Helium Successfully Completes Migration to Solana Network
Helium, one of the original projects of the blockchain industry, has announced that it has successfully completed its transition to the Solana network as of today.
Crypto-based wireless network project Helium has completely separated from its layer-1 network after a long process. In a statement today, officials emphasized that the Helium ecosystem will now be shaped on the Solana blockchain.
Helium aims to make new breakthroughs in order to have different usage areas on Solana, the leading smart contract network. For the transition of the project to the SOL network, 990 thousand NFTs are produced to represent each physical “node” running on Helium.
Owners of WiFi hotspots working as authenticators on the network will soon gain access to their digital artworks. After the transition to Solana, the validators were free to switch positions or remain stationary.
Solana’s NFT Advantage
According to current data from market tracker Flipside Crypto, more than 150,000 NFTs have already been produced as of today. The production of large volumes of digital artwork has once again brought to light the advantages of the Solana network.
According to data from the Solana Foundation, the cost of producing 1 million NFTs on SOL is only around $113. However, in Ethereum, the most popular smart contract network, this figure hovers around $253,000.
The Benefits of Helium’s Migration to Solana Network
The migration of Helium to Solana is a significant development for the blockchain industry. This transition will provide several benefits, such as:
- Increased Scalability: Solana’s blockchain technology offers higher scalability than Helium’s previous layer-1 network. This enables more transactions to be processed in a shorter amount of time, reducing the waiting time for users and improving overall network performance.
- Reduced Transaction Fees: Solana’s blockchain has a lower transaction fee compared to Ethereum, the most popular smart contract network. This means that users will be able to complete transactions with Helium on Solana at a lower cost.
- Improved Security: The Solana blockchain offers a high level of security to its users, making it more resistant to attacks and hacks. This ensures that Helium’s network is safe and secure for its users.
- NFT Production: Helium’s transition to Solana has enabled the production of a large number of NFTs. The low cost of producing NFTs on Solana makes it an attractive option for artists and creators who wish to create digital artwork.
The successful migration of Helium to Solana is a significant milestone for both projects. This transition will provide several benefits to Helium’s users, including increased scalability, reduced transaction fees, and improved security. With the production of NFTs on Solana, Helium will be able to expand its network and offer new opportunities to its users.