The Helium Network communications protocol has defined March 27 as the date for its migration to the Solana blockchain and the deployment of oracles, seeking to improve scalability and reliability.
According to a blog post on February 17, a 24-hour transition period will take place on March 27, during which the current Helium blockchain will be halted. Test coverage and data transfer activities will not be affected. A community volunteer task force is being formed to oversee the migration process. The Helium team stated:
“This update will cover all wallets, Hotspots, and the status of the Helium Network, and will take place during a 24-hour transition period beginning at approximately 15:00 UTC / 10:00 AM ET.”
ATTENTION!
The Helium Network is officially migrating to @solarium on March 27th! Are you ready?
Make sure that you’ve migrated to the Helium Wallet app for a smooth transition. Keep Hotspots active and online to receive IOT tokensMore in this thread https://t.co/rzk2xcBEJ0
— Helium (@helium) February 17, 2023
After the network pause, the validators will stop producing blocks and the transactions will not be synchronized. A final snapshot of the blockchain will be taken upon migration of all accounts and tokens to the Solana network, and Hotspots will be minted as non-fungible tokens (NFTs), the team noted.
“Please note that any rewards generated from Test of Coverage activity in the previous 24 hours will be available to claim in your Helium Wallet after the transition period. Oracles will update claimable balances and Hotspot owners will be able to use the new feature Of claim”.
HNT and MOBILE token holders will not need to take any action to participate in the upgrade. The same is true for most Hotspot owners, although large fleet owners will be able to test specific claim functionalities or develop custom wallet solutions.
The transition to Solana was made possible by community approval of HIP-70 with over 80% on September 22. At the time, the developers highlighted that the benefits of the migration would include more of their native token available for subDAO reward pools, improved mining, as well as more reliable data transfer and ecosystem support.
Also in September last year, Helium creator Nova Labs announced a deal with US telecommunications provider T-Mobile to launch a cryptocurrency-based mobile service that allows subscribers to earn cryptocurrency for sharing data about the quality of the coverage and help identify Helium dead spots across the country.
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