Helium
Helium is the world’s first and largest decentralized wireless network powered by blockchain. Founded in 2019, Helium is a blockchain-based network for IoT devices that aims to deliver a decentralized, open-source, accessible, and secure wireless platform. Helium is known as “The People’s Network,” owned and operated by the community of users rather than a centralized entity. Helium focuses on wireless networks with an ever-growing constellation of user-owned hotspots, enabling communities to improve their internet and cell coverage without traditional telecom companies.
ABOUT HELIUM
Helium is a blockchain-based, decentralized wireless network that allows people and devices to connect with the internet.
Helium is a prime example of a DePIN project taking advantage of blockchain technology for real world usage.
The network is creating an ecosystem of decentralied networks, functioning as a foundational platform upon which multiple independent networks, such as IoT and 5G, can build and operate.
The network initially launched with an IoT-focused network called LoRaWAN and enjoyed great success, motivating hundreds of thousands of people around the world to deploy nearly 1M “hotspots” providing IoT coverage.
Participants earn Helium tokens by mining and building coverage for The People's Network using compatible hotspots.
Millions of compatible devices can use Helium and each device requires data credits in order to send data to the internet.
The amount of tokens distributed to Hotspots depends on the type of “work” they perform based on the value to the network. This validation of network contribution is accomplished by a new work algorithm called Proof-of-Coverage (PoC).
HELIUM FEATURES
An Open Alternative.
Helium is built on open source technology and governed by its worldwide community with stewardship from the Helium Foundation.
Scalable and Affordable.
Say goodbye to expensive cell contracts. On Helium a sensor can cost cents to run a year.
LoRaWAN-Compatible.
Utilize thousands of existing sensors, chipsets and MCUs for streamlined development.