The 5G Helium network is expected to migrate to the Solana blockchain

Decentralized peer-to-peer 5G network Helium offers migration to Solana in search of more efficient operations.

Ultimately, the Internet as we know it and all digital networks are just a device-to-device means of communication. Whether the communication is wired or wireless depends on some form of physical infrastructure. 5G, or the fifth generation of wireless communication technology, is essentially an upgrade to the hardware (and software) that manages communication between cellular devices. As traders continue to struggle with declining revenue and profitability, blockchain is seen as the next revenue opportunity.

Founded in 2013, Helium Network is the world’s first wireless LoRaWAN peer-to-peer Internet of Things, also known as the “People’s Network”. The network currently has more than one million “hotspots” operating on the Helium network, most of which are concentrated in the United States, Europe and China. Helium is a decentralized wireless network where people can earn cryptocurrency tokens by making their home internet connection available to others. By ensuring network security and allowing nearby devices to share their connection, users of the Helium node (or access point) can, for example, earn cryptographic tokens. Helium Network uses a decentralized network of access points to provide long-distance connectivity to Internet of Things (IoT) devices and, in the long term, to connect any device to the Internet via wireless networks such as 5G.

According to recent statistics, the platform has attracted more than 935,000 active node operators since its launch with a network optimized for IoT devices such as trackers and sensors. About 3,300 nodes make up Helium’s 5G network, which was recently launched and is optimized for mobile devices such as smartphones and tablets.

The Helium Foundation says it is responding to current user needs by switching to the Solana blockchain to achieve faster transaction speeds, longer uptime, and greater interoperability with other blockchains. The proposal to abandon their blockchain in favor of Solana has been dubbed “HIP 70”. In February, Helium raised $ 200 million in a Series D funding round led by Tiger Global and FTX Ventures with a $ 1.2 billion valuation.

Read more in the newsletter.
Extract from 5G newsletter # 94

👉New market leaders in IoT device management
👉iPhone 14 Pro 5G
👉 Network sharing
👉36,000 5G locations
👉Why disconnect 5G?
👉A tri-band and tri-sector 5G radio to build sustainable networks
👉 Densification of public networks
👉Rakuten Mobile Open Innovation Lab
👉Starting Private 5G (Training)
👉New restrictions on semiconductors in China
👉Global 5G subscriptions are approaching one billion
👉Sidlink 5G
👉E-Transit customized
👉 …

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