By migrating to the Solana blockchain and deploying Oracles, the Helium Network will receive the most significant upgrade in terms of scalability and reliability.
The Helium Foundation has officially proposed March 27, 2023, as the date for the migration to the Solana blockchain, following extensive planning and technical development. In order to ensure a seamless transition, a group of community volunteers known as the Upgrade Readiness Working Group will oversee the migration process and make the final decision on the migration date. This upgrade will affect all Helium Network state, Hotspots, and wallets, and will take place during a 24-hour period beginning around 1500 UTC / 10:00 AM ET. A comprehensive breakdown of what to expect is provided below.
The migration’s successful completion will usher in a new era for the Helium Network, enabling it to achieve greater scalability and truly become a network of networks. With almost 1 million hotspots onboarded, the Helium community is increasingly focused on commercial demand for the network.
Currently, the Helium community must divide its attention between maintaining a purpose-built blockchain, the Helium Layer 1 solution, and expanding decentralized wireless networks. By being able to support thousands of transactions per second and having a massive ecosystem of developers, applications, and integrations, Solana has the speed and scalability needed to handle the blockchain responsibility while Helium core developers and the community concentrate on creating wireless protocols and enabling utility on these networks.
Once the migration is completed, HNT will have native compatibility with other platforms in the Solana ecosystem, offering utility to holders of HNT, MOBILE, and IOT tokens.