Blockchain technology is amazing and I believe that Helium is the first physical use of that technology that makes sense. Helium will change the future and help build Internet of Thing (IoT).
The company launched a new device that provides hundreds of square miles of wireless coverage. This is possible by using LongFi technology while mining HNT on the Helium Blockchain. The People’s Network flips the traditional telecom model of building wireless infrastructure on its head. Using a Burn-and-Mint Equilibrium token model, The People’s Network utilizes two units of exchange: HNT and Data Credits.
Technology continues to advance rapidly while traditional networks are complicated and expensive. These old models are consuming and use many valuable resources. The Helium Project is an early adoption to a new type of technology that could change the way our future infrastructure is paved. A project that would take telecommunication giants in the industry decades to accomplish, can be achieved much faster based on this concept.
The roadmap for Helium offers a lot of change and thus challenges. These include changes to Proof-of-Coverage, staking, validators and overall project updates over 2021. The future of Helium is bright as there is more adoption in the world of IoT in general.
Note: At the time of publishing HNT is priced at $18.12 USD and has 32,298 hotspots worldwide.
www.helium.com
www.explorer.helium.com
www.helium.place
www.mapping.network
