The Helium (HNT) Network has officially completed its migration to the Solana (SOL) blockchain, marking a significant upgrade for the project's scalability and reliability. According to the CEO of the Helium Foundation, Abhay Kumar,

"Migrating the Helium Network to Solana offers significantly more utility for the network, including faster transaction speeds and new smart contract capabilities. And now that core developers will no longer have to maintain a layer-1 blockchain, the Helium Foundation and other contributing organizations can direct more resources towards our shared goals of accelerating the growth of decentralized wireless networks and bringing new applications that create economic efficiencies and close the digital divide."

Helium focuses on building a network for the Internet of Things (IoT) powered by physical hotspots. The HNT token rewards participants for validating coverage and providing wireless hotspots. HNT is currently trading at $1.78, representing an 11% surge over the past seven days. On the other hand, SOL is trading at $21.96, down 5% over the past 24 hours and more than 11.5% over the past week.

The migration of Helium to Solana is expected to bring faster and more efficient transactions, benefiting both Helium and Solana in the future. With this significant milestone achieved, Helium is set to continue its focus on expanding its network and bringing new applications that enhance economic efficiencies and close the digital divide.

#hnt #helium #crypto2023 #dyor #CDD

Source: dailyhodl

image Source:

If you enjoy our content and want to show your support, please like, share, and follow us for more high-quality updates.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.