What is Helium Network?

Helium is a distributed network of hotspots that provide long-range wireless services to LoRaWAN-capable Internet of Things (IoT) devices, publicly accessible to global citizens.

Helium Blockchain is exclusively developed to encourage the development of truly decentralized wireless networks. Helium uses the HNT token as its main cryptocurrency. However, the project moved to the Solana blockchain in April 2023.

The advantages of the Helium network over standard internet service providers include high levels of security, full encryption, and low-cost global internet access. Furthermore, Helium's decentralized architecture leverages the common infrastructure of hotspots operated by businesses and consumers to provide lower-cost connectivity solutions, especially for mobile devices. IoT device. This could make internet access easier for people in remote or underserved rural areas.

Using specialized hardware called hotspots, Helium operators provide wireless network coverage to the Helium network. By purchasing or building a WHIP-compliant hotspot and staking an amount proportional to the density of other miners operating in their area, users become miners on the Helium network. WHIP stands for Wireless Hardware Interface Protocol.

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