Helium (HNT) Is Officially Migrating to Solana (SOL) Blockchain After Community Vote cryptomarketbag Blockchain update


Decentralized wireless network Helium (HNT) is officially migrating to the Solana (SOL) blockchain after a community vote upheld the decision.

helium foundation announced On Thursday that his community approved the move with a majority of 70 votes on the Helium Reform Proposal (HIP) 81.41%.

Scott Siegel, Chief Operating Officer of the Helium Foundation, says,

“We have an ambitious mission to deploy and manage wireless networks at scale and moving to Solana allows us to do just that. Solana has a proven track power powering some of the world’s most important decentralized initiatives The record is there and they were a clear choice for us to partner with. Moving to the Solana blockchain allows us to focus our efforts on growing the network rather than just managing the blockchain.”

The Helium Foundation first announced its intention to move the ecosystem to Solana in late August, when HNT was trading at around $6.00. In the following week, the coin dropped to a low of $3.33.

HNT has since recovered partially and is trading at $4.67 at the time of writing. The 71st ranked crypto asset by market cap is up almost 5% in the last 24 hours.

Solana’s core assets are trading at SOL$32.56 at the time of writing. The 9th ranked crypto asset by market cap has gained over 5.6% in the past day.

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Featured image: Shutterstock/Pattern Trends/WindAwake



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