Helium migrates its blockchain to Solana following T-Mobile partnership



On Thursday, the Helium Foundation announced that it would be moving its mainnet to the Solana blockchain following a community vote. According to the proposal, proof-of-coverage and Data transfer mechanisms will be moved to Helium Oracles.

Meanwhile, Helium’s tokens and governance will relocate to that of the Solana blockchain. As told by developers, the benefits of the move would include more of its native token HNT available to subDAO reward pools, more consistent mining, more reliable data transfer, more utility for HNT and subDAO tokens, and more ecosystem support.

Helium is a blockchain wireless communications protocol. The same week, Nova Labs, the creator of Helium, signed an agreement with American telecommunications provider T-Mobile to launch Helium Mobile, a crypto-powered mobile service that will enable subscribers to earn crypto rewards. Helium Mobile subscribers on this cellular plan can opt-in to earn token rewards for sharing data about coverage quality and helping identify Helium dead-spot locations nationwide. A 5G capable device is required.

As a decentralized wireless network, Helium provides open-source coverage worldwide. Since its launch in 2019, over 900,000 hotspots using Helium have been deployed, with 1,000 units added daily. There are currently over 2,500 active Helium hotspots with 5G in 889 U.S. cities since the program became active in August 2022.

Solana, Helium’s new blockchain, is known as a hub for building decentralized applications. When considering vote transactions, Solana’s daily transactions have grown from about 100 million to 200 million per day. The blockchain’s user count has surged past 1 million starting from May of this year. Helium developers recommended the shift due to Solana’s capacity to improve operational efficiency and scalability of projects.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 19,493.93
ethereum
Ethereum (ETH) $ 1,340.47
tether
Tether (USDT) $ 0.999294
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 282.13
xrp
XRP (XRP) $ 0.448807
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.436870
solana
Solana (SOL) $ 33.29
dogecoin
Dogecoin (DOGE) $ 0.060645
polkadot
Polkadot (DOT) $ 6.41
shiba-inu
Shiba Inu (SHIB) $ 0.000011
dai
Dai (DAI) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 1,336.28
matic-network
Polygon (MATIC) $ 0.750487
tron
TRON (TRX) $ 0.059684
avalanche-2
Avalanche (AVAX) $ 17.29
uniswap
Uniswap (UNI) $ 6.48
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,460.31
okb
OKB (OKB) $ 15.55
leo-token
LEO Token (LEO) $ 4.10
chainlink
Chainlink (LINK) $ 7.74
litecoin
Litecoin (LTC) $ 53.54
ethereum-classic
Ethereum Classic (ETC) $ 27.67
cosmos
Cosmos Hub (ATOM) $ 12.92
ftx-token
FTX (FTT) $ 24.14
crypto-com-chain
Cronos (CRO) $ 0.112236
near
NEAR Protocol (NEAR) $ 3.59
stellar
Stellar (XLM) $ 0.108761
monero
Monero (XMR) $ 146.90
algorand
Algorand (ALGO) $ 0.356484
bitcoin-cash
Bitcoin Cash (BCH) $ 114.38
terra-luna
Terra Luna Classic (LUNC) $ 0.000272
quant-network
Quant (QNT) $ 137.70
flow
Flow (FLOW) $ 1.65
filecoin
Filecoin (FIL) $ 5.86
apecoin
ApeCoin (APE) $ 5.36
vechain
VeChain (VET) $ 0.022943
chain-2
Chain (XCN) $ 0.074261
internet-computer
Internet Computer (ICP) $ 6.04
hedera-hashgraph
Hedera (HBAR) $ 0.058151
frax
Frax (FRAX) $ 1.00
tezos
Tezos (XTZ) $ 1.44
decentraland
Decentraland (MANA) $ 0.704795
chiliz
Chiliz (CHZ) $ 0.238464
the-sandbox
The Sandbox (SAND) $ 0.849134
eos
EOS (EOS) $ 1.15
axie-infinity
Axie Infinity (AXS) $ 12.52
elrond-erd-2
Elrond (EGLD) $ 47.61
theta-token
Theta Network (THETA) $ 1.09
aave
Aave (AAVE) $ 76.73
lido-dao
Lido DAO (LDO) $ 1.63
bitcoin-sv
Bitcoin SV (BSV) $ 49.93
compound-usd-coin
cUSDC (CUSDC) $ 0.022726
paxos-standard
Pax Dollar (USDP) $ 1.00
kucoin-shares
KuCoin (KCS) $ 9.22
true-usd
TrueUSD (TUSD) $ 0.999816
iota
IOTA (MIOTA) $ 0.295539
ecash
eCash (XEC) $ 0.000041
usdd
USDD (USDD) $ 1.00
bittorrent
BitTorrent (BTT) $ 0.000001
the-graph
The Graph (GRT) $ 0.099011
cdai
cDAI (CDAI) $ 0.022123
zcash
Zcash (ZEC) $ 55.47
pancakeswap-token
PancakeSwap (CAKE) $ 4.89
huobi-token
Huobi (HT) $ 4.42
helium
Helium (HNT) $ 5.24
maker
Maker (MKR) $ 736.62
gatechain-token
Gate (GT) $ 4.26
tokenize-xchange
Tokenize Xchange (TKX) $ 7.76
celsius-degree-token
Celsius Network (CEL) $ 1.46
neo
NEO (NEO) $ 8.63
radix
Radix (XRD) $ 0.060747
klay-token
Klaytn (KLAY) $ 0.196863
havven
Synthetix Network (SNX) $ 2.44
fantom
Fantom (FTM) $ 0.227453
compound-ether
cETH (CETH) $ 26.91
evmos
Evmos (EVMOS) $ 1.77
nexo
NEXO (NEXO) $ 0.921067
bitdao
BitDAO (BIT) $ 0.477556
osmosis
Osmosis (OSMO) $ 1.12
pax-gold
PAX Gold (PAXG) $ 1,648.47
thorchain
THORChain (RUNE) $ 1.57
rocket-pool
Rocket Pool (RPL) $ 25.01
zilliqa
Zilliqa (ZIL) $ 0.031456
arweave
Arweave (AR) $ 9.28
enjincoin
Enjin Coin (ENJ) $ 0.462299
basic-attention-token
Basic Attention (BAT) $ 0.302519
dash
Dash (DASH) $ 41.49
kava
Kava (KAVA) $ 1.57
blockstack
Stacks (STX) $ 0.326735
defichain
DeFiChain (DFI) $ 0.728526
compound-governance-token
Compound (COMP) $ 61.75
ravencoin
Ravencoin (RVN) $ 0.035850
tether-gold
Tether Gold (XAUT) $ 1,680.64
mina-protocol
Mina Protocol (MINA) $ 0.596689
ethereum-name-service
Ethereum Name Service (ENS) $ 15.63
terra-luna-2
Terra (LUNA) $ 2.47
xdce-crowd-sale
XDC Network (XDC) $ 0.029364
stepn
STEPN (GMT) $ 0.664217
Shares