thecoinrepublic.com
- Algorand (ALGO) network trusts Solana (SOL) more than Helium (HNT) while voting began on the migrational offer.
- The two top-ranking officers of Algorand requested Helium developers to re-examine their point of view on Solana as ALGO’s network proposes a better choice.
The chief technology officer of Algorand, John Woods, posted on Twitter stating that the blockchain of ALGO fulfills the requirement of Helium for “a protected, strong and extensible chain.”
Helium needs a secure, robust and scalable chain. Algorand meets those requirements.
— John Woods (@JohnAlanWoods) September 12, 2022
We are ready to talk to the Helium team.
This opinion of John woods was also reposted by the chief executive officer and founder of Algorand, Silvio Micali. He clarified that the company is all set to back Helium with its “protected, extensible and truly decentralised blockchain.”
Helium community, @HeliumFndn & @amirhaleem: @Algorand is ready to support @helium with our secure, scalable and TRULY DECENTRALIZED blockchain and help you with the migration! https://t.co/PflPwrXBIT
— Silvio Micali (@silviomicali) September 12, 2022
An algorand-centered blockchain VC company that has also invested in Helium, Borderless Capital is also very interested in wireless network developers and wants them to re-examine their shift to Solana.
Borderless Capital wishes the group to hold on to its vote on Solana migration, and it should initially examine the offers from other blockchain networks.
1/5 We have received numerous inquiries from founders and stakeholders across our industry who are interested in supporting the @Helium team in their proposed #HIP70 about the migration of its blockchain to a new L1 and want to help ensure the best possible outcome. https://t.co/vUJEoonrH9
— Borderless (@borderless_cap) September 12, 2022
Helium examined other blockchains also
Arman Dezfuli-Arjomandi, the anchor of a very famous Helium-centered podcast, The Hotspot, disclosed a Discord discussion that revealed that HNT developers prefer Solana over any other chains for many reasons.
Definitive "why Solana and not chain [x]" answer from @helium core devs.
— Arman Dezfuli-Arjomandi 🎈 (@rawrmaan) September 7, 2022
1/ pic.twitter.com/tXkaF9VF9V
If we go through the screenshot, the justifications add a trustworthy scalability plan, a vast and varying environment, many proofs of physical projects, the price of each transaction, firmness, and certainty of L1, etc.
It is clear from the Discord screenshot that the developers reviewed other blockchains like Polkadot (DOT), Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX), and Algorand before going for Solana.
The Helium has begun voting on the HIP70 proposal so far.
The HIP70 proposal will witness the Helium network “shift Proof-of-Coverage and Data Transfer Accounting to devoted Helium oracles and shifts Helium’s tokens and authority to the Solana blockchain.”
At the time of writing, more than 2500 votes have been given, and almost 75% of these votes back the planned shift to Solana, and at the same time, some people are totally against it.
It is said that the voting will continue for the next eight days.