Unlocking the Potential of Helium Crypto: A Game-Changer for IoT and 5G | by Hal Roberts | The Capital | Jan, 2025
The cryptocurrency market is full of innovative projects, but few offer as much real-world utility as Helium (HNT). Known as “The People’s Network,” Helium is a decentralized blockchain-powered network revolutionizing how the Internet of Things (IoT) and wireless connectivity function. Here’s why Helium is generating buzz and how it stands out in the crowded crypto space.
At its core, Helium is a blockchain-based network designed to provide low-cost, long-range wireless coverage for IoT devices. Think of it as a decentralized alternative to traditional telecom providers, but instead of relying on massive infrastructure, Helium leverages a global network of individual contributors who deploy Hotspots to provide coverage.
Hotspots Power the Network:
- Hotspots are small hardware devices that combine a wireless gateway with a blockchain miner. When users set up a Hotspot, they contribute to the Helium Network by creating wireless coverage in their area.
- In return, they earn Helium Tokens (HNT) as a reward.
LoRaWAN Technology:
- Helium operates on the LoRaWAN protocol, which is ideal for IoT devices like sensors, trackers, and smart meters due to its long-range and low-power capabilities.
