Helium IOT Price

About the coin

The Helium Network is a decentralized, blockchain-based wireless infrastructure project that allows individuals and organizations to deploy and operate wireless networks through token incentivisation. It leverages the Solana Blockchain for its foundation. The primary token powering the network is HNT, while IOT and MOBILE tokens are used to facilitate the LoRaWAN and 5G networks, respectively.

Main features

The Helium Network is unique due to its decentralized infrastructure, allowing for the creation and maintenance of a distributed wireless network by incentivizing participants to contribute resources and share the benefits. It is scalable and secure, leveraging the Solana Blockchain, known for its high scalability, low latency, and robust security. The network supports various use cases, including IoT devices through the LoRaWAN network and high-speed mobile connectivity via the 5G network. It employs a token-based system to reward participants and encourage network growth. A unique consensus algorithm, Proof-of-Coverage (PoC), is employed by the LoRaWAN and 5G subnetworks, rewarding participants for verifying wireless network coverage.

How it works

The IOT token is the Governance token of the LoraWAN IOT Subnetworks, mined by IOT Hotspots through both data transfer proceeds as well as Proof of Coverage. The Helium Network is a rapidly growing decentralized wireless infrastructure with a global footprint, attracting new users, developers, and organizations. As the network expands, it aims to revolutionize the wireless communication landscape and further democratize access to connectivity.