Helium – project overview
Helium is a decentralized network, which is aimed at building an ecosystem where devices work together and interact with each other.
On this page
Technically, Helium resembles a decentralized internet network. Users deploy compact devices, the size of a small router. Access points synchronize and create a network of thousands of devices that connect around the globe.
Helium network coverage in Europe
Helium’s native token is $HNT. The blockchain works on the POC (Proof-of-Coverage) consensus algorithm. While mining, the router transmits the information about its location and confirms transactions. In return, users are rewarded with $HNT tokens.
$HNT mining device (Helium.com)
Helium mining page has a world map, which is divided into many hexagonal cells. The more these cells are connected to the network, the higher the reward for each of the miners. Thus, it is beneficial for users to interact with “neighboring” territories and create a network where cells interact with each other.
Also, this method excludes the centralization possibility and production concentration capacities in one hands.
$HNT miner profitability level
Helium's hybrid algorithm also allows users to stake their coins by lending them to validators. The validator’s income directly depends on the number of staked coins.
$HNT token is traded on many cryptocurrency exchanges such as KuCoin, FTX, Gate, etc. A complete list of platforms where you can buy Helium is available on the Coingecko and Coinmarketcap websites in the corresponding section.
At the moment, $HNT is about $5. The market capitalization of the project is $650 million.
$HNT token rate (Coinmarketcap)
Helium looks quite promising compared to many centralized Internet systems. The project provides an opportunity for providers to use a fully decentralized network that will work stably even if some devices are switched off. Roaming integration, operators’ 5G connection, and partnerships with Internet providers increase the popularity of Helium, which can positively influence both the token’s value and the entire ecosystem.
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