The People’s Powered Network
“Powered by the Helium Blockchain, The People’s Network represents a paradigm shift for decentralized wireless infrastructure.”
– Helium Inc
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What is Helium?
I’m glad you asked. This comprehensive video provides a basic explanation of the Helium project and the purpose of the network. Scroll down for more information about the Miners and HNT.
Helium Hotspot Miner
The Helium network is a decentralised, open wireless network built on a blockchain for the physical world. It is based on a new type of consensus mechanism called Proof of Coverage and a new consensus algorithm (based on HoneyBadger BFT). The Helium network is used to route data for long-range, low-power IoT devices that use Helium’s LongFi protocol.
Helium Native Token
The native token of the Helium network is called HNT. These tokens are earned when the miner performs the various tasks it can. This all happens automatically.
HNT can also be bought on the exchange Coinmerce for low commission fees. Open an account today and invest in the most promising project at the moment.
Helium was founded in 2013 by Shawn Fanning, Amir Haleem and Sean Carey with a mission to simplify the building of connected devices. Helium believes that current wireless connectivity options are woefully inadequate for the next generation of machines. To solve this, they have developed the Helium Hotspot, a combination of a physical blockchain node and a wireless gateway that network subscribers can deploy to receive compensation in HNT, the native token. To receive rewards, hotspots must provide proof of wireless coverage at a verified location and time. Once the network is deployed, any sensor using the Helium LongFi wireless protocol can connect to the network, which is designed for battery-powered devices that transmit small amounts of data for miles.