28. HIP 70 Deep Dive (w/ Amir Haleem & Anatoly Yakovenko)

The Hotspot - Helium Network & Blockchain Podcast

A discussion with founders and foundation members of Solana and Helium about HIP 70, the radical proposal to scale the Helium network. I moderate the panel and ask the community's most burning questions about what will change.

This is the most honest and compelling talk about HIP 70 yet, going deep into the root causes of why the Nova team thinks this proposal needs to happen.

00:00:00 Start
00:01:15 Intro & community recap
00:03:44 HIP 70 brief explanation
00:05:46 The road to HIP 70
00:12:52 Helium community skepticism about updates
00:16:35 Advantages of switching to a new L1
00:21:14 Difficulty of building L1
00:23:29 Importance of laser focus
00:26:41 Is Helium forfeiting its sovereignty?
00:30:33 Exploding community dev engagement
00:34:14 How long HIP 70 will take
00:42:17 How oracles affect decentralization
00:46:46 Validators unstaking timeline
00:57:04 IOT genesis snapshot timeline
00:58:00 IOT token launch timeline
00:58:54 Could HIP 70 be compromised?
01:00:16 Pros/cons of community governance
01:01:43 Why Solana, if it's unstable?
01:10:57 Better hotspot remote diagnostics?
01:14:23 How does veHNT work?
01:17:09 Impact on IOT/LoRaWAN routers?
01:21:51 Broken data packet accounting
01:22:50 Detailed breakdown of the L1 choice?
01:26:00 Closing thoughts

Check out the latest TL;DR on HIP 70 by Frank Mong: https://blog.helium.com/tl-dr-on-hip-70-hnt-ecosystem-would-expand-on-solana-abb123501765

And don't forget to join the #hip-70-scaling-the-helium-network channel on Helium's Discord server at https://discord.gg/helium

More episodes of The Hotspot are available on your favorite podcast app: https://link.chtbl.com/thehotspot

Hosted by Arman Dezfuli-Arjomandi

Resources:

• Learn more about Helium: https://www.helium.com/
• Follow me: https://twitter.com/rawrmaan
• Follow Amir: https://twitter.com/amirhaleem
• Follow Anatoly: https://twitter.com/aeyakovenko
• Follow Austin: https://twitter.com/Austin_Federa
• Follow Abhay: https://twitter.com/abhay
• Follow Joey: https://twitter.com/jhiller
• Follow Helium: https://twitter.com/helium
• Follow Nova Labs: https://twitter.com/novalabs_
• Intro song: Lakey Inspired - Arcade