Helium Network to Begin New Era with Migration to Solana Blockchain on March 27th
The Helium Foundation has announced that its network will migrate to the Solana blockchain on March 27, 2023. This migration marks the most significant upgrade to the Helium Network, enabling it to achieve greater scalability and reliability. The deployment of Oracles and the move to Solana is expected to remove major scaling bottlenecks for both Proof-of-Coverage and Data Transfer processing.
The Helium Network is officially migrating to @solana on March 27th! Are you ready?
Ensure that you’ve migrated to the Helium Wallet app for a smooth transition. Keep Hotspots active and online to receive IOT tokens.
More in this thread🧵👇 https://t.co/rzk2xcBEJ0
— Helium🎈 (@helium) February 17, 2023
Helium is a decentralized wireless network that enables devices to communicate with each other and the internet. It is powered by Hotspots, which provide wireless coverage and earn Helium Network Tokens (HNT) as a reward. The network has onboarded nearly 1 million Hotspots, and commercial demand for the network is becoming a larger focus.
Solana, on the other hand, is a high-performance blockchain that can handle thousands of transactions per second. By migrating to Solana, Helium can focus on building wireless protocols and enabling utility on these networks. Once completed, HNT will become natively compatible with other platforms within Solana’s ecosystem, adding utility for HNT, MOBILE, and IOT token holders.
The Helium Foundation has formed an Upgrade Readiness Working Group to ensure a smooth transition. The working group, consisting of volunteers from the community, will oversee the migration process and have the final say in the migration date. The Helium Foundation has advised that its official documentation remains the definitive source of truth for all Helium-related information.
The 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. While the current Helium blockchain will be halted during the transition, Data Transfer and Proof-of-Coverage activity will be unaffected.
Hotspot owners and token holders (HNT and MOBILE) will not need to take any action to participate in the upgrade. Owners of large fleets of Hotspots may want to work with community developers to test specific claim functionality or develop custom wallet solutions as they already have on the Helium L1.
The Helium Foundation is thrilled to share this milestone with the entire Helium community and usher in the new phase of the Network. The migration to the Solana blockchain and deployment of Oracles represents a significant step forward for the Helium Network, enabling it to achieve greater scale and reliability.
The Helium Foundation is committed to ensuring a smooth transition and welcomes additional volunteers to apply for the Upgrade Readiness Working Group. Applications close on February 24th.
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