- Helium network has migrated to Solana, promising a new era of scalability, expansion, and reliability.
- Helium developers chose Solana to gain faster transaction speeds and new smart contract capabilities.
Helium Network Successfully Migrates to Solana
Helium network has completed its migration to Solana after 12 months of development. According to Helium’s core developers, this upgrade establishes a new era of scalability, expansion, and reliability for the world’s largest decentralized wireless network.
The migration to Solana means that core developers will no longer have to maintain a layer 1 blockchain, allowing the Helium Foundation and other contributing organizations to direct more resources towards accelerating the growth of decentralized wireless networks.
Solana Offers Faster Transaction Speeds and New Smart Contract Capabilities
The Helium developers chose Solana to gain significantly more utility, including faster transaction speeds and new smart contract capabilities for the network. Helium can now bring in new applications within its new ecosystem. The Solana developers see Helium’s upgrade as a great example of how decentralized physical infrastructure projects can provide real utility to users.
Helium (HNT) Token Price Rises Ahead of Migration Event The Helium (HNT) token price saw an 18% increase in the seven days leading up to the migration event. This is a significant rise for the cryptocurrency, especially considering that Bitcoin price saw a 2.5% drop in the same time period.
In conclusion, Helium’s successful migration to Solana promises a new era of scalability, expansion, and reliability for the world’s largest decentralized wireless network. The upgrade to Solana offers faster transaction speeds and new smart contract capabilities for the network, which could bring in new applications within its new ecosystem. The increase in the HNT token price ahead of the migration event shows the market’s optimism towards Helium’s future prospects.
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