When Helium abandoned its blockchain and switched to Solana, I was shocked! It had never happened before, but anything can happen in Web3, right?!

https://twitter.com/BillyM2k/status/1565144893630005250

What is Helium?

First of all, this is not a chemical element with the symbol He and atomic number 2.

https://g.co/kgs/DjFtQD

It is the People's Network.

Their goal is to allow low-powered wireless devices to communicate with each other and send data across their network of nodes. It is to prepare for IoT or the Internet of Things.

https://twitter.com/HeliumFndn/status/1564723480138055687

Abandon the idea

Helium has no advantage of their invention on "Proof of Coverage" (PoC) that works to verify hotspots are located where they claimed

Why do double work to verify hotspots if the service provider has identification verified in the first place?

Helium tagged into Solana

https://medium.com/helium-foundation/hip-70-helium-core-team-proposes-to-migrate-to-solana-e7ea23a042e7

Their proposal claimed to increase its speed through scalability.

The truth is their assumption is wrong at the beginning. 

My guesses here are:

https://www.coindesk.com/business/2022/02/18/crypto-powered-wireless-network-helium-raises-200m-at-12b-valuation-report/

- they raised $200M funds that need to deliver products

- they cannot meet the expectation

- they share their price with Solana to come up with something new

- they are likely to be quite quitting in the coming years

Oh, if you bought a Helium token, you just got rugggggggggggggggg...