Helium is a decentralized, blockchain-powered network that allows low-power wireless devices to communicate with each other. Helium was founded by Sean Carey in 2013. The native token of the Helium network is HNT Coin.
The aim of the Helium project is to identify infrastructure deficiencies in existing wireless connections and to prepare IoT communication for the future. From smart pet collars to bike trackers to air quality and environmental sensors, hundreds of companies and thousands of developers use IoT applications that use the People’s Network. Accordingly, devices with wireless connectivity can transfer data between them thanks to this technology.
The Helium project has its own blockchain network. On this network, it is possible for users to mine HNT coins, staking, and use them as a currency.
If we examine the features of the Helium project:
- In addition to HNT Coin, a different coin called Data Credits can be used for transaction fees to be paid by users.
- The wallet offered by the platform helps personal key security with asymmetric keys.
- Network participants are required to purchase Hotspots, a combination of wireless gateway and mining hardware, to contribute to the network and generate HNT.
- Proof-of-Coverage calculates connection quality variables offered by nodes with consensus mechanism.
One of the most important features of the HNT cryptocurrency is the mode of production. Helium, which provides communication on a regional network called LoRaWAN (Long Range Wide Area Network) and uses the wide area network that stands out with its low power consumption, uses this infrastructure for the communication of IOT vehicles through Hotspots. In addition, it has brought a new breath to the blockchain world with the consensus structure it has created.
It is possible to obtain HNT coins, the crypto money of the Helium platform, through many trading platforms.
What are the Advantages and Disadvantages of HNT Coin?
HNT Coin advantages and disadvantages are as follows:
Advantages
- HNT Coin is listed on major cryptocurrency exchanges.
- HNT Coin is staked to establish a node.
- Passive income can be obtained through mining.
Disadvantages
- The sharp decline in its prices has increased the skepticism towards the future of HNT Coin.
