Helium migrates its blockchain to Solana following T-Mobile partnership

On Thursday, the Helium Foundation announced that it would be moving its mainnet to the Solana blockchain following a community vote. According to the proposal, proof-of-coverage and Data transfer mechanisms will be moved to Helium Oracles. It’s official! The HIP 70 vote has ended. #Helium will be moving to the @Solana blockchain! pic.twitter.com/V2WIajou7R — Helium (@helium) September 22, 2022 Meanwhile, Helium’s tokens and governance will relocate to that of the Solana blockchain. As told by developers, the benefits of the move would include more of its native token HNT available to…

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Helium (HNT) Recovers With Double-digit Gain, Can Bulls Push to $12?

Despite a strong bullish run in recent months, Helium (HNT) was unable to hold its ground against tether (USDT), with the price falling from an all-time high of $50 to around $5. The recent price increase in Bitcoin (BTC) has had a positive impact on the overall market, as most altcoins continue to show strength, producing more than 100% gains, with Helium (HNT) price also in the picture due to its impressive recovery. (Data from Binance) Helium (HNT) Price Analysis On The Weekly Chart  The price of HNT has struggled…

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Helium devs propose ditching its own blockchain for Solana

Internet of Things (IoT) blockchain network Helium could transition to the Solana blockchain following a new HIP 70 governance proposal launched on Aug. 30.  The Helium core developers said the need to “improve operational efficiency and scalability” was required in order to bring “significant economies of scale” to the network. The Helium network operates by users installing a Helium Hotspot to provide decentralized wireless 5G network coverage for internet users in their area. Helium uses a unique consensus mechanism — proof-of-coverage to verify network connectivity and distribute HNT tokens to…

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Helium network team resolves consensus error after 4-hour outage

The Internet of Things (IoT) blockchain Helium shut down for about 4 hours on July 11 due to validator outages from a software update, causing delayed transaction finality. During the outage, devices transferring data over the network were not affected, but miner rewards and token transfers were left pending. The team resolved the issue by skipping the blockchain forward by one block and resuming normal functions. At 10:20 am EDT, the Consensus Group stopped producing blocks at block height 1435692 on the Helium (HNT) blockchain, according to a status update.…

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Ocean Protocol, Helium and Chainlink post monthly gains while Bitcoin price consolidates

Positive price movements during bear markets are noteworthy primarily because they can help identify projects that have a good chance of surviving until the next bull cycle .  Generally, price action in June has been stagnant for a majority of the crypto market because traders are nervous about Bitcoin’s (BTC) oscillation around the $30,000 support level, but there have been a few strong performers. LINK/USDT vs. HNT/USDT vs. OCEAN/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers in the month…

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Strong fundamentals lure traders back to Audius, Raydium and Helium

The cryptocurrency market found itself in a holding pattern on Aug. 17 as the price of Bitcoin (BTC) lingers below $46,000 and bulls regroup to plan their next attempt to push the price higher.  Despite the struggles faced by many of the top cryptocurrencies, several altcoins were buoyed by positive developments and CT Pro’s top market gainers index shows many producing double-digit gains. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the…

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Helium (HNT) gains 40% after $111M fundraise and 100K active nodes milestone

Among the more than 11,000 listed cryptocurrencies exist a few projects that offer a revolutionary use case capable of improving the way society operates through the integration of blockchain technology.  One such project is Helium (HNT), a decentralized peer-to-peer 5G wireless network that made headlines on Aug. 10 thanks to the successful completion of a token sale that raised $111 million from multiple investors, including Andreessen Horowitz. Data from Cointelegraph Markets Pro and TradingView shows that HNT price spiked 30% from a low of $14.03 to an intraday high at…

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Helium (HNT), Avalanche (AVAX) and Pickle rally on partnership announcements

Bitcoin (BTC) price continues to defy gravity and its strong bullish breakouts frequently result in short sellers needing to cover their positions in a hurry. A repeat of this happened on Feb. 9 when Bitcoin soared on the news of Tesla’s $1.5 billion Bitcoin purchase. Bybt data shows that about $1.34 billion worth of Bitcoin futures positions were liquidated due to the sharp rally. Crypto market data daily view. Source: Coin360 Another notable event was the launch of CME Ether (ETH) futures on Feb. 8. Several traders feared that the…

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IoT growth, partnerships, ease of mining drive Helium (HNT) price higher

Helium is a decentralized blockchain-powered network designed to allow low-powered wireless devices to communicate with each other and send data across its network of nodes. Since July 2020, Helium’s native token, HNT, has increased 550% in value from $0.35 to a 2021 high of $2.25 on Jan. 25 as fundamentals for the network continue to improve. Three reasons why HNT is poised for continued growth are the increasing size and coverage of its node network, the ease of running a node for passive income, and the growing number of partnerships Helium…

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Blockchain-Based Wireless IoT Network Helium Expands to Europe

Peer-to-peer, or P2P, crypto-powered wireless network Helium announced its expansion to Europe after launching in North America. According to a June 18 announcement shared with Cointelegraph, Helium will start shipping its network’s Hotspots to Europe in July. The announcement also notes that the firm just launched Helium Tabs. Helium Tabs are devices that leverage the decentralized network for tracking purposes. According to the official website, they have a battery duration of over 6 months. The hotspots are both low-power wireless access points accessible from up to 10 miles away and…

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