On Thursday, the Helium Foundation announced that it will be migrating its mainnet to the Solana blockchain following a community vote. According to the proposal, the mechanisms for confirming coverage and data transfer will be moved to Helium oracles.
It’s official! HIP 70 voting has ended. #Helium will move to blockchain @Solana! pic.twitter.com/V2WIajou7R
— Helium (@helium) September 22, 2022
Meanwhile, Helium tokens and governance will move to the Solana blockchain. According to the developers, the benefits of this move will include more native HNT token available for subDAO reward pools, more consistent mining, more reliable data transfer, greater utility for HNT and subDAO tokens, and greater ecosystem support.
Helium is a blockchain wireless communication protocol. That same week, Nova Labs, the creator of Helium, signed an agreement with US telecommunications provider T-Mobile to launch Helium Mobile, a cryptocurrency-based mobile service that will allow subscribers to earn rewards in cryptocurrency. Helium Mobile subscribers on this cellular plan can sign up to receive token rewards for sharing coverage quality data and helping to identify Helium dead spots across the country. Requires a 5G capable device.
As a decentralized wireless network, Helium provides open source coverage around the world. Since its launch in 2019, over 900,000 hotspots using Helium have been deployed, with 1,000 units being added daily. There are currently over 2,500 active Helium 5G hotspots in 889 US cities since the program began in August 2022.
Solana, the new Helium blockchain, is known as the hub for building decentralized applications. In terms of vote transactions, Solana’s daily transactions have grown from around 100 million to 200 million per day. Since May of this year, the number of blockchain users has exceeded 1 million. The Helium developers recommended this transition because of Solana’s ability to improve operational efficiency and project scalability.