Helium Has Confirmed Its Plan Related To The Migration To Solana On March 27

Key Points:

• Helium has scheduled the move for March 27, and Helium anticipates that the integration procedure will take 24 hours.
• All of Helium’s data, including all of its accounts, wallets, tokens, hot pots, etc., will be integrated into Solana.

Helium has passed the significant idea of “migrating” to the Solana blockchain, with an exact date of March 27, 2023, after garnering sufficient community support.

A blog post outlining Helium’s (HNT) intentions to switch to the Solana network. The Upgrade Readiness Working (URWG) Group, a development team made up of community volunteers, was founded as part of the project and is in charge of supervising the upgrade procedure. On March 27, Helium also established a migration milestone; the integration procedure is anticipated to take 24 hours.

In September 2022, the community has meet its confirmation to “relocate” from its personal blockchain to Solana. The HNT Foundation declared at the time that layer-1 upkeep and network expansion were its key priorities. Speed, scalability, wallet compatibility, and an optimal ecosystem for the development will all be provided through the integration with Solana.

This significant action is a significant improvement for Helium. As a result, Helium will include a substantial chunk of its data—including all of its accounts, wallets, tokens, hot pots, etc.—into Solana.

Even though Helium is in need of additional volunteers, the network suggests that there are currently a number of volunteer organizations that are helping to the migration process through the URWG. From now until the 27th of March, the development team’s primary focus will be on improving the program by applying the latest patches and identifying any flaws in the smart contract.

As a result of the fallout from the FTX crisis, the Solana ecosystem experienced a substantial decline, which ultimately resulted in the SOL token reaching a low point of $8. At the time that this article was written, the price of HNT had increased by 6% since it had been published the day before.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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