SOL
by BSCN
April 18, 2023
Helium blockchain is set to stop at 16:00 UTC Tuesday with ecosystem activity to restart on Solana on Wednesday.
The Helium Network is set to begin the massive migration of the Layer-1 blockchain to Solana today. The transition is expected to take about a day, with Helium tokens becoming accessible Wednesday, April 19.
In the runup to the migration, which has been in the works for months, Helium shared information with users about what will happen during and after the migration.
The Helium blockchain is scheduled to stop at 16:00 UTC, with activity in the Internet of Things (IoT) ecosystem restarting on Solana the next day.
According to CoinMarketCap, Helium (HNT) is a decentralized blockchain-powered network for the Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT. Helium aims to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
Solana is a public, open-source blockchain that allows for smart contracts, non-fungible tokens (NFTs), and various decentralized applications (dApps). The SOL token, which is native to Solana's blockchain, provides network security through staking as well as a means of transferring value.
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