The Algorand (ALGO) network believes it would be a better option for Helium (HNT) than Solana (SOL), even as voting on the migration proposal began.
Two top Algorand executives urged Helium developers to reconsider their stance on Solana as ALGO’s network offers a better option.
John Woods, Algorand’s Chief Technology Officer tweeted that ALGO’s blockchain satisfies Helium’s need for “a secure, resilient, and scalable chain.”
Helium needs a safe, robust and scalable chain. Algorand meets these requirements.
We’re ready to speak to the Helium team.
— John Woods (@JohnAlanWoods) September 12, 2022
This view was also shared by Algorand’s founder and CEO, Silvio Micali said that Algorand is ready to support Helium with its “secure, scalable and TRULY DECENTRALIZED blockchain”.
Helium Community, @HeliumFndn & @amirhaleem: @Algorand is ready to support @helium with our secure, scalable and TRULY DECENTRALIZED blockchain and help you migrate! https://t.co/PflPwrXBIT
— Silvio Micali (@silviomicali) September 12, 2022
Borderless Capital, an Algorand-focused VC and Helium investor, also wants wireless network developers to reconsider their move to Solana.
Borderless Capital would like the community to stop voting on the Solana migration and consider proposals from other blockchain networks first.
2/5 Moving from @Helium to another L1 blockchain would be the largest chain migration ever by any metric.
We formally propose that the @HeliumFndn board first evaluate proposals from other leading L1 blockchains before submitting the #HIP70 proposal for community voting.
— Borderless (@borderless_cap) September 12, 2022
Helium looked at other blockchain networks
Arman Dezfuli-Arjomandi, host of the helium-focused podcast The Hotspot, divided Discord conversations that revealed HNT developers chose Solana over other chains for a number of reasons.
Definitely “why solana and not chain [x]’ Response from @helium core devs.
— Arman Dezfuli-Arjomandi 🎈 (@rawrmaan) September 7, 2022
According to the screenshot, the reasons include a credible scalability plan, a large and diverse ecosystem, other evidence of physical projects, transaction costs, stability and predictability of the L1, and the Nakamoto coefficient as a proxy for decentralization.
The Discord screenshot showed that developers considered other blockchains like Polkadot (DOT), Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX), and Algorand before settling on Solana.
The Helium community begins voting on the Solana migration proposal
The helium community has already started voting HIP70 proposal.
The HIP70 proposal envisions the Helium network “offering proof-of-coverage and data transfer accounting to dedicated Helium oracles, and migrating Helium’s tokens and governance to the Solana blockchain.”
At the time of going to press, over 2500 votes had been cast. 75% of these votes support the planned migration to Solana, others against.
The voting phase is expected to last for the next eight days.
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