Helium logo placed on top of ballot box

Helium bound for Solana as community favors proposal

Posted on

The Helium network is set to deploy on the Solana blockchain as 81% of its community voted in favor of HIP 70, an improvement proposal for operational efficiency and better user experience.

See related article: Helium announces new token to scale 5G in multi-network expansion

Fast facts

  • The proposal will move Helium’s proof-of-coverage algorithm and data transfer accounting to oracles to remove reliance on internal blockchain operations and expand its ecosystem on Solana.
  • Oracles serve a key role in compiling off-chain data and relaying it to blockchain smart contracts.
  • The move is expected to enhance mining rewards, improve network performance and give access to Solana-based decentralized apps (dApps) and utilities using Helium tokens.
  • On Tuesday, Helium creator Nova Labs announced Helium Mobile in a partnership with T-Mobile to provide low-cost mobile subscription plans enabling users to earn Solana-based MOBILE tokens.
  • MOBILE tokens can be converted into HNT tokens to access Helium’s decentralized wireless mobile network which includes nearly 1 million hotspots and 4,500 5G networks.

 See related article: What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise?

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *