Helium Market Statistics
- Market Cap: $1,417,401,250
- Volume (24h): $15,523,784
- Volume/Market Cap (24h): 1.10%
- Circulating Supply: 160,875,442 HNT
- Total Supply: 160,875,442 HNT
- Max Supply: 223,000,000 HNT
- Fully Diluted Market Cap: $1,964,752,824
- Rating: 3.7 (Based on 3 institutional ratings)
About Helium
What is Helium?
Helium (HNT) is a pioneering blockchain-powered network exclusively designed for Internet of Things (IoT) devices. It enables low-powered wireless devices to seamlessly connect and exchange data within a global network of nodes.
Nodes: The Pillars of Helium
These nodes take the form of “Hotspots,” which incorporate both a wireless gateway and a blockchain mining device. Operators of these Hotspots contribute to the network by providing coverage and validating transactions on the Helium blockchain. In turn, they earn rewards in HNT.
The Origins of Helium
Helium was conceived in 2013 when its founders, Amir Haleem and Sean Carey, recognized the shortcomings in existing IoT infrastructure. Their vision was to establish a robust, decentralized network tailored specifically to the needs of IoT devices.
Helium’s Unique Features
- Decentralization: No single entity controls the network; it is community-governed.
- Low Power Consumption: Helium devices are designed to conserve energy, allowing for long-term operation.
- Scalability: Helium’s architecture is designed to handle massive amounts of data from IoT devices.
Tokenomics: The HNT Cryptocurrency
HNT is Helium’s native cryptocurrency. It powers the network’s rewards system, with Hotspots earning HNT for providing coverage and processing data. The distribution of HNT is designed to incentivize network participation and growth.
Security: The Foundation of Helium
Helium employs advanced cryptographic techniques, including Proof-of-Coverage and Proof-of-Data-Transfer consensus mechanisms. These mechanisms ensure the integrity and security of the network, protecting it from malicious attacks and ensuring the reliability of data transmission.
Acquiring Helium (HNT)
HNT is available for purchase on a range of cryptocurrency exchanges. By joining the Helium network, individuals can contribute to its growth and reap the benefits of its decentralized architecture.