[The number of Helium mobile users exceeded 100,000, and the HNT token increased by 40% more than Bitcoin]
HNT (Helium Network Token) has performed well over the past seven days, second only to the Dogecoin derivative financial product dogwifhat (WIF). Helium Network is a powerful example of blockchain technology being used in the real world. The HNT token price surged more than 40% to $5 in seven days, becoming the second-best performing token among the top 100 coins by market capitalization, as wireless phone service Helium Mobile grew in popularity.
Helium Network is a decentralized blockchain network designed for the Internet of Things (IoT) that enables devices to communicate and share data through small devices called hotspots. These hotspots act as wireless gateways, incentivizing owners to earn HNT tokens by providing network coverage and authenticating connections. Helium Mobile uses the Helium network for data sharing, communication and tracking, without relying on traditional centralized cellular or Wi-Fi networks.
Earlier this month, the number of Helium Mobile subscribers using Helium Network to communicate exceeded 100,000, an increase of more than 300 times from a year ago. The phone service released a progress report on its roadmap on July 12, revealing pilot plans with major U.S. telcos to move data to the Helium Network. The report also announced a licensing program to improve compatibility with third-party hardware device manufacturers, as well as OpenRoaming compatibility to expand data transfer options for owners of functional hotspots.
Tom Shaughnessy Jr, founder of Delphi Ventures, said Helium is a powerful example of blockchain technology solving real-world problems. He noted that Helium's 5G offers better consumer pricing because reselling home network is cheaper than buying a mobile plan directly from a carrier at a monthly price. Shaughnessy wrote on Mobile plan. 100,000 subscribers and counting, which is incredible.
