- Price: $5.30
- Market Cap: $852,940,333
- 1 Month Performance: -16.07%
- 1 Year Performance: 195.03%
- All-Time High: $56.21
Helium (HNT) is a decentralized blockchain network that aims to revolutionize wireless telecommunications infrastructure globally. At its core, Helium operates as a decentralized wireless network where individuals can deploy and operate wireless hotspots to provide coverage and connectivity for Internet of Things (IoT) devices. The network utilizes a unique consensus algorithm known as Proof of Coverage (PoC), which incentivizes hotspot owners to offer reliable coverage. Hotspot owners earn HNT tokens by validating wireless coverage in their respective areas, thus ensuring the reliability and expansion of the network. Helium's vision is to create a global loT connectivity network, enabling seamless communication between IoT devices across various industries and use cases. By leveraging LongFi technology, which combines the benefits of long-range and low-power wireless communication, Helium facilitates efficient and cost-effective connectivity solutions. The HNT token serves as the native cryptocurrency used for rewarding hotspot operators, facilitating transactions on the network, and incentivizing network expansion. Through the HNT token, participants are incentivized to contribute to the growth and reliability of the Helium network, thus creating a self-sustaining ecosystem. Helium's decentralized approach to wireless networking offers several advantages, including increased scalability, improved coverage, and reduced infrastructure costs. By empowering individuals to participate in the network as hotspot operators, Helium fosters community-driven growth and democratizes access to wireless connectivity.