Buy Helium (HNT), it’s easy!

Why buy Helium (HNT)

You might want to buy Helium (HNT) because of its consensus mechanism, which consists of the HoneyBager BFT protocol and the Proof-of-Coverage mechanism. The former allows consensus in a network where not all nodes are always online, such as hotspots. In fact, the Byzantine Fault Tolerant is known to ensure the network’s functioning even in the case of malicious or inactive nodes.

The second constitutes the participation incentive mechanism. In fact, it checks that hotspots are active and rewards them with HNT. Through this system, Helium aims to create an Internet of Things through the decentralised collaboration of hundreds of companies and individuals worldwide. The network’s global aspiration is evident from its nickname: The People’s Network. 

How it was born

To decide whether to buy Helium (HNT), you need to know that it is a blockchain that bases its operation on a kind of WiFi called LongFi. Helium’s network, in fact, allows your device to connect with the nodes that make up the network thanks to a bi-directional ultra-long-range radio transmission protocol, which also has low energy consumption.

Helium changes the Proof-of-Work (PoW) paradigm and aims to alleviate the mining phase by allowing users – for a limited initial outlay – to participate in block validation. It is sufficient to install a hotspot at home to mine Helium cryptocurrency (HNT). The development of Helium started in 2013 when the IoT began to make headlines. The developers are Amir Haleem, Shawn Fanning, and Sean Carey—a trio with different backgrounds. Heleem comes from eSports, Fanning was among the programmers at Napster, and Carey has experience in web marketing. This project has raised a total of $370 million through eight different investment rounds, and illustrious backers include Google, Pantera Capital, and a16z.