Helium’s ‘Migration to Solana’ Passes with 81% Majority

The Crypto Times

The Helium Network has concluded group voting for HIP 70, its proposal to transfer the decentralized Wi-Fi community from its blockchain to Solana.

The voting concluded yesterday at round 11:00 am. Around 81% of the voters favored the transfer to Solana. Participants staked their helium token (HNT) to take part within the on-chain vote.

According to the outcomes, 6,177 group members voted in favor of the proposal and staked round 12 million HNT tokens. On the opposite hand, 1,270 voted in opposition to the proposal.

Since solely a two-third majority was required for the vote to go, it looks like Helium will likely be shifting to Solana. Once the migration is full, a brand new model of the Helium Wallet App will likely be made accessible.

According to the proposal which was proposed final month, Helium would transfer all of its tokens, HNT, IOT, MOBILE, and DC (Data Credits), their governance and economics to Solana. 

Helium’s core builders suppose that this transfer would enhance Helium’s velocity, stability and talent to serve extra customers.

Compiled by Coinbold

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