Helium in 2021 has seen more growth, excitement, and conviction – reinstating that decentralized wireless is the future of connectivity.
For those who are new, Helium Network is all about decentralized wireless infrastructure. People powered hotspots focused on creating a wireless revolution. Users can mine, stake and use the hotspots.
Trying to understand helium in simple terms without all the technical jargons – they are establishing decentralized WiFi and LongFi for long range!
At the time of writing, total hotspots were at 4,57,146 with a circulating HNT supply of 10,90,21,079.
This is good because, 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.
The focus is to bid good bye to GPU Mining, because mining HNT with Hotspots is done via radio technology, not expensive or wasteful GPUs.
Building Networks, hotspots work together to form a new global wireless network and undertake ‘Proof-of-Coverage’.
Hotspots are built by a variety of vendors to suit your needs and therefore choose your hardware.
The Network Flywheel started off with 14,000+ hotspots on the Network. With the Helium Improvement Proposal 19 (HIP-19) an important milestone to decentralization and the expansion of Helium Footprint is happening.
The maker applications are continuing to roll in. There are now more than 25 approved makers.
The People’s Network is the happening thing. It is built on Open-Source technology and governed by an open alliance.
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.
It is scalable and affordable to say goodbye to expensive cell contracts. On Helium a sensor can cost cents to run a year. Utilize thousands of existing sensors, chipsets and MCUs for streamlined development – a lot of good is thus set to happen to ensure decentralized and efficient wireless technology.
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.
The proof of coverage which is the novel proof of work algorithm to enable hotspots to be rewarded trustlessly.
LongFi combines the LoRaWAN wireless protocol with Helium blockchain so any LoRaWAN device can transfer data on the Helium Network. LongFi delivers roaming capabilities and supports micropayment transactions so customers only pay based on network usage without needing to deploy gateways or network servers.
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