CoinMarketCap takes a deep dive into Helium (HNT), a network that is currently live with over 462,000 hotspots, being the fastest-growing wireless network in the world. Read more! helium HNT HNTtoken
positions itself as a people-powered network to start a wireless revolution. The “people's network” represents a paradigm shift for decentralized wireless infrastructure through the Helium blockchain. The network is currently live with over 462,000 hotspots, being the fastest growing wireless network. Moreover, it makes the concept of mining cryptocurrency more accessible to everyone, as anyone can install the necessary hardware at home or in an office.
Once the Helium network is deployed, any sensor interfacing with the Helium LongFi wireless protocol can request a network connection. The created network is designed primarily for battery-powered devices used to send minor amounts of information over a long distance. Furthermore, the proprietary Proof Of Coverage model serves as an incentive to get more hotspots online worldwide and helps ensure users receive HNT tokens based on their performance and overall coverage. It also helps hotspots assert their current location based on GPS information, allowing owners to prove their coverage. Every hotspot on the Helium network has a score between 0.0 and 1, with higher scores indicating better network confidence and higher coverage quality.
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