Now that the upgrade is finished, it is anticipated that the network’s scalability and dependability will increase. This will be made feasible by the Solana blockchain‘s quicker transaction times and additional smart contract features, according to Abhay Kumar, CEO of the Helium Foundation.
Along with these advantages, the migration has relieved the core developers of the responsibility of maintaining a layer-1 blockchain. As a result, the Helium Foundation and other contributing organizations will be able to focus more of their funding on achieving their common objectives of advancing the development of decentralized wireless networks and bringing about innovative applications that boost productivity and reduce the digital divide.
One of Helium‘s distinguishing characteristics is its emphasis on developing an internet of things (IoT) network powered by actual hotspots. This offers a platform for users to earn HNT tokens for assessing coverage and offering wireless hotspots, enabling IoT devices connected to the network to communicate and share data easily.
HNT is currently trading at $1.78, down 2.74% from the previous day but up more than 11% from the previous week. SOL, the blockchain that now hosts Helium, is currently trading at $21.96, down 5% over the last day and more than 11.5% over the last week. It will be fascinating to watch how future HNT performance will be impacted by the migration to Solana.