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Helium Network schedules migration to Solana for March

Published on

February 19, 2023
Read Time:2 Minute, 6 Second

Communications protocol Helium Community has set March 27 because the date for its migration to the Solana blockchain and using oracles to enhance scalability and reliability.

After In keeping with a Feb. 17 weblog submit, there will probably be a 24-hour transition interval on March 27, throughout which the present Helium blockchain will probably be halted. This doesn't have an effect on exercise to show protection and information switch. A working group of neighborhood volunteers is fashioned to supervise the migration course of. Helium's crew defined:

"This improve will embrace all wallets, hotspots and Helium community well being and can start over a 24-hour transition interval starting at roughly 1500 UTC / 10:00 AM ET."

ATTENTION!
The Helium Community is formally migrating to @solana on March twenty seventh! Are you prepared?
Ensure you've migrated to the Helium Pockets app for a easy transition. Preserve hotspots lively and on-line to get IOT tokens.

Extra on this thread https://t.co/rzk2xcBEJ0

— Helium (@helium) February 17, 2023

After the chain stops, the validators cease producing blocks and transactions should not synchronized. After migrating all accounts and tokens to the Solana blockchain, a closing snapshot of the blockchain is created and hotspots are minted as non-fungible tokens (NFTs), the crew famous.

“Notice that any bounty generated from Proof-of-Protection exercise within the final 24 hours will probably be out there in your Helium pockets to assert after the transition interval. Oracles will replace claimable balances and hotspot house owners will have the ability to reap the benefits of the brand new claims function."

HNT and MOBILE token holders don't must take any motion to take part within the improve. The identical is true for almost all of hotspot house owners, though giant fleet house owners could possibly check particular entitlement options or develop customized pockets options.

The transfer to Solana was made doable by the neighborhood passing HIP-70 on September 22 with over 80% approval. On the time, the builders emphasised that the migration advantages would come with extra of their native token out there for SubDAO reward swimming pools, improved mining, and extra dependable information transmission and ecosystem help.

Additionally in September final 12 months, Nova Labs, the creator of Helium, introduced an settlement with American telecom supplier T-Cell to launch a crypto-powered mobile service that will permit subscribers to earn crypto rewards for sharing protection high quality information whereas doing so to assist establish helium lifeless spots throughout the nation.



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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : February 19, 2023
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