Helium, a blockchain-based network that powers wireless communication protocols powered by thousands of individual users, will migrate its own purpose-built Layer 1 blockchain to the Solana blockchain. The network, which initially focused on powering Internet of Things (IoT) devices like sensors and trackers, currently has more than 950,000 nodes, or hotspots, with operators being incentivized with crypto tokens.[Read more…]
Category Archives: Solana News
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Sep
Sep
Helium Migrates Its Wireless Network to Solana The proposal regarding the HIP 70 move to the Solana Blockchain concluded Thursday morning as 81% of the community voted in favor of the action. The voting process requires participants to stake their Helium Token (HNT) to participate in the on-chain voting. However, the final decision is made after the[Read more…]
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An overwhelming majority of Helium’s (HNT) community has voted to migrate the wireless network to layer1 blockchain Solana (SOL). According to available information, the HIP 70 proposal received 6,177 votes (81.41%) in support of its plan, while 1,270 were against it. The vote ended in the early hours of Sept. 22, and roughly 15 million HNT tokens were staked[Read more…]
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Sep
Solana is among the numerous blockchains that have a deep focus on carbon neutrality. An important consideration especially now that climate change is becoming a more pressing issue. Unfortunately, a recent energy use report revealed that its carbon footprint has increased. It went up by 26% YoY from March 2021 to March 2022. The outcome was contrary[Read more…]
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Sep
According to reports, the Ethereum killer, Solana, has crossed over 100 billion transactions. By press time, data from Solana Explorer revealed that the network has 100,027,437,213 transactions with a TPS of about 3,047. Solana Crosses 100 Billion Transactions Solana Explorer data shows that the number of transactions on the Solana network has surpassed 100 billion on[Read more…]
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Sep
On Thursday, a proposal to migrate Helium’s custom-built layer 1 blockchain operation to Solana’s network passed a community vote. The proposal dubbed Helium Improvement Proposal (HIP 70) drew support from a majority of the community, with over 6,177 out of 7,447 votes in favor of the move. 81.41% of votes want the Solana migration to happen. At[Read more…]
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The decentralized finance (DeFi) Solana (SOL) network continues to record progress as the blockchain attempts to compete with established platforms like Ethereum (ETH), a factor that has translated into increasing transaction activity. Indeed, as of September 22, Solana recorded a milestone as the number of Solana-based transactions has now hit 1 billion since its launch in 2020. The number[Read more…]
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Sep
Centralized social networks are accustomed to requesting your personal data and monitoring your activity on the network. This is due to the fact that such sites are under the influence of the authorities and the government. All information on the platforms is filtered and processed. For example, with your personal data, they may show you[Read more…]
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Sep
In case you missed it, we dropped a reel for Longwood Labs yesterday on Twitter. While the trailer is equal parts eloquent and alluring, we didn’t give any explanation as to what Longwood Labs is. This is that explanation. Yesterday’s lack of context has set us up perfectly (minus a few understandably wrinkled feathers in the community)[Read more…]
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🐣Get the best APY opportunities to grow your SOL or USDC on Hawksight. We are building Solana’s Largest Yield Aggregator to automate yield strategies in 1-click, for: DEX trading yields, borrow-lending, and structured derivatives. ✅ Product updates Latest yield APY updates at https://hawksight.co/: 13.6% for SOL and 9.1% for USDC Launched new SOL vault based on automated yield[Read more…]
