Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. With a Helium Hotspot, anyone can earn cryptocurrency by building a wireless network in their city and creating a more connected future. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
What is HNT?
Helium is a decentralized blockchain-powered network for Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
With a Helium Hotspot, anyone can earn cryptocurrency by building a wireless network in their city and creating a more connected future. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium was created by Dr. Jin Kang as a way to provide wireless networks for IoT devices without the need for an ISP. It also solves the problem of limited bandwidth on traditional networks that can be expensive or unreliable.
Why Helium?
IoT devices are expected to grow exponentially in the coming years. Gartner estimates there are around 26 billion networked devices. And this number is only expected to increase in the coming years.
The problem with many of these devices is that they don't have a great battery life and can't last long without being charged.
What's more, most IoT devices don't have a large data allowance for their monthly usage—and we're not just talking about your smart home gadgets! Even drones and autonomous cars need to be connected and run on the cloud. With these limitations in place, it's hard for these devices to communicate or send data across networks.
We've all seen how IoT-connected devices can make our lives easier—from delivering better customer service through online chatbots to making sure our homes are always safe and safe with smart locks and cameras. But we need them to work smarter and longer if they're going to really make an impact on our lives.
In summary, HNT is a decentralized blockchain-powered network for IoT devices that helps overcome some of the traditional challenges with connectivity by providing low-powered wireless nodes that can be installed anywhere, including in remote areas where connectivity is difficult
How does it work?
The Helium network is broken up into two parts: the Helium Core and the Helium Hotspots. The Core is responsible for checking the time, maintaining a connection with other nodes, and running any commands sent to it by the Hotspot. The Hotspots are responsible for connecting with other hotspots to form their own wireless networks.
The future of Helium
The IoT is estimated to make up $20.4 trillion dollars of the global economy by 2025. Helium is bridging the gap between IoT devices and how they interact with each other, providing a platform for communication that will propel the IoT market into the future.
With Helium, users are able to build networks of devices that can communicate with each other, enabling enterprises to track inventory or monitor their fleet of vehicles more efficiently. They also have the power to create localized networks that form a mesh of coverage, so rural communities can explore new opportunities. With these wireless mesh networks becoming more commonplace, it’s possible to imagine a future where even small towns are connected.
So what does this mean for your business? By investing in Helium now, you have an opportunity to be one of the first companies in touch with the next generation of technology!
Conclusion
As the cryptocurrency market becomes more and more popular, there has been an explosion in the amount of different currencies to invest in. Amidst all of these new coins, Helium has emerged as a viable contender with some major advantages over Bitcoin and Ethereum. And if you're looking to get started with cryptocurrency investing, Helium may be a place to start.
Helium has a low price and high liquidity, meaning that it's easy to get your money in and out of the investment. There's also a smaller risk of coin loss due to hacks or technical issues with the protocol. The Helium team has an ambitious roadmap and the right connections for adoption—helping to ensure that its price will continue to rise in the future.