What is helium (HNT)?

Helium (HNT) positions itself as a people-powered network to start a wireless revolution. The “people's network” represents a paradigm shift for decentralized wireless infrastructure through the Helium blockchain. The network is currently live with over 462,000 hotspots, being the fastest growing wireless network.

What is HNT and how does it work?

HNT is a cryptocurrency earned when Hotspots provide and validate wireless coverage and transfer device data over the network. Data Credits are used by devices to send data on the network and for blockchain transaction fees. Data Credits are created by burning HNT, are non-exchangeable, and tied to a single-user.

What is the helium network?

The helium network is composed of Helium hotspots, which are similar to an internet router that provides broader and cheaper internet access for everyone. While most cryptocurrency projects are focused on NFTs or blockchain gaming, Helium distinguishes itself for a few reasons:

How does helium work?

Helium connects IoT devices almost in the same way as traditional WiFi works. The network relies on nodes, which are basically hotspots owned and managed by network participants. These participants are Helium (HNT) holders, who are also rewarded with HNT tokens for their participation. Setting up a Helium network is relatively easy.