Helium announces move from proprietary blockchain to Solana chain

09/01 17:55

Crypto-driven wireless network Helium has announced a proposal to move from its proprietary blockchain to smart contract platform Solana. Helium is built around devices called Hotspots, which people can purchase for their homes to provide wireless coverage for IoT-style devices such as pet tracking collars and flood meters. Hotspots cost around $500, but customers are rewarded for setting up and participating in the network with a crypto token called HNT, which can be traded like most other cryptocurrencies. HNT currently has a market cap of around $670 million, although it reached a high of over $5 billion in November 2021.
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