Today we discuss about Helium. We Written details review about Helium. Also we include Helium crypto pros & cons.
What Is Helium Crypto?
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.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
Helium Crypto Coin Point Table
| Coin Basic | Information |
|---|---|
| Coin Name | Helium |
| Short Name | HNT |
| Circulating Supply | 143,512,232 HNT |
| Max Supply | 223,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
What Is Current Price Of Helium?
The live Helium price today is $1.57 USD with a 24-hour trading volume of $5,433,957 USD. They update our HNT to USD price in real-time. Helium is up 11.19% in the last 24 hours. The current CoinMarketCap ranking is #150, with a live market cap of $225,857,318 USD. It has a circulating supply of 143,512,232 HNT coins and a max. supply of 223,000,000 HNT coins.
If you would like to know where to buy Helium at the current rate, the top cryptocurrency exchanges for trading in Helium stock are currently OKX, Bybit, Bitget, BingX, and SuperEx. You can find others listed on our crypto exchanges page.
How Is the Helium Crypto Network Secured?
Helium uses a bespoke consensus mechanism called proof-of-coverage (PoC) which rewards users for contributing to mining (validating transactions) and ensuring stability.
PoC is based on the HoneyBadger BFT protocol, which is specifically designed for node communication when conditions are unreliable.
Helium says that the most likely attack vector impacts node operators in the form of inbound ports of Hotspots. For token holders, the platform’s own wallet uses asymmetric keys to help users with private key security.
Where Can You Buy Helium (HNT)?
HNT is a tradable token spreading across major exchanges as of October 2020. Major pairs are active on Binance and FTX, and include USD and stablecoins such as Tether (USDT)
A New Way to Mine Crypto
By deploying a simple device in your home or office, you can provide your city with miles of low-power network coverage for billions of devices and earn a new cryptocurrency, HNT.
BYE BYE GPU MINING
Mining HNT with Hotspots is done via radio technology, not expensive or wasteful GPUs.
BUILD NETWORKS
Hotspots work together to form a new global wireless network and undertake ‘Proof-of-Coverage’.
CHOOSE YOUR HARDWARE
Hotspots are built by a variety of vendors to suit your needs.
Massive, Decentralized Connectivity
Hundreds of companies and thousands of developers are already building on The People’s Network, the world’s largest, and fastest growing LoRaWAN network.
Thousands of existing solutions, sensors, devices and gateways can be easily configured to run LongFi – a powerful blend of LoRaWAN and blockchain technologies.
AN OPEN ALTERNATIVE
The People’s Network is built on Open Source technology and governed by an open alliance.
SCALABLE & AFFORDABLE
Say goodbye to expensive cell contracts. On Helium a sensor can cost cents to run a year.
LORAWAN-COMPATIBLE
Utilize thousands of existing sensors, chipsets and MCUs for streamlined development.
What Makes Helium Crypto Unique?
Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature.
Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.
Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT.
The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable.
In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves.
Core Technologies.
The People’s Network is made possible through sophisticated, open-source technologies that aim to create a truly decentralized and trust-less model for building wireless infrastructure.
Tokens & Data Credits
The network uses two units of exchange: HNT, a new cryptocurrency, and Data Credits.
Proof-of-Coverage
The novel proof-of-work algorithm enables Hotspots to be rewarded trustlessly.
Helium LongFi
LongFi combines the low-power, long-range LoRaWAN wireless protocol with the Helium Blockchain.
