Home CryptocurrencyAltcoin Helium migrates its blockchain to Solana after partnering with T-Mobile

Helium migrates its blockchain to Solana after partnering with T-Mobile

by SuperiorInvest

Helium Foundation Thursday he announced that it will move its mainnet to the Solana blockchain after a community vote. According to the proposal, proof-of-coverage and data transfer mechanisms will be moved to Helium Oracles.

Meanwhile, the tokens and control of Hélia will be transferred to the tokens and control of the Solana blockchain. As the developers said, the benefits of this move would include more of its native HNT token available for subDAO reward pools, more consistent mining, more reliable data transmission, greater utility for HNT and subDAO tokens, and greater ecosystem support.

Helium is a blockchain wireless communication protocol. In the same week, Nova Labs, the creator of Helium, signed a deal with US telecom provider T-Mobile to launch Helium Mobile, a cryptocurrency mobile service that will allow subscribers to earn crypto rewards. Helium Mobile subscribers with this mobile plan can log in and earn token rewards for sharing coverage quality data and helping identify Helium blind spots across the country. A 5G enabled device is required.

As a decentralized wireless network, Helium provides open source global coverage. Since its launch in 2019, over 900,000 helium-powered hotspots have been deployed, with 1,000 units being added daily. There are currently more than 2,500 active Helium hotspots with 5G in 889 US cities since the program was activated in August 2022.

Solana, Helium’s new blockchain, is known as a hub for creating decentralized applications. When considering vote transactions, Solana’s daily transactions increased by approx 100 to 200 million daily. The number of blockchain users has exceeded 1 million since May of this year. Helium developers recommended this shift because of Solana’s ability to improve operational efficiency and project scalability.

Source Link

Related Posts

%d bloggers like this: