otaku.sol Profile picture
Sep 12 10 tweets 3 min read
A potential recent move that might be a catalyst to bring more eyes to Solana.

🧵The Helium Network is moving entirely to SOL 🧵 Image

Launched in July 2019, Helium is a distributed network of long-range wireless hotspots.

The goal is to create a blockchain powered network for Internet of Things (IoT) devices creating what they call “The People’s Network”. Image

Nodes come in the form of so-called "Hotspots", which are a combination of a wireless gateway and a blockchain mining device.

Operate nodes , mine and earn rewards in Helium’s native crypto token, $HNT.

Ranked #66 in MCap

Curr Val -> 5.2$ (approx)
ATH Val -> 52.71$ Image

The Ease of mining HNT tokens made it very popular among it's peers.

Works on a Proof-of-Coverage (“PoC”) mechanism. Image

HIP stands for "Helium Improvement Proposal".

Proposals submitted by members of the Helium community, addressing issues like tokenomics, blockchain functionality, and allocation of mining rewards.

'HIP 70' was a recent proposal by the Helium core developer team .

HIP 70 Proposes three major changes:

🔹 Moving Proof-of Coverage to Oracles.

🔹 Moving Data Transfer Accounting to Oracles.

🔹 Migrating the Helium Network, including its tokens, governance, and economics around HNT, DC, IOT, and MOBILE, onto the Solana blockchain. Image

What are oracles ?

Oracles are entities that connect blockchains to external systems.

Enabling smart contracts to execute based upon inputs and outputs from existing real-world servers or devices. Image

Helium community will gain :

✴️A developer ecosystem with thousands of devs worldwide who are working on apps that are only possible on SOL due to its fast & cheap transactions.

✴️Real-world NFT applications

✴️B2B and B2C marketplaces

✴️lending/borrowing Image

Solana offers significant benefits to Helium that include, but are not limited to, scale, community, and composability.

The consensus among the core developers and The Helium Foundation was that Solana was the best blockchain to accommodate needs of the HNT Network .

This obviously brings a lot exposure to SOL.

Further more networks/chains will move into solana , if this move proves to be successful.

The future does seem bright. Image

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More from @otaku_1996sol

Sep 13
Solana is building an all out eco-system in which anyone can contribute & build.

Here's another cool blockchain network which is going to add value to SOL along with the helium (HIP 70) merge proposal.

Meet the Hive mapper 🐝🗺️ Image

If u haven't read my previous thread on helium moving to Solana , I insist you do so for some context about the 'HIP 70' proposal.


How often do you need a map ? 🗺️

Almost always needed while travelling/exploring new places or when u need a shorter route to a known destination.

Maps have become an essential part of the world’s technology infrastructure & represent a $300B market
Read 10 tweets
Sep 12
A project with extremely cute art going on a roll.

How did these cute pfps suddenly pop out of nowhere & back into the spotlight 💡

Let's dig a bit deeper and find out abt @KikiVerseNFT Image

Art created by @PepeCloverNFT , it's in a league of it's own with 1200+ super cute traits !

Some other projects the artist is involved in :
- @Squishiverse
- @PepePawnShop
- @SappySealsNFT

Turns out he's the artist for #ABC as well 🤯 Image

Roadmap highlights:

🔸Watch to earn

🔸Women-led project

🔸Animated Series

🔸Metaverse Integrations Image
Read 12 tweets

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