Helium Network is one of the promising crypto projects using HNT cryptocurrency. The essence of the development is the creation of distributed wireless network access points with a huge range.
Investors can get HNT cryptocurrency in several ways. The first is to buy the asset on exchanges. The second is to purchase and install a helium miner in your office or home.
The Helium network consists of several hundred thousand devices around the world, which are wireless access points and are united in The People’s Network.
The Internet network is integrated with Helium’s blockchain and its native cryptocurrency, HNT, necessary to pay for data transmission work and to reward access point owners. Some of The People’s Network devices are also node-validators.
Who created Helium?
Helium Systems, a company founded in 2013 in San Francisco (USA) by Sean Fanning, Amir Halim and Sean Carey, is responsible for the project. The initial goal of the startup was to create a global decentralized network for various devices that could exchange small-sized data files with a remote center. Thus, the founders of Helium in many ways anticipated the spread of the Internet of Things (IoT) concept.
The company is now led by Amir Halim, the other founders have left the company. Another key employee is CTO Mark Nijdam, who has over 25 years of experience in large IT companies.
Since its founding, Helium Systems has made several rounds of investments and raised funds totaling about $365 million.
What is included in the Helium network?
The wireless network is powered by specialized modems that utilize Helium LongFi technology. It connects a special wireless communication protocol LoRaWAN (Long Range wide-area network) to the blockchain.
The People’s Network includes more than 820,000 access points (one point – one modem) located in more than 62,000 cities and 173 countries. The network adds approximately 60,000 new points each month. Helium has the best coverage in urban agglomerations in the United States, as well as in European countries and eastern China.
The Helium network doesn’t have enough bandwidth to watch videos or play games. However, it provides a reliable Internet channel for devices that regularly transmit small data packets.
