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Home»Blockchain»Helium Foundation Proposes March 27th as Transition Date to Solana Blockchain
Blockchain

Helium Foundation Proposes March 27th as Transition Date to Solana Blockchain

2023-02-20No Comments1 Min Read
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Blockchain


The Helium Foundation has proposed March 28, 2023 as the date for migrating data to the Solana network. The Solana network has high throughput and transaction scalability. After a 24-hour transition, Helium-based protocols, including digital wallets, will become available on the Solana network. Helium-based wallet users will be able to continue using their wallets backed by the original seed phrases.

Following the announcement, Solana’s price is up about 11.4% in the past 24 hours to trade at $26.45. In addition, the Helium network is an extensive blockchain with a market capitalization of around $411,518,421 and a 24-hour trading volume of around $7,943,483.

While most Helium token holders do not need to take any action, HNT Whales are encouraged to work closely with developers to test certain features. For example, users of the original Helium Hotspot app are encouraged to upgrade to the new Helium Wallet app. Helium’s current level 1 blockchain will be stopped 24 hours prior to data transfer as it will become a level 2 blockchain.

Image: Cryptofalka


See also  Solana to $50? Here's why it could be possible
27th Blockchain date Foundation Helium March proposes Solana Transition
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bitcoin
Bitcoin (BTC) $ 117,608.51
ethereum
Ethereum (ETH) $ 3,742.53
xrp
XRP (XRP) $ 3.15
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 783.86
solana
Solana (SOL) $ 186.19
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.236432
staked-ether
Lido Staked Ether (STETH) $ 3,738.07
tron
TRON (TRX) $ 0.317672