The Helium Network is set to migrate to the Solana blockchain, with a proposed date of March 27. The announcement was made by the Helium Foundation in a blog post, where it detailed plans for the migration and the constitution of an Upgrade Readiness Working Group.
The group will consist of volunteers from the community, who will monitor the migration process and choose the final date for the migration. While March 27 remains tentative, the migration is expected to last 24 hours.
Helium had announced plans to move to the Solana blockchain, citing the need to focus solely on developing the network. According to the foundation, Solana offers speed, scalability, wallet compatibility, and a viable ecosystem to help its progress.
The migration will represent an upgrade for Helium, encompassing all wallets, hotspots, and network state. Several organizations have already volunteered to be part of the working group, and more volunteers are expected.
While the team claims to have all known risks under control, it acknowledged the possibility of an extension on the timeline for some reasons. The Helium token, HNT, is up 12% in the last seven days and 0.65% in the previous 24 hours to trade at $2.83 as of press time.