium, comprising an telecom-oriented Internet of Things (Iot) ecosystem, had been planning the migration for many months.

“Migrating the Helium Network to Solana offers significantly more utility for the network, including faster transaction speeds and new smart contract capabilities,” according to a Helium blog post.

While the overall migration was a success, there were still some loose ends that needed to be tied up. The Helium Foundation noted some specific issues with rewards and the Helium Wallet App, for example.

The migration, remaining issues, and future roadmap are on the agenda for a Helium AMA scheduled for 16:00 UTC on Thursday.

What Is Helium Network: According to CoinMarketCap, Helium (HNT) is a decentralized blockchain-powered network for the Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT. Helium aims to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.

Related News