A migration proposal to the Solana blockchain is being presented by the core developers of the crypto-powered wireless network Helium. The HIP 70 proposal, is intended to improve the operational efficiency of the Helium blockchain significantly.
“To achieve this goal, the core developer team proposes moving Proof-of-Coverage (“PoC”) and Data Transfer Accounting to Oracles, which simplifies the system architecture and allows for the selection of a more scalable Layer 1 (“L1”) — specifically, Solana”, the blog read.
Helium is a decentralized blockchain project aimed at facilitating anyone to own and operate a wireless network for low-power Internet of Things (IoT) devices fueled by blockchain.
Further, the blog explained how the proposed change to the Solana network would affect the entire ecosystem, from users to builders to manufacturers.
Arman Dezfuli-Arjomandi, a computer programmer in Philadelphia who hosts a podcast about Helium tweeted that it will allow the network to fix the scaling woes that impact user experience the most: Inconsistent PoC and data transfer.
“Validators will have 2 weeks to unstake once the chain transition happens (likely months away). If they don’t, their HNT will become veHNT w/ 6mo lockup,” he said in the thread.
“Moving to Solana Would Bring Significant Economies Of Scale”
Adding that such a move would bring significant economies of scale through the vast range of composable Solana developer tools, features, and applications.
Recently Nova labs, the development firm behind Helium, has expressed interest in the crucial, parallel realm of cellular networks.
And as part of Helium’s expansion into mobile communications, Nova said it acquired FreedomFi, a software entity for crowdsourced 5G networks.
Nova CEO Amir Haleem stated, “We had a desire to have more expertise in-house from FreedomFi and to be closer to accelerating what we are doing in 5G cellular.”
FreedomFi team members are set to join Nova Labs as part of the acquisition. It secured $9.5 million from semiconductor firm Qualcomm and electronics corporation Samsung in March, next year.
Apart from that, Helium is also planning to announce its upcoming project’s “HeliumHouse” event on Sept. 20 in New York, raising investors’ interest.
At this event, it’s expected that the crypto-driven wireless network would provide community demos and other updates about the project’s roadmap and growth prospects.