Decentralized wireless project Helium begins to move to the Solana blockchain
Helium network to transition to Solana blockchain
San Francisco-based decentralized wireless network provider, Helium, has announced that it will begin transitioning its network to the Solana blockchain. The move is expected to enhance the efficiency of the Helium network and provide better scalability.
Background: What is the Helium network?
The Helium network is a wireless network that enables devices to connect to the internet without the need for cellular data or Wi-Fi. The network operates using a decentralized infrastructure, where users can set up their own wireless hotspots and earn Helium tokens (HNT) for providing wireless coverage.
Why the move to Solana?
Helium has cited several reasons for the transition to Solana. The main reason is the high transaction fees on the Ethereum blockchain, which currently supports the Helium network. Solana, on the other hand, has much lower transaction fees and faster transaction processing times.
Benefits of the move
The move to Solana is expected to bring several benefits to the Helium network. One of the main benefits is improved scalability. The Solana blockchain can process up to 65,000 transactions per second, which is significantly higher than Ethereum's current processing capacity.
In addition to improved scalability, the move to Solana is also expected to result in lower transaction fees for users. This will make the Helium network more accessible to a wider range of users.
What's next?
The Helium network has already begun the transition process to Solana, and it is expected to be completed by the end of 2023. During the transition period, Helium users will still be able to use the network on the Ethereum blockchain.
The transition of the Helium network from Ethereum to the Solana blockchain is a significant move in the decentralized wireless network industry. It is expected to enhance the network's scalability, security, and speed, which will ultimately lead to a better user experience. As the transition process is expected to be completed by the end of 2023, Helium users will continue to use the network on Ethereum during the transition period. The move is seen as a positive step toward the growth of the decentralized wireless network industry, and it will be interesting to see the impact it has on the industry in the coming years.
