helium vote

The Helium network is set to deploy on the Solana blockchain as 81% of its community voted in favor of HIP 70, an improvement proposal for operational efficiency and better user experience.

See related article: Helium announces new token to scale 5G in multi-network expansion

Rapid facts

  • The proposal will move Helium’s proof-of-coverage algorithm and data transfer accounting to oracles to remove reliance on internal blockchain operations and expand its ecosystem on Solana.
  • Oracles serve a key role in compiling off-chain data and relaying it to blockchain smart contracts.
  • The move is expected to enhance mining rewards, improve network performance and give access to Solana-based decentralized apps (dApps) and utilities using Helium tokens.
  • On Tuesday, Helium creator Nova Labs announced Helium Mobile in a partnership with T-Mobile to provide low-cost mobile subscription plans enabling users to earn Solana-based MOBILE tokens.
  • MOBILE tokens can be converted into HNT tokens to access Helium’s decentralized wireless mobile network which includes nearly 1 million hotspots and 4,500 5G networks.

 See related article: What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise?

Author profile

Daniel Kang is a writer for Forkast.

Follow for Solana Development: Beeders

Worldwide Blockchain Development Company focused on: NFT, DeFi, Web3, GameFi, Metaverse, Play to Earn, Tokenization and all about crypto software.

Products and services:

– Blockchain development
– White label nft marketplace
– White label crypto exchange
– White label metaverse
– White label web3
– White label tokenization
– White label defi
– White label gamefi
– White label play to earn
– NFT development
– DeFi development
– Web3 development
– GameFi development
– Metaverse development
– Play to Earn development
– Tokenization development

Official Website Beeders


By admin

Leave a Reply

Your email address will not be published.

18 − 1 =