What is Helium (HNT) and How to Mine It

What is Helium (HNT) and How to Mine It

Helium Systems is an American company which was founded in 2013 to build the world’s first peer-to-peer LoRaWAN wireless IoT network, “The People’s Network”. Helium conceived the LongFi technology that is the combination of LoRaWAN wireless protocol and Helium blockchain. The goal of the Helium network is to create the IoT communication of the future. HNT is a new cryptocurrency Hotspots earn for providing and validating wireless coverage and when devices on the network connect to the Internet through Hotspots. If you intend to start mining you will need a hotspot. There are two ways of getting this hotspot. On the one hand you can bulid your own by buying the hardware and assembling it and using open source software. The second option is to buy one online. There are several types of hotspots available at the moment. Hotspots only use 5W of electricity an hour and provide miles of wireless network coverage for millions of devices around. The yearly electricity costs are around 10 USD. With fiat currencies being impacted by the pandemic and the menace of economic recession, there has been a consistent rise in demand for digital coins, since they are available at lower cost, and more reliable.

Understand Helium (HNT) and How It Works

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What you will learn

• What Helium HNT is and how it works as a global cryptocurrency
• What the Internet of Things (IOT) is and why it was created
• What The People’s Network is and how it functions

Rating: 4.28571

Level: All Levels

Duration: 40 mins

Instructor: Courses ABC