Home BlockchainSolana Helium Foundation announces that the Helium Network is moving to Solana

Helium Foundation announces that the Helium Network is moving to Solana

by Chief editor

The Helium Foundation has announced that the decentralised Helium Network, which enables wireless communication protocols, is moving to Solana blockchain after the community agreed to this through a vote.

The network, established in 2019, is so far running on its own Layer 1 blockchain. In August, the Helium Foundation released the Helium Improvement Proposal, HIP70, to migrate the network to the Solana blockchain, putting it up for a vote.

Helium is scheduled to migrate to Solana in the fourth quarter of 2022. Helium Foundation will work closely with Solana Foundation to ensure a seamless transition.

“Solana and its key differentiators – scalability, low cost and energy efficiency – are the ideal foundation for realising Helium’s ambitious mission. When the Helium community voted to migrate to the Solana network, it endorsed Solana as the foundation for the next phase of growth in the Helium ecosystem,” said Anatoly Yakovenko, co-founder of Solana.

81.41% voted in favour of the HIP70 proposal. A total of 7,447 people voted. Under the terms of the proposal, a two-thirds majority was required for it to be accepted. Community members put HNT tokens to vote on the blockchain.

The transition of Helium to Solana will not affect HNT, MOBILE and IOT, which will remain tokens of the Helium ecosystem but will now be issued on Solana. Helium Network applications and management will also be migrated. Once the migration is complete, a new version of the Helium Wallet app will be released. Users will also be able to use other wallets in the Solana ecosystem, such as Phantom or Solflare.

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