Helium Network Sets Sights High With Solana Blockchain Upgrade

On Wednesday, the Helium (HNT) Network completed its migration to the Solana (SOL) blockchain.
The Helium Foundation’s CEO, Abhay Kumar, believes that this upgrade will enhance the project’s scalability and reliability.
The migration offers greater utility for the Helium Network, including faster transaction speeds and new smart contract capabilities.
The Helium Foundation and other contributing organizations can now focus more resources on accelerating the growth of decentralized wireless networks and bringing new applications that create economic efficiencies and close the digital divide, as they no longer have to maintain a layer-1 blockchain.
The Helium Network aims to develop a network for the Internet of Things (IoT) powered by physical hotspots.
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The HNT token rewards participants for validating coverage and providing wireless hotspots. At present, HNT is trading at $1.78, down 2.74% in the past 24 hours but up by over 11% in the past seven days.
SOL is currently trading at $21.96, down 5% in the past 24 hours and more than 11.5% in the past week.