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
