Helium CEO Amir Haleem Helium Community approve Move to Solana Blockchain After Latest Vote


Members of the Helium network community have voted to approve move the native HIP 70 protocol to the Solana blockchain network. The proposal to move to Solana got approved after a unanimous decision from members of the Helium Network.


Helium Migrates Its Wireless Network to Solana network


The proposal regarding the move of HIP 70 to the Solana Blockchain network concluded on 22nd September morning as 81% of the Helium community voted in favour of the action. 


The voting method requires participants to stake their Helium Token (HNT) to participate in the on-chain voting. However, the final verdict is made after the community casts a two-thirds majority vote. 


Also Read: Coinbase Exchange Enters The Netherlands With Central Bank Green Light


Moreover, 6,177 Helium community members support the move after acquiring more than 13 million Helium tokens. However, 1,270 Helium community members voted against the migration.


A further announcement from Helium team indicates that the unstacking period for validators is reduced to 3 months from 5 months to give more backing to the migration to Solana.



The core developers of the Helium Network proposed the movement of the Proof-of-Coverage and Data Transfer Accounting alongside one of the platform is systems to the Solana Blockchain network. 


Additionally, migration to the Solana network is to help ensure the protocol scaling. As a result, Helium’s tokens, applications, and governance are now transferred to the Solana blockchain network. 


Also Read: Coinbase Tested Group To Speculate On Crypto


Regarding the choice of Solana, the Chief operating officer of the Helium Foundation, Scott Sigel, noted that Solana record of hosting some of the leading decentralized projects is a great choice. “The Helium blockchain network sees this as the right platform to scale its ecosystem,” adds Sigel.


What to Assume


Helium is migration to the Solana Blockchain implies that the HNT and other applications will be issued on the new blockchain platform. However, HNT will continue to exist Helium is native blockchain network token. 


After the migration, a new Helium Wallet App will be accessible to users, coupled with the Helium L1 protocol history, and will remain public. Customers can access the latest applications upon upgrading their existing wallet app. In addition, HNT holders could use other wallets within the Solana blockchain network.


Despite the latest vote supporting the migration, many were displeased with the outcome. Meanwhile, Helium’s verdict to ditch its blockchain for that of Solana has been disapproved.


Also Read: Binance Exchange CEO CZ Proclamation Roman Office As A Part Of Regional Expansion


Before the move to Solana, Algorand is CTO, John Woods, revealed in a tweet that Algorand would have been the best for Helium network. 


John Woods added that other industry stakeholders had made explorations to see Algorand emerge as Helium network destination, not Solana. Algorand founder, Silvio Micali, also echoed Wood opinion. 


Also Read: Kraken Exchange: Kraken The Largest Platform For Trading Cryptocurrencies


Silvio Micali noted that the blockchain network is ready to support Helium’s quest for a safe and scalable protocol.


Many thought Solana suitability for the Helium network ecosystem before the latest move was faulty, considering the blockchain network trouble. Some think Polkadot or Matic would have been a better suit for Helium network than Solana.


However, others said that Solana is a battle-ready blockchain technology network that has improved significantly following the frequency it has gone through.


Leave a Comment


CryptoHelpExchange disclaims all liability for any mistakes on this website (including omissions or inaccurate material). Even if they are the consequence of mistakes, CryptoHelpExchange disclaims all liability for any trading or investment losses caused by visitors.

Without the express consent of CryptoHelpExchange, no part of the written information on this website may be duplicated. If it is discovered that material is being copied without CryptoHelpExchange's consent, that organization will pursue legal action against those responsible to the fullest extent permitted by the law. The aforementioned rule does not apply to any RSS feeds that CryptoHelpExchange offers or situations where explicit permission from CryptoHelpExchange was given.

Your single and only option if you disagree with any of the terms as stated above is to stop using CryptoHelpExchange.