NewsletterBreaking: Helium Network Completes Migration To 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
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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