Crypto

Helium Network Hits the (Hot)Spot

Wireless hotspot
source: pixabay.com

The global reliance on mobile phones continues to grow each year. In 2021, the number of operating mobile devices worldwide stood at nearly 15 billion, an increase of nearly 1 billion from the year before. We rely on our mobile phones for internet use more than ever before. Nearly 50% of all internet connections are done through mobile phones. Mobile internet usage equates to more than 4 billion connected people, 225 million more compared to 2019, and up from a third of the global population in 2015.

Set to be at the forefront of the wireless evolution is the Helium network and its native token the HNT.

The Helium network is the world’s first peer-to-peer wireless network that provides a secure and cost-effective way for low-power Internet of Things devices to send data to and from the Internet. It is a global decentralized wireless network, based on the technology LoRaWAN that has its own cryptocurrency – HNT. Anyone can buy Helium hotspots and become part of the network, earning HNT.

With more than 357,000 hotspots, and growing daily, Helium’s presence includes all major cities worldwide, helping it to become the world’s fastest-growing wireless network ever created.

The low-power wireless infrastructure means that HNT is not an ordinary cryptocurrency. HNT is more eco-friendly compared to most other cryptocurrencies and is not generated by the traditional GPU mining method. Instead, every hotspot antenna provides coverage as part of the Helium network and continuously generates HNTs which is a great passive income opportunity for all antenna owners whilst helping do your bit for the environment.

Helium hotspot miners are rapidly becoming ‘a thing’ within the crypto community. Online stores such as HeliumMart, the Bulgaria-based one-stop-shop for Helium hotspot miners are proving increasingly popular As the network grows, Hotspots earn more for transferring device data on the network while Helium Inc and investors earn less.

In the wireless age we live in and the wireless future ahead of us, the Helium network and its native token, the HNT, look set to be at the forefront of the new wireless economy.

About the author

Ben

Ben is an experienced trader having worked for HSBC and Bank of Ireland. Ben takes a keen interest in the financial markets, and is a regular forex and cryptocurrency trader and commentator

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