What is Helium (HNT)
Helium is a project that aims to build a decentralised wireless network for the Internet of Things (IoT), nicknamed “The People’s Network”. Coverage is not provided by a large telecoms company, but by a network of hotspots installed and operated by users, which transmit data via a long-range, low-power radio protocol (LongFi). It is one of the reference projects in the DePIN (decentralised physical infrastructure) category.
Note: Helium is not currently supported by Young Platform; this page is purely informational.
How it works
The network combines the HoneyBadger BFT protocol with a mechanism called Proof of Coverage, designed to verify and reward the hotspots that actually provide coverage in their area. Active hotspots receive rewards in HNT tokens: these are variable, non-guaranteed rewards, linked to the actual usefulness provided to the network.
In 2023 Helium migrated its infrastructure to the Solana blockchain, chosen for greater scalability, and also extended the model to mobile connectivity (with a decentralised 5G/cellular network offering).
How it began
Development began in 2013, when the IoT theme was gaining attention. Its founders include Amir Haleem, Shawn Fanning (one of Napster’s creators) and Sean Carey. The project raised substantial funding from leading investors such as Google, Pantera Capital and a16z.
The underlying idea is that users themselves, rather than a centralised operator, build and own the network infrastructure, receiving an incentive for their contribution.
Price trends and what to consider
Like all crypto-assets, HNT has shown a highly volatile price trend. Its quotations can be influenced by the general trend of the crypto market, by the real adoption of the network and by the growth of the DePIN sector.
Past performance is not a guarantee of future results.
Helium Market Data
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