Breaking: Helium Network Completes Migration To Solana

Anvesh Reddy
April 19, 2023
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Helium solana

Helium network has successfully migrated to Solana, completing development over the last 12 months. Helium’s core developers made the announcement saying they completed the upgrade from the Helium blockchain to Solana. This upgrade establishes a new era of scalability, expansion, and reliability for the world’s largest decentralized wireless network, they said. The Solana developers said Helium’s upgrade is a great example of how decentralized physical infrastructure projects can provide real utility to users.

Also Read: U.S. Congress Erupts In Heated Debate Over Stablecoin Regulation

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Helium Migration Complete

The Helium developers chose Solana to gain significantly more utility, including faster transaction speeds and new smart contract capabilities for the network, they said in a statement. Migration to Solana means that core developers will no longer have to maintain a layer 1 blockchain. The Helium Foundation and other contributing organizations can now direct more resources towards our shared goals of accelerating the growth of decentralized wireless networks, the developers expressed. Helium can also bring in new applications within its new ecosystem.

Meanwhile, the Helium (HNT) token price took around 18% jump over the last 7 days in the lead up to the migration event. This is a significant rise for the cryptocurrency considering that Bitcoin price saw a 2.5% drop in the same time period.

Also Read: EU Debates MiCA Crypto Law Before Vote; Here’s Implementation Timeline

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.