Helium community members have voted to move the decentralized WiFi network from its blockchain, officially known as HIP 70, to the Solana blockchain.
The HIP 70 proposal concluded voting early Thursday morning, with some 81% voting in favor of migration in early Asian hours. Participants staked Helium token (HNT) to participate in the on-chain vote. In order for a vote to migrate the network to pass, a two-thirds majority was needed.
Some 6,177 community members voted in favor of the move by staking over 12 million HNT. Just 1,270 voted against it.
Developers behind Helium proposed the migration to Solana to help scale the protocol through more efficient transactions as well as interoperability. The move will transfer all tokens, applications and governance to the network.
"Solana has a proven track record powering some of the world’s most important decentralized initiatives and they were an obvious choice for us to partner with," Scott Sigel, COO of the Helium Foundation, said in a...
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