Good morning.
This morning's post is a bit unexpected for me and currently i know i have not had time to digest all this information and form a rational thought about it.
HELIUM IS MOVING TO THE SOLANA BLOCKCHAIN ![]()
Firstly why are they doing this?
Helium suggests it is because their network has grown so quickly thay have had numerous scaling issues, they have struggled with Proof Of Coverage, data packet transfers as well as the purchasing of data credits. There have been a few blockchain halts and issues arising from this.
Why Solana?
Helium have said they chose Solana due to ability to manage a high throughput of transactions, fast and cheap transaction fees, the Solana stack 'The Solana Mobile Stack (SMS) provides a new set of libraries for wallets and apps, allowing developers to create rich mobile experiences on Solana' as well as the Solana saga phone.
'Integration of HNT, MOBILE and IOT tokens onto Solana will give a governance and access to apps and utilities we don't currently have'.
The vote HIP 70
I would say this is not a dead cert just yet as it is a HIP (Helium improvement proposal) that has to be voted on before it gets passed but as it has been in the past 'what Helium wants gets passed, due to the fact that each vote depends on how much HNT you hold in your wallet. (100 people with 100 HNT voting one way makes little impact when one validator votes the other was with 10,000 HNT) https://www.publish0x.com/@Patch called this a dictatorship DAO.
The changes
There will be a new approach to POC and data transfers with these being processed by accounting oracles which should reduce the complexity required for operating the blockchain. Miners will no longer be limited to the current 14 receipts per beacon due to the scaling isses we currently have.

Validators
This move will remove the need for staked validators, so they could be negatively impacted but they will have a 2 week period to either unstake or migrate towards governance. If validators choose governance their HNT tokens will become veHNT. At the moment 38% of all HNT is staked by validators.
The miners
For the people with hotspots Helium suggest we should be able to beacon and witness more and not be slowed down by the speed of the current blockchain. The miners would also receive an extra 6.85% of the rewards (estimated at 2 million HNT) which is currently for the validators.
As of yet i am unsure if this is a good or a bad move, i mean Solana has been the subject of some negative news recently with the hack. (I now have to read up more on Solana!) Helium has also had it's fairshare of negative news regarding who it is partnered with (or not as the case may be) as well as the recent 'ponziness' of the Helium network.
I will have to read the HIP at least another 4 times as there is a lot to take in, i then have to try and digest the information without the initial emotions of fear, panic or joy. Honestly i have no idea which it is at the moment!
As always thank you for reading and please feel free to comment.
Screenshot of oracle diagram from HIP 70.