Helium Migrates to Solana Blockchain: A New Era for Decentralized Wireless Networks Begins

After over a year of planning and development, Helium has successfully migrated to Solana, ushering in a new phase of reliability and scalability for decentralized wireless networks. This upgrade establishes a new era of scalability, expansion, and reliability for the world's largest decentralized wireless network.

Timeline of Helium, Solana

Web3.0 protocol Helium Network (HNT) has announced its successful migration to the Solana (SOL) blockchain. The announcement was shared via the protocol's official Twitter account and highlights the strong desire to switch to a relatively more scalable outfit to help achieve its overall end goal.

What is a highly anticipated event in the blockchain industry is the migration of the Helium network to Solana's ecosystem. While this migration has brought up many questions from crypto enthusiasts about why and how this event will take place, it comes at the right time as the markets start recovering.

Helium network has successfully migrated to Solana, completing development over the last 12 months. Helium's core developers made the announcement saying they completed the upgrade from the Helium blockchain to Solana.

Helium, an Internet of Things (IoT) project, is currently in the process of from its blockchain roots to Solana — a blockchain network known for its speed and scalability. According to an official announcement made on April 18th, the purpose of this major migration is to enhance the stability and scalability of the Helium network.

According to a blog post by the Helium Foundation, the Helium blockchain will stop operating during the migration period and all existing Helium assets and governance will be moved to Solana.

Solana Foundation finally competes investigation on root cause behind the mainnet beta outage occurred on February 25. Core developers confirmed congestion within the primary block-propagation protocol “Turbine” as the reason behind long block finalization times and other technical problems.

Grayscale has announced the public trading of its Solana Trust under the ticker symbol GSOL (OTC: GSOL), making it the latest addition to the 15 other cryptocurrency investment products the company offers on OTC Markets. With 304,427 outstanding shares as of Friday, investors with access to U.S. securities can "buy and sell freely-tradable GSOL shares through their investment accounts," said Grayscale.

Grayscale's Solana Trust has begun trading publicly under ticker symbol GSOL, joining the 15 other crypto investment products the asset management giant has to offer on OTC Markets.

Solana News: Grayscale Investments, the world's largest digital currency asset manager on Monday announced that its Solana Trust began trading on Over-the-Counter (OTC). It is being labeled under the symbol of GSOL.

Grayscale Investments has made an announcement that its Solana Trust (GSOL) is now trading on OTC Markets, making it the company's 16th digital currency investment product available on the exchange.