Helium is migrating its blockchain to Solana to expand its ecosystem

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Helium (HNT), a decentralized wireless network, has officially migrated to the Solana (SOL) blockchain. The Helium Foundation announced this on Thursday. Helium’s own purpose-built Layer 1 blockchain will be linked to the Solana blockchain with this proposal. The proposal confirms the migration of Helium’s Proof-of-Coverage algorithm and data transfer accounting to Oracle’s. The goal is to reduce reliance on internal blockchain operations and expand the ecosystem on Solana. It will also connect the world’s largest decentralized wireless network with the fastest growing crypto ecosystem. According to the proposal, “The proposed changes to HIP 70 do not change the fundamentals of the Helium Network or HNT, but provide several benefits to the Helium Network, including more HNT available for subDAO reward pools, more consistent mining, more reliable data transmission, more benefit to HNT – and subDAO tokens, and more ecosystem support.” The announcement comes after over 6,000 community members voted in favor of the Helium Improvement Proposal (HIP). The proposal was previously published on 30 August. The HIP 70 proposal was voted on early Thursday morning. 81.41 percent voted for migration in the early Asian hours. To participate in the voting on the chain, the participants inserted the helium token (HNT). A two-thirds majority was required for a vote to migrate the network to pass. By betting over 12 million HNTs, the majority of community members voted in favor of the move. Only 1,270 members, or around 18 percent, voted against the proposal. The Helium Foundation announced the poll results on its official Twitter handle,”🚨It’s official! The HIP 70 poll has ended. #Helium will move to the @Solana blockchain!👏🏼”The move to Solana furthers the Helium ecosystem’s mission to deliver secure, ubiquitous and affordable connectivity through an innovative incentive model. It also integrates seamlessly with Solana’s existing ecosystem of consumer-focused applications such as Metaplex, Serum, Phantom, Raydium, Orca, Audius and others. Helium tokens and governance will be moved to the Solana blockchain. The move will result in more of its original token HNT being available for subDAO reward pools, more consistent mining, more reliable data transfer, more utility for HNT and subDAO tokens, and increased ecosystem support. Scott Sigel, the boss talks about the move. chief operating officer of the Helium Foundation, said in a public statement: “We have an ambitious mission to deploy and manage wireless networks at scale, and moving to Solana allows us to do that. Solana has a proven track record of operating some of the world’s most important decentralized initiatives, and they were an obvious choice for us to partner with. By moving to the Solana blockchain, we can focus our efforts on scaling the network as opposed to managing the blockchain itself.” The Helium Foundation has stated that the transition will begin in the fourth quarter of this year. During the migration, Helium will also give validators a stake bonus. Validators will earn three times as much HNT during the first seven days of the transition. Investors are also said to benefit from the migration , including the addition of two million HNT tokens to reward pools every year.There will be more rewards for Helium hotspot owners, consistent improvements to mining and data transfer security.Shashank is the founder of yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash