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HNT Update: Helium Proposal to Migrate HNT to Solana Completed

The HIP70 scaling proposal was recently completed by Helium community members.One of the major changes of the proposal is the migration to the SOL network.HNT is currently trading...
HNT Update: Helium Proposal to Migrate HNT to Solana Completed HNT Update: Helium Proposal to Migrate HNT to Solana Completed
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  • The HIP70 scaling proposal was recently completed by Helium community members.
  • One of the major changes of the proposal is the migration to the SOL network.
  • HNT is currently trading at $4.64 after a 3.32% 24-hour drop.

Helium’s community members recently completed a vote to shift the Helium network to the Solana (SOL) blockchain. This move will transfer all of the tokens, applications and governance to the Solana blockchain.

The voting for the “Scaling the Helium Network” proposal closed yesterday (September 22, 2022) with a total of 7,447 votes. Out of these votes, 6,177 (81.41%) were in favor of the network change, while 18.59% voted against it.

Developers behind the Helium project proposed this migration as a means of scaling the protocol. The goal behind the proposal is to enable more efficient transactions as well as achieve a higher level of interoperability within the Helium network.

There are three major changes that are included in the HIP70 proposal. These changes include moving Proof of Coverage Oracles, moving data transfer accounting to Oracles, and migrating the whole Helium network to the Solana (SOL) blockchain.

The network’s native token, HNT, is trading at $4.64 at the time of writing according to the crypto market tracking website, CoinMarketCap. This follows after a 3.23% decrease in price over the last 24 hours. Additionally, HNT has weakened against Ethereum (ETH) and Bitcoin (BTC) by 5.39% and 2.83% respectively.

In terms of market cap, HNT’s market cap is $587,259,081 – ranking it as the 66th biggest project by market cap. Ranked above it is NEO, with FTM positioned one position below it.

The 24-hour trading volume for HNT has also fallen by 48.31% compared to the day prior – taking the total to $22,863,939.

The post HNT Update: Helium Proposal to Migrate HNT to Solana Completed appeared first on Coin Edition.

See original on CoinEdition

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25-09-2022 18:10:32 (UTC+7)

EUR/USD

0.9690

-0.0146 (-1.48%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

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EUR/USD

0.9690

-0.0146 (-1.48%)

Summary

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Moving Avg:

Buy (12)

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GBP/USD

1.0858

-0.0399 (-3.54%)

Summary

Neutral

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Buy (6)

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USD/JPY

143.34

+0.99 (+0.69%)

Summary

Buy

Moving Avg:

Buy (7)

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AUD/USD

0.6526

-0.0117 (-1.76%)

Summary

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Moving Avg:

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USD/CAD

1.3591

+0.0103 (+0.77%)

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EUR/JPY

138.90

-1.05 (-0.75%)

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EUR/CHF

0.9513

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1,651.70

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Silver Futures

18.835

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3.3485

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85.03

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6.992

0.000 (0.00%)

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220.15

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3,348.60

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1,676.17

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7,583.50

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39.790

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49.58

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Adidas AG

130.96

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5.674

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8.632

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    EUR/USD 0.9690 ↑ Buy  
    GBP/USD 1.0858 Neutral  
    USD/JPY 143.34 Buy  
    AUD/USD 0.6526 ↑ Sell  
    USD/CAD 1.3591 Neutral  
    EUR/JPY 138.90 ↑ Buy  
    EUR/CHF 0.9513 ↑ Buy  
    Gold 1,651.70 ↑ Sell  
    Silver 18.835 ↑ Sell  
    Copper 3.3485 ↑ Sell  
    Crude Oil WTI 79.43 Sell  
    Brent Oil 85.03 Sell  
    Natural Gas 6.992 ↑ Buy  
    US Coffee C 220.15 ↑ Sell  
    Euro Stoxx 50 3,348.60 ↑ Sell  
    S&P 500 3,693.23 ↑ Buy  
    DAX 12,284.19 ↑ Sell  
    FTSE 100 7,018.60 Neutral  
    Hang Seng 17,933.27 ↑ Sell  
    Small Cap 2000 1,676.17 Neutral  
    IBEX 35 7,583.50 ↑ Sell  
    BASF 39.790 Neutral  
    Bayer 49.58 ↑ Sell  
    Allianz 168.74 ↑ Sell  
    Adidas 130.96 ↑ Sell  
    Lufthansa 5.674 ↑ Buy  
    Siemens AG 98.63 ↑ Sell  
    Deutsche Bank AG 8.632 ↑ Sell  
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# So hôm qua # Chênh TG
SJC Eximbank6,540/ 6,640
(6,540/ 6,640) # 1,917
SJC HCM6,580/ 6,660
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JPY161,93171,43
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Cập nhật lúc 17:39:17 25/09/2022
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