The Helium network, a blockchain-powered wireless system, may soon undergo significant revisions as its key developers consider switching to Solana.
The proposal by Helium’s core developers to switch from their own blockchain network to Solana’s was codenamed “HIP 70.”
Since developers revealed a plan to migrate the network to Solana, the value of HNT has plummeted.
The HIP 70 proposal to move to the Solana blockchain aims to improve data transit, network coverage, and dependability. Some of the network issues have been described in a recent post on Medium.
Helium Switch To Solana Aims To Solve Technical Issues
The post suggests that less Proof of Coverage activity occurred due to the network’s massive scale. They believed the blockchain’s inefficiencies were to blame for the lower than usual volume of transactions.
In particular, there are problems with data packet transfers and the overall network load between the blockchain and the validator.
The projected network-wide move was intended to resolve or significantly reduce the i ..
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 Deflates 15% After Proposed Transition To Solana){kind=link}