Last July, the leaders of the Helium blockchain faced charges of fraud. Since then, the platform has undertaken various operations to increase the transparency and credibility of its activities. The migration to the Solana blockchain is part of this desire.
A 24-hour transition, on March 27
The Helium blockchain network announced on Sunday February 19 that it plans to execute its transition plan to the Solana blockchain on March 27. The decision to carry out this procedure follows the adoption by 80% of Helium users of the HIP-0070 standard. It is a protocol that allows, in short, to improve, among other things, the transferability of the platform’s data.
Concretely, the Helium community will have a defined period of 24 hours to carry out the operation. During this period, the functioning of the blockchain of Helium will be unavailable.
The shutdown should not interrupt the smooth running of the proof of coverage and data transfer activities. It is an upgrade that will take into account all wallets, Hotspots and the functioning of the Helium network.
“After the platform is shut down, validators will stop producing blocks and transactions will not fwill not be the object of synchronization. A final blockchain snapshot will be taken after all accounts and tokens are migrated to the Solana blockchain, and hotspots will be minted as non-fungible tokens (NFTs)”the Helium team said in a blog post.
In addition, Proof of Cover activity rewards generated during transition hours may be claimed. The company promises to take steps to this effect.
What concrete advantages for Helium users?
It is interesting to understand that when a platform chooses to move to another, it is for operational purposes. The goal of the network developers is to make it more efficient, safer and much faster.
Once effective, this process should allow users to benefit from enhanced security. They should also enjoy increased scalability, allowing them to take advantage of better features.
Moreover, one can imagine that behind such an operation, there is generally economic ambitions. It would therefore be normal for users to see the cost of transaction fees drop substantially.
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