Helium Finished High-Profile Migration To Solana

There are all kinds of important events taking place int he crypto space. Check out the latest reports about this below.

According to the Helium (HNT) Network officially completed its much-publicized migration to the Solana (SOL) blockchain on Wednesday.

Abhay Kumar, the Helium Foundation’s chief executive, says the upgrade will help with the project’s scalability and reliability. Here’s what he said:

“Migrating the Helium Network to Solana offers significantly more utility for the network, including faster transaction speeds and new smart contract capabilities.”

He continued and said:

“And now that core developers will no longer have to maintain a layer-1 blockchain, the Helium Foundation and other contributing organizations can direct more resources towards our shared goals of accelerating the growth of decentralized wireless networks and bringing new applications that create economic efficiencies and close the digital divide.”

Helium focuses on building out a network for the internet of things (IOT) powered by physical hotspots.

Helium allows IOT devices connected to the network to communicate and share data. The HNT token is used to reward participants for validating coverage and also offering wireless hotspots.

Senior Bloomberg commodities analyst Mike McGlone said that Bitcoin’s (BTC) prospects over the long term look promising.

In a new Stansberry Research interview, McGlone made sure to explain the fact that he is “very bullish” on Bitcoin but warns that risk assets such as the flagship crypto asset face significant headwinds going forward.

“I’m very bullish on Bitcoin because of major reasons – it’s definable diminishing supply very low and [it’s] early days of adoption, you have to be long over time.”

He continued and said the following:

“But it also trades 24/7 and it’s a very significant leading indicator and it looks like it just might have rolled over from $30,000. I just can’t see how we’re going to get what I view as a significant contraction in risk asset prices without Bitcoin, still a risk asset, going down.”