Helium devs propose ditching its own blockchain for Solana

Helium devs propose ditching its own blockchain for Solana

The transition to Solana would improve network scalability, which in turn would bring “significant economies of scale” to the network, according to Helium core devs.

Internet of Things (IoT) blockchain network Helium could transition to the Solana blockchain following a new HIP 70 governance proposal launched on Tuesday. 

The Helium core developers said the need to “improve operational efficiency and scalability” was required in order to bring “significant economies of scale” to the network.

The Helium network operates by users installing a Helium Hotspot to provide decentralized wireless 5G network coverage for internet users in their area. Helium uses a unique consensus mechanism, proof-of-coverage, to verify network connectivity and distribute HNT tokens to Helium Hotspot providers when coverage is verified.

The proposal comes as Helium developers have emphasized the need to fix a number of technical issues in order to improve the network’s capabilities:

Since its creation in 2013, the Helium network has operated on its own blockchain. The Hotspot podcast host Arman Dezfuli-Arjomandi stated in several Twitter posts that “Ethereum was too slow” and “other alternatives [at the time] weren’t all that appealing:”

The HIP 70 vote is scheduled for Sept. 12, which will be made available for HNT tokenholders on heliumvote.com. Voting will end on Sept. 18.

The news does not appear to have positively impacted the price of HNT which is currently priced at $5.23, down 15.5% over the last 48 hours.

Rate article
( No ratings yet )
×