Helium’s original blockchain stopped when the project moved to Solana

Helium’s original blockchain stopped when the project moved to Solana

Helium, an Internet of Things (IoT) project, is currently transitioning from its blockchain roots to Solana – a blockchain network known for its speed and scalability.

According to an official announcement on April 18, the purpose of this major migration is to improve the stability and scalability of the Helium network. The network is built on a decentralized network of IoT devices that offer connectivity for low-power, long-range wireless devices.

Helium’s ambitious move to Solana began yesterday at 16:00 UTC and is scheduled to be completed within a day. To facilitate the migration, the original blockchain of Helium has been paused and a snapshot of the network has been taken.

The Helium tokens (HNT) and MOBILE tokens will then be mapped onto Solana’s blockchain, effectively transforming Helium’s native tokens into Solana native tokens.

According to Helium’s official blog post, the migration to Solana is expected to bring significant improvements to the Helium Network, including increased speed, lower costs and greater stability. Additionally, the IoT platform plans to tap into the robust developer community and resources available on Solana’s blockchain ecosystem.

The helium community is responding

The announcement of Helium’s migration from its native blockchain to Solana has been met with mixed reactions from the crypto community. While some expressed concern about the stability of the Solana network, others received the news with enthusiasm, with one user calls it’s a “smart move”.

Another user tweeted“Solana isn’t very stable. Don’t pretend it is….”

The rumor of instability is not unwarranted – as Solana has been subject to frequent power outages in the past – with the most recent outage last November. By 2022, downtime became an almost monthly occurrence, leading to widespread criticism of the project.

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Despite efforts to resolve the issue, Solana continued to experience technical issues in 2023, with users having difficulty completing transactions on the mainnet in February.

Back in September 2022, Helium Improvement Proposal 70 (HIP-70) was put up for a vote to determine whether the project should migrate to Solana.

The proposal received considerable support, with 81.41% of the vote in favor of the move. Of the 7,447 votes cast, 6,177 supported the migration, while 1,270 were against.

Disclaimer: Our authors’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Do your own due diligence before doing anything related to the content of this article. Finally, CryptoSlate takes no responsibility if you lose money trading cryptocurrencies.

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