The Algorand (ALGO) network believes that Helium (HNT) is a better option than Solana (SOL), even as voting on transition proposals begins.
Two Algorand executives urged Helium developers to reconsider their stance on Solana, as ALGO’s network offers better options.
Algorand Chief Technology Officer John Woods ALGO’s blockchain meets Helium’s need for a “secure, robust and scalable chain,” he tweeted.
Helium requires a secure, robust and scalable chain. Algorand meets these requirements.
We are ready to speak with the Helium team.
— John Woods (@JohnAlanWoods) September 12, 2022
This view was also shared by Algorand founder and CEO Silvio Micali. Said Algorand is poised to support Helium on its “secure, scalable and truly decentralized blockchain.”
helium community, @Helium Fndn & @amirhaleem: @Algorand ready to support @helium Let us help you transition with a secure, scalable and truly decentralized blockchain! https://t.co/PflPwrXBIT
— Silvio Micali (@silviomicali) September 12, 2022
Borderless Capital, an Algorand-focused VC and Helium investor, is also asking wireless network developers to rethink their move to Solana.
Borderless Capital wants the community to stop voting on moving to Solana and consider proposals from other blockchain networks first.
2/5 @helium The migration to another L1 blockchain will be the largest chain migration ever by any metric.
We formally propose @Helium Fndn The board will first evaluate proposals from other major L1 blockchains before #HIP70 Suggestions for community voting.
— Borderless (@borderless_cap) September 12, 2022
Helium Considered Other Blockchain Network
Arman Dezfuli-Arjomandi, host of The Hotspot, a podcast focused on helium, share There are several reasons why HNT developers chose Solana over other chains.
The definitive “why not chain with Solana” [x]Answer from @helium core developer.
— Ahman Dezhuli Arjomandi 🎈 (@rawrmaan) September 7, 2022
According to the screenshots, the reasons include reliable scalability plans, a large and diverse ecosystem, other evidence of physical projects, transaction costs, stability and predictability of L1, and decentralization as a proxy. Includes the Nakamoto coefficient of .
Discord screenshot reveals developers considered other blockchains including Polkadot (DOT), Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX) and Algorand before settling on Solana I made it
Helium Community Begins Voting on Solana Migration Proposals
The helium community has already started vote Above HIP70 proposal.
The HIP70 proposal shows that the Helium network will “move Proof-of-Coverage and Data Transfer Accounting to dedicated Helium Oracles, and move Helium’s tokens and governance to the Solana blockchain.”
As of press time, over 2500 votes have been cast. 75% of those votes support his plan to move to Solana, while others oppose.
The voting period will continue for the next eight days.