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Helium- The decentralized radio network of the future?

 


Cryptocurrencies are like sand by the sea. It's probably around 11,000 at the moment. For investors, the large number of currencies and projects makes it particularly difficult to filter out the most interesting and promising ones.

However, while there are quite a few meme coins and scam currencies, some cryptocurrencies are actually trying to innovate and grow the cryptocurrency market. Helium (HNT) is one of these projects.

Among other things, Helium has specialized in creating the Internet of Things (IOT).


What does helium do?

Helium is a cryptocurrency that aims to create the Internet of the Future (IOT). Helium specializes above all in enabling communication between the individual IOT devices. This is done via so-called network nodes, which Helium refers to as hotspots. These hotspots can be hosted by any HNT owner. The hotspots are comparable to radio towers or antennas that provide a network. With the difference that this is not provided by a network operator but by the community. By hosting hotspots, hosts earn HNT tokens.


What is the Internet of Things

The Internet of Things (IOT) describes the possibility of connecting physical and virtual objects and networking them with each other. This allows different devices to communicate with each other. With IOT, the coffee machine can communicate with the alarm clock (alarm clock rings, coffee is brewed automatically) or in the factory the logistics robot can communicate with the production robot. Providers like Apple are already using IOT in the eHealth sector. The Apple Watch can call the emergency doctor autonomously or communicate with other devices.

In summary, the Internet of Things is all about communication and networking. Helium wants to set up and operate this communication network via the various hotspots.


How does Helium operate the grid?

To enable networking and communication, Helium offers hosts to mine HNT to host the hotspots. This is possible with devices that are no larger than a WLAN router. These represent the "antennas" for the wireless network. This creates a decentralized network. The network is secured via the proof-of-coverage mechanism, which is considered a further development of the proof-of-work.

The innovative helium technology is already being used by companies such as the e-scooter rental company Lime to connect the scooters decentrally.


How do I become a host?

To become a host, you should first verify that your location is suitable. If utilization at helium hotspots in your area is low, you can earn more. However, there should be enough hotspots nearby that your hotspot can connect to. If your environment is suitable, you will need to purchase the Helium Miner. There are different models. The most famous helium miner is the Bobcat300. Your miner and wallet can then be managed via the Helium app.


Helium-The network of the future?

Helium has an innovative idea - building the IOT network of the future decentrally. The advantage is that there are no high costs for radio locations such as towers etc. for individual radio operators. Above all, unprofitable radio sites can also become profitable in this way. However, helium has a major disadvantage. Rural areas, such as forests, are hardly covered by the network. These areas can hardly be accessed by most hosts due to the lack of a power connection. The helium network remains full of holes, especially in rural areas. The project is definitely exciting due to the innovative ideas for the future.

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