Helium plans to migrate to Solana

A new proposal on the Helium GitHub page, suggests the project should move to the Solana network. Currently, Helium – a wireless Internet of Things (IoT) network, exists on its own custom blockchain. According to the proposal, developers believe that migrating the project to Solana will improve the project’s speed, stability, and overall ability to serve more users.

Besides moving the network’s governance, economics, and tokens – HNT, IOT, MOBILE, and DC, to Solana, the proposal suggests that once the migration is completed the platform will rely on oracles from third-party providers to manage the project’s Proof-of-Coverage (PoC) infrastructure, and data transfer accounting.

Helium claims, in a blog post detailing the proposal, that it comes after months of consideration and community discussions, and is a result of the idea of moving the network’s PoC and data transfer accounting to oracles. Apparently, once these tasks don’t need to be done on-chain, the blockchain requirements of the Helium Network would become much simpler, making Solana a more suitable environment for it. Furthermore, after moving to Solana, 6.85% of the HNT token’s emissions will be returned to the project’s miner pool.