Helium — People Powered Networks — A Wireless Revolution
We are in a digital age of connected world. IoT ( Internet of Things) devices helping to build smart cities and connected communities, but these devices need internet connectivity. Centralized network infrastructure or cellular network to connect IoT devices in all places is not a cost effective solution. Helium People powered network is a decentralized wireless network that enables devices to connect wirelessly to internet anywhere in the world and geolocate themselves. This network is a blockchain with a native protocol. The blockchain runs on a new consensus protocol, called the Helium Consensus Protocol. In simple terms, connecting different mobile hotspots as a long-range bridge through purpose-built hardware (Helium Hotspot device). This project is targeted to create IoT network across the world.
The Miners, who are providing Helium wireless network coverage in a cryptographically verified physical location. In addition to the blockchain protocol, the Helium Wireless Protocol (WHIP) provides a bi-directional data transfer between wireless devices and the Internet via a network of independent providers, where devices pay to send & receive data to the Internet and geolocate themselves, miners earn tokens for providing network coverage and earn fees from transactions for validating the integrity of the Helium network. Helium network is a kind of proof, called Proof-of-Coverage.
This project makes worldwide IoT network possible without building classical centralized wireless infrastructure. Involving all common people like you and me by rewarding (HNT — Cryptocurrency) to our investment and efforts in building this network.
The distribution of HNT changes over time to align incentives with the needs of the network. In the early days, a higher portion of HNT is allocated to hotspot owners for building and securing coverage.
Joining the Helium People’s Network is an exciting step in constructing a worldwide network for IoT devices, which is the future. In this connected world, all devices will be connected and if we are fortunate, Helium will be the network used for most of these devices.
However, we need to analyze and understand the platform before we invest to buy Helium hotspots. If you have only one hotspot in your area, it will not reward you well. At least two hotspots should be installed in at least 300-to-500-meter radius to reap rewards. To maximize your rewards, need to reach 4 other hotspots. If you do not have anyone around your area, convince your friends to do the same investment to get mutually benefitted.
Helium network protocol divided the world into regions and each region is represented as hexagon. Every Hexagon has limit of having 4 hotspots, which will give optimal results.
Before you plan to order a hotspot. Follow the below checklist.
1. Selection of good area is more important to reach more other hotspots and providing quality coverage for many devices will be more rewarding. The below websites can give you an idea about choosing the right area. Your line of coverage should be showing green line.
2. Helium is not manufacturing hardware. There are different manufacturers of hotspots. 1. Cal-Chip Rak 2. Nebra, 3.Bobcatminer & 4.SyncroB.it :: Landing
3. If you have only one hotspot and there are no other hotspots around you, you will get only 1 HNT token a day, two hotspots — 4 HNT and 5 hotspots — 10 HNTs per day. HNT token as of now worth of 4 USD. The risk involved is Crypto currency value varies and if you have too many hotspots in your area, rewards may go down. Helium price, HNT price index, chart, and info | CoinGecko
In conclusion, it is a people’s network and going to progress rapidly to build global wireless network at optimal cost for smarter cities and connected community. It is going to be rewarding and exciting to be part of it. Hope this information helps you to analyze and invest in this People Powered Networks — A Wireless Revolution.
