![]() It will also mean that Helium blockchain validators, which are currently HNT token rewards, will no longer be necessary. The move to Solana will include Helium’s proof-of-coverage algorithm and tokens. The proposal, which was dubbed HIP (Helium Improvement Proposal) 70, passed with 81.41% of the HNT favoring the move to Solana. ![]() However, developers needed the approval of HNT token holders to go ahead with the plan. ![]() However, Helium developers unveiled a proposal earlier in September to transition all of Helium’s tokens over to Solana to boost the Helium network’s scalability. Helium’s HNT token was launched on a native layer 1 blockchain, which also manages data credits and the other tokens in the Helium ecosystem such as MOBILE. Why Helium? HNT holders approve move to the Solana blockchain The second network launched by Helium is Helium 5G, which is meant to provide 5G coverage for mobile phones and other supported devices. The Helium project began with a focus on providing a wireless network for Internet of Things (IoT) devices such as sensors. There’s currently more than 860,000 Helium hotspots worldwide, with 48,400 joining the network in the last 30 days alone. Users who want to access Helium-based wireless networks pay for access with Data Credits, which can be minted by burning the HNT cryptocurrency. The Helium blockchain provides incentives in the form of HNT coins for users to set up wireless hotspots and provide coverage. Helium is a project that’s creating decentralized wireless infrastructure. Let's check out 3 projects that will be worth keeping an eye on in the next few days. Macroeconomic factors are still putting downwards pressure on the crypto asset markets, but that doesn't mean that nothing interesting is happening in the cryptocurrency and blockchain space.
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