Helium Expands Decentralized WiFi Network Features, Token Price Rises

Users of the ecosystem approved two proposals to expand the network to include mobile services.

Helium (HNT) rose more than 10% in the last 7 days.

From now on, service providers will be able to influence gaming.

Helium (HNT), the native token of the eponymous decentralized WiFi network, leads the weekly rise in cryptocurrencies (within the top 100 by market capitalization) after the approval of two new proposals to improve the service and prevent malicious practices within the ecosystem.

As CriptoNoticias already reported, Helium is made up of low-power wireless devices that communicate with each other and send data through a network of nodes. As a reward, users receive HNT for providing network coverage and facilitating the transmission of data from IoT (Internet of Things) devices. In addition, it offers 5G telephony services. In recent days, the HNT token rose from $6.66 to $7.50 in a week. Although this is an increase of more than 13%, it is still far from the $55 it reached on November 12, 2021, its all-time high (ATH). Within this framework, the development team detailed that the HIP130 proposal is an initiative that allows WiFi access points to be configured to support operators such as Helium Mobile. That is, they will not only provide connectivity for IoT devices, but will also be able to facilitate mobile network services through existing infrastructure.

For its part, the HIP131 proposal allows service providers to influence the management of Hex Oracles, specific areas where network coverage and performance are measured and managed. The update will help them prevent “gaming,” a practice in which some users manipulate the system to obtain more rewards than they should.#CoinGecko #HNT #Tokenization #gaming #HexaCrafter