Helium Network sets migration to Solana for March
Communications protocol Helium Community has set March 27 because the date for its migration to the Solana blockchain and deployment of oracles because it seeks to enhance scalability and reliability.
According to a Feb. 17 weblog put up, the transition will happen over 24 hours on March 27, throughout which period the present Helium blockchain shall be halted. Proof-of-Protection and information switch actions will stay unaffected. A working group of group volunteers is being shaped to supervise the migration course of. Helium’s workforce acknowledged:
“This improve will embody all wallets, Hotspots, and Helium Community state, and can happen over a 24-hour transition interval commencing at roughly 1500 UTC / 10:00 AM ET.”
The Helium Community is formally migrating to @solana on March twenty seventh! Are you prepared?
Make sure that you have migrated to the Helium Pockets app for a clean transition. Maintain Hotspots energetic and on-line to obtain IOT tokens.
Extra on this thread https://t.co/rzk2xcBEJ0
— Helium (@helium) February 17, 2023
After the chain halt, validators will cease producing blocks and transactions gained’t sync. A last snapshot of the blockchain shall be taken after the migration of all accounts and tokens to the Solana blockchain, and hotspots shall be minted as nonfungible tokens (NFTs), the workforce mentioned.
“Word that any rewards generated by Proof-of-Protection exercise within the prior 24 hours shall be accessible to assert in your Helium Pockets after the transition interval. Oracles will replace claimable balances, and Hotspot House owners will have the ability to use the brand new declare perform.”
Holders of HNT and MOBILE tokens is not going to have to take any motion to take part within the improve. The identical applies for almost all of hotspot house owners, though massive fleet house owners might be able to take a look at particular declare performance or develop customized pockets options.
The transfer to Solana was enabled by the group passing HIP-70 on Sept. 22, with over 80% voting in favour. On the time, builders highlighted the migration advantages would come with extra of its native token accessible to subDAO reward swimming pools, improved mining, in addition to extra dependable information switch and ecosystem assist.
Additionally final September, Helium creator Nova Labs introduced an settlement with American telecommunications supplier T-Cellular to launch a crypto-powered cellular service enabling subscribers to earn crypto rewards for sharing information about protection high quality and serving to establish Helium dead-spot places nationwide.