The decentralized wi-fi community Helium (HNT) is formally migrating to the Solana (SOL) blockchain after a group vote upheld the choice.
The Helium Basis introduced on Thursday that its group authorized the transfer by a majority 81.41% vote on Helium Enchancment Proposal (HIP) 70.
Says Scott Sigel, the chief working officer of the Helium Basis,
“We’ve got an formidable mission of deploying and managing wi-fi networks at scale and transferring to Solana permits us to try this. Solana has a confirmed observe document powering among the world’s most necessary decentralized initiatives they usually have been an apparent selection for us to accomplice with. Transferring to the Solana blockchain permits us to focus our efforts on scaling the community versus managing the blockchain itself.”
The Helium Basis first introduced its intention emigrate the ecosystem to Solana in late August, when HNT was buying and selling at round $6.00. Within the week following, the token plunged to a low of $3.33.
HNT has since partially recovered and is buying and selling at $4.67 at time of writing. The 71st-ranked crypto asset by market cap is up practically 5% prior to now 24 hours.
Solana’s native asset SOL is buying and selling at $32.56 at time of writing. The Ninth-ranked crypto asset by market cap is up greater than 5.6% prior to now day.
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