The Helium Blockchain

The Helium Network officially went live on July 29, 2019 and is growing quickly across the United States (and soon the world). You can view the progress of the network here.

The network is powered by the Helium hotspot, owners of the hotspot can connect their hotspots to a network of other Helium hotspots to provide network coverage for millions of Internet of Things devices in your city. In return for providing the devices with network coverage on the Helium blockchain, you are rewarded with the Helium cryptocurrency token HNT as payment.

The benefits of using the Helium blockchain is that anyone can set up a hotspot and start providing value to the network. Helium is private and secure as the data is encrypted from machine to cloud. The projects core technology is open source and uses open-standards, off-the-shelf hardware.

Tokenomics

The tokenomics of Helium consists of two units of exchange. The Helium token HNT and Data credits.

Helium Token HNT

The Helium is mined and then distributed to Hotspot Owners, Helium Inc, and investors. Distribution happens every 30-60 minutes. The ratio of distribution is illustrated below.