The Helium network has successfully migrated to Solana and completed development in the last 12 months. Helium’s core developers made the announcement and said they had completed the upgrade of the Helium blockchain to Solana. This upgrade heralds a new era of scalability, expansion and reliability for the world’s largest decentralized wireless network, they said. The Solana developers said the Helium upgrade is a great example of how decentralized physical infrastructure projects can bring real benefit to users.
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Helium migration completed
The Helium developers chose Solana to gain significantly more usability, including faster transaction speeds and new smart contract capabilities for the network, they said in a statement. Migration to Solana means that core developers no longer need to maintain a layer 1 blockchain. The Helium Foundation and other sponsoring organizations can now devote more resources to our shared goals of accelerating the growth of decentralized wireless networks, the developers said. Helium could also win new applications within its new ecosystem.
Meanwhile, the Helium (HNT) token price rose about 18% over the past 7 days leading up to the migration event. This is a significant increase for the cryptocurrency considering that Bitcoin’s price fell 2.5% over the same period.
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Anvesh reports major developments around crypto adoption and trading opportunities. He has been associated with the industry since 2016 and is now a strong advocate for decentralized technologies. Anvesh is currently based in India. Contact him at [email protected]
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