Helium Network migration to Solana now has a proposed date as it’s set to occur on March 27. According to the announcement from its Foundation.
In a blog post detailing its plans for the migration, the muse said that it’s at the moment constituting an Upgrade Readiness Working Group. The group would include volunteers in the neighborhood to be accountable for monitoring the migration course of. It may even select the ultimate date for the migration, as March 27 stays tentative.
This announcement got here months after Helium announced that it could transfer to the Solana blockchain. The blockchain-based decentralized wi-fi community supplier stated it was shifting off its chain final yr.
Why Helium is Migrating to Solana
At the time, Helium Foundation claimed that its focus is at the moment cut up between sustaining the Helium Layer 1 Blockchain and dealing on different improvement plans for the community. By shifting to Solana, it could possibly focus solely on growing the community.
According to the muse, Solana gives pace, scalability, pockets compatibility, and a viable ecosystem to assist its progress.
Migrating to Solana may even symbolize an improve for Helium. The improve “will encompass all wallets, Hotspots, and Helium Network state.” The migration is predicted to final 24 hours.
Already, a number of organizations have volunteered to be a part of the working group. But the community continues to be anticipating extra volunteers. The transition would see Helium’s total chain state, together with accounts, tokens, and hotspots moved to Solana.
While the workforce claims to have all recognized dangers beneath management, it acknowledged that there may be a necessity for an extension on the timeline for some causes. Possible causes embrace a necessity for a software program replace earlier than the migration or if the good contract audit acknowledges a crucial function that must be mounted.
Meanwhile, Helium token HNT is up 12% within the final seven days and 0.65% within the earlier 24 hours to commerce at $2.83 as of press time.
Disclaimer
BeInCrypto has reached out to firm or particular person concerned within the story to get an official assertion in regards to the latest developments, but it surely has but to listen to again.
