Helium (HNT) has witnessed a notable surge of 25% in the last 24 hours, reaching a current trading value of $6.28. This significant uptick coincides with recent protocol adjustments and the implementation of key smart contract changes disclosed by the Helium network.
One of the pivotal changes is the implementation of WiFi Onboarding Charges outlined in HIP-96. Unanimously endorsed by the Helium community on November 22nd, this proposal introduces a new cost structure for onboarding WiFi access points to the Helium Network. Effective January 8, 2024, at 10 pm UTC, the new charges are as follows:
HIP-53, which established Service Provider emissions for the MOBILE network, and HIP-87, an update to Service Provider rewards, are now fully implemented, audited, and deployed as of January 8, 2024, at 10 pm UTC.
These approved proposals instruct the protocol to emit up to 10% of total MOBILE emissions per epoch to Service Providers, proportional to the amount of Data Credits used in the same epoch.
Furthermore, the protocol ensures that all subnetwork token (IOT and MOBILE) emissions are meticulously created and accounted for through on-chain programs. Any unimplemented emissions for subnetworks will undergo on-chain reversal (via burn) subsequently.
This surge in Helium’s value reflects the positive market response to these protocol changes, emphasizing the impact of fundamental developments on cryptocurrency valuations. As the Helium network evolves, investors and stakeholders closely monitor these updates for potential market implications.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: peshkov/123RF // Image Effects by Colorcinch
Shiba Inu (SHIB) gave enormous returns in 2021, making many early holders millionaires. After the…
Spooky season might be over but doom is still looming as Ripple’s XRP falls below…
Three promising altcoins are causing a stir among investors this November: Avalanche (AVAX), Cardano (ADA),…
Everyone knows what the hottest crypto can do. When it was so hot it was…
The Tron network has witnessed incredible growth in several areas, especially in its adoption, which…
Recently, major $PEPE holder Flow Traders transferred 520 billion $PEPE tokens—worth approximately $4.73 million—from address…