Communications protocol Helium Community has set March 27 because the date for its migration to the Solana blockchain and deployment of oracles because it seeks to enhance scalability and reliability.
According to a Feb. 17 weblog publish, the transition will happen over 24 hours on March 27, throughout which era the present Helium blockchain will likely be halted. Proof-of-Protection and knowledge switch actions will stay unaffected. A working group of group volunteers is being shaped to supervise the migration course of. Helium’s group acknowledged:
« This improve will embody all wallets, Hotspots, and Helium Community state, and can happen over a 24-hour transition interval commencing at roughly 1500 UTC / 10:00 AM ET. »
The Helium Community is formally migrating to @solana on March twenty seventh! Are you prepared?
Be sure that you’ve got migrated to the Helium Pockets app for a easy transition. Preserve Hotspots lively and on-line to obtain IOT tokens.
Extra on this thread https://t.co/rzk2xcBEJ0
— Helium (@helium) February 17, 2023
After the chain halt, validators will cease producing blocks and transactions gained’t sync. A ultimate snapshot of the blockchain will likely be taken after the migration of all accounts and tokens to the Solana blockchain, and hotspots will likely be minted as nonfungible tokens (NFTs), the group mentioned.
“Be aware that any rewards generated by Proof-of-Protection exercise within the prior 24 hours will likely be obtainable to say in your Helium Pockets after the transition interval. Oracles will replace claimable balances, and Hotspot House owners will be capable of use the brand new declare perform.”
Holders of HNT and MOBILE tokens won’t have to take any motion to take part within the improve. The identical applies for almost all of hotspot homeowners, though giant fleet homeowners might be able to take a look at particular declare performance or develop customized pockets options.
The transfer to Solana was enabled by the group passing HIP-70 on Sept. 22, with over 80% voting in favour. On the time, builders highlighted the migration advantages would come with extra of its native token obtainable to subDAO reward swimming pools, improved mining, in addition to extra dependable knowledge switch and ecosystem help.
Additionally final September, Helium creator Nova Labs introduced an settlement with American telecommunications supplier T-Cellular to launch a crypto-powered cell service enabling subscribers to earn crypto rewards for sharing knowledge about protection high quality and serving to establish Helium dead-spot areas nationwide.