March 31, 2023

Crypto Comeback Pro is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. 

Helium is a decentralized blockchain-based protocol that is created for Internet-of-Things or IoT applications. The platform has announced the official date of merging with the Solana blockchain network.

According to the latest announcement by the official handle of Helium, investors can expect that the integration will take place on 27th May this year.

This news was shared by Helium on their official blog recently. In the same blog post, Helium developers informed the users that the deployment on the Solana network and Oracle is one of the most important upgrades that are associated with the decentralized application.

Helium’s Migration to Solana Blockchain will Increase Scalability and Reliability

The blog post reads that the upgrade has been in the planning phase for months. It is worth noting that Helium uses a Hotspot, an array of wireless channels, and mining equipment designed for blockchains to act as nodes.

It means that Helium users can also mine cryptocurrencies and earn rewards in the form of an HNT token that is native to the Helium protocol.

Helium has reportedly provided more than 1 million hotspots thus far. The project has received considerable traction in the form of enterprise adoption.

The project has been working on smoothing out some issues related to scaling that limited its mining and data-sharing capabilities. By associating with the Solana project, Helium is attempting to increase its traction in the cryptocurrency stratosphere.

Helium developers have told the media that working with the Solana network will improve the scalability and transaction processing rate for the project. To make the onboarding possible, Helium is scheduled to go offline for 24 hours on the official date.

Also Read:  Decentraland (MANA): Extended Downside Relies On These Conditions

Once the upgrade has been completed, the custodial wallet and other features offered by Helium will be at the disposal of Solana users. The investors that are currently using the Solana network will be able to mine and trade HNT tokens and join the network as nodes. The news about this transition has sparked a chance for price appreciation for the Solana network.

Deep Into Blockchain is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (namely Branded Content Posts) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.

Leave a Reply

Your email address will not be published. Required fields are marked *