What is Helium?
Helium is a global, distributed network of Hotspots that create public, long-range wireless coverage for LoRaWAN-enabled IoT devices. Hotspots produce and are compensated in HNT, the native cryptocurrency of the Helium blockchain. The Helium blockchain is a new, open source, public blockchain created entirely to incentivize the creation of physical, decentralized wireless networks. Today, the Helium blockchain, and its hundreds of thousands of Hotspots, provide access to the largest LoRaWAN Network in the world.
Helium Blockchain is a new blockchain built from the ground up to incentivize the creation of decentralized, public wireless networks.It's based on a new, novel work algorithm called Proof of Coverage, and rewards miners in HNT, the native token of the Helium blockchain.
Proof of Coverage
Proof-of-Coverage is a unique work algorithm that uses radio waves to validate Hotspots are providing legitimate wireless coverage.For this validation work Hotspots can earn HNT by verifying network transactions, adding new blocks to the blockchain, and performing other tasks.