What is Helium
¿What is Helium?
Helium is a decentralized platform supported by the blockchain for Internet of Things (IoT) devices, this means that this network accepts low-density wireless devices to exchange information through its network of nodes.
Founded by Amir Haleem, Shawn Fanning and Sean Carey, officially launched in July 2019.
It has offices in San Francisco, California.
¿What does it offer?
The Helium network offers its HNT tokens, which is how Hotspot users are rewarded for building the platform.
Likewise, HNT is built specifically to meet the needs of the helium network operation.
Hotspot: It is an entry point to the Internet, through a wireless local area platform with the help of a router connected to a WiFi support provider.
¿How does it work?
Helium works through a custom consensus tool known as proof of coverage, which gives users incentives to cooperate in validating transactions and ensuring stability.
Likewise, the PoC is supported by the honey badger BFT protocol, it is strictly created for the communication of nodes when situations are not secure.
¿Who regulates Helium?
Being a decentralized network, there is no financial institution that regulates it.
¿Why do people use Helium?
People use helium, as its biggest draw is its economic incentives that offer even more scope for device owners, and some who are drawn into the loT (internet of things) space.
Each entry point provides coverage to the platform in a certain perimeter and separates the initial HNT token from helium.
¿How is Helium different from other Blockchain platforms?
Unlike other networks, Helium has unique helium mining hardware with long waiting lists to purchase each one.
This network is implemented in a decentralized wireless network structured in blockchain.
Finally, it has a completely different cryptographic protocol and use case, unlike the Iota network that tries to obtain it.
¿Where can i buy it?
One of the ways where you can buy HNT is through Binance, since it has a great variety tradable in trade, you can exchange a cryptocurrency, fiat cryptocurrencies or simply use a debit or credit card to buy the stablecoin, they are also allowed bank deposits.
https://www.binance.com/
¿Where to find more information?
For more information such as movements, prices, explorers, contracts and more you can visit the following link: https://coinmarketcap.com/
¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?
