Developers of decentralized network Helium said they are considering moving to one of the leading smart contract platforms Solana, which is widely used for dApps, DeFi and NFT.
According to the developers on Github, one of the main advantages of this solution is the speed and stability of Solana, which will allow Helium to serve more users. In addition, Solana has a long established community, scale, and composable infrastructure that is key to Helium and its users.
The proposal states that Helium will move its tokens such as IOT, DC, MOBILE and HNT from its blockchain to Solana. Helium will also rely on oracles or third-party data sources that are not connected to the blockchain to manage the network infrastructure and the function of accounting for data transfer during the transition.
“Thus, the Helium community will have a thriving ecosystem of thousands of developers around the world. They are working on applications that can only be implemented on Solana due to its fast and cheap transactions,” the message says.
According to the developers, when they first launched their network, there were only a few first-tier platforms and the industry was younger, so it made much more sense to create your own blockchain, instead of joining young networks. But now, when many cryptocurrency ecosystems have become older and better, it would be wiser to use their developments to improve your own network.
The Helium decentralized network offers its users tokens as a reward for sharing their Internet traffic with the rest of the network community. The network uses a Proof-of-Coverage (PoC) algorithm to check the location of access points and the actual coverage. At the beginning of the year, Helium raised $200 million to expand the team and create new products.
Source: Bits
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