Internet of Things (IOT), Communication
Helium is a decentralized wireless network that enables users to create and share their own internet connections.
It is a blockchain-based platform that allows anyone to become an internet service provider (ISP) and earn rewards for providing access to the network. The project was founded in 2013 by Shawn Fanning, Amir Haleem, and Sean Carey. The Helium network is powered by its own cryptocurrency, the Helium Token (HNT).
HNT is used to incentivize users to join the network and provide access points for others. When users join the network, they are rewarded with HNT for providing access points. This reward system encourages more people to join the network, creating a larger pool of users who can access the internet.
The Helium Network also has its own hardware called Hotspots. These Hotspots are small devices that can be placed anywhere in order to provide internet access. They are powered by HNT and are designed to be easy to set up and use.
The Hotspots also act as nodes on the Helium Network, allowing users to connect directly with each other without having to go through an ISP or other third-party service provider. The goal of Helium is to create a decentralized wireless network that is secure, reliable, and affordable for everyone. By using blockchain technology, it provides a secure way for users to connect with each other without having to rely on centralized ISPs or other third-party services.
Additionally, it provides an incentive system that rewards users for providing access points on the network which helps create a larger pool of users who can access the internet at any given time.