Sat, October 26

March 27 Set For Helium Network’s Migration to Solana Blockchain

Blockchain News
  • The switch will occur on March 27 and take place over the course of 24 hours.
  • When validators cease creating blocks, transactions will stop syncing.

To increase scalability and dependability, Helium Network, a communications protocol, has planned a transfer to the Solana blockchain and the implementation of oracles on March 27.

The blog article from February 17 states that the switch will occur on March 27. And take place over the course of 24 hours, at which time the present Helium blockchain will be disabled. Data transfers and Proof-of-Coverage processes will continue as normal. Moreover, it is being migrated under the watchful eye of a working group of community volunteers. 

The Helium team has stated:

“This upgrade will encompass all wallets, Hotspots, and Helium Network state, and will take place over a 24-hour transition period commencing at approximately 1500 UTC / 10:00 AM ET.”

No Action Required

When validators cease creating blocks, transactions will stop syncing. After all accounts and tokens have been moved to the Solana blockchain, a final snapshot will be made, and the company has announced that hotspots would be minted as NFTs.

HNT and MOBILE token holders don’t need to do anything special to participate in the update. The same holds true for the vast majority of hotspot owners. At the same time, those with larger fleets may be able to do pilot studies on specialized claim functionality or create unique wallet solutions.

On September 22nd, the Solana community overwhelmingly approved Measure HIP-70, making it possible to begin move efforts. More of its native currency would be accessible to subDAO reward pools, mining would be enhanced, and data transfers and ecosystem support would be more stable, as was emphasized by the developers at the time.

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.