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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 acknowledged that it’s at present constituting an Upgrade Readiness Working Group. The group would include volunteers locally 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 mentioned it was transferring off its chain final 12 months.
Why Helium is Migrating to Solana
At the time, Helium Foundation claimed that its focus is at present break up between sustaining the Helium Layer 1 Blockchain and dealing on different improvement plans for the community. By transferring to Solana, it might focus solely on growing the community.
According to the muse, Solana affords velocity, scalability, pockets compatibility, and a viable ecosystem to assist its progress.
Migrating to Solana may even signify an improve for Helium. The improve “will encompass all wallets, Hotspots, and Helium Network state.” The migration is anticipated 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 whole chain state, together with accounts, tokens, and hotspots moved to Solana.
While the staff claims to have all identified dangers below management, it acknowledged that there could be a necessity for an extension on the timeline for some causes. Possible causes embody a necessity for a software program replace earlier than the migration or if the sensible contract audit acknowledges a important function that must be fastened.
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 current developments, but it surely has but to listen to again.
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