Simple Guide about Helium: What is Helium Network
Helium has called the network “The People’s Network” because anyone can buy a device, install it, and operate a hotspot that lets you connect a wide range of Internet of Things (IoT) devices. You are awarded HNT for your participation in the Helium network.
What is Helium?
Helium is a public, open-source blockchain that promotes the development of physical, decentralized wireless networks. You will receive HNT, the Helium blockchain’s native cryptocurrency, if you have a Hotspot.
Launched in July 2019, Helium is a worldwide hotspot network that provides public, long-range wireless connectivity for Internet of Things (IoT) devices.
More about Blockchain technology here.
What is the Internet of Things (IoT)?
IoT is a system that connects various physical objects through hardware and software to exchange information over the internet.
Connecting through an IoT gateway, IoT devices such as antennas, sensors, and microcontrollers can collect data and send it to other devices for analysis and action. The devices that receive the data can be smartphones, tablets, computers, CRM, ERP, and other backend software.
How is Helium network used?
Developers and businesses can now connect a new class of IoT devices that would otherwise be impossible to secure. Such as remote wildfire or environmental sensors, intelligent pet collars, cars, and bikes that can be tracked across any city, thanks to a growing network of Helium network Hotspots around the world.
How can I connect my phone or laptop to the Helium network?
Before 2022, the Helium network could only connect LoRaWAN powered IoT devices. However, as of 2022, smartphones and laptops can connect to Helium 5G and 4G/LTE.
Can Helium replace WiFi?
The Helium network does not replace your WiFi because the Helium hotspots generate a Long-Fi radio signal to devices that require transmitting and sharing small bits of data.
The Helium network has been intended for IoT devices to send data over the internet.
How can I earn HNT?
To earn HNT, you will need to set up a hotspot with a particular device to transfer data from nearby devices. The more data your device transfers, the larger the amount of HNT you will earn. However, the mentioned set will only work if IoT devices connect to your hotspot; otherwise, you do not earn anything.
Another way to earn HNT is to set up your device in the network and participate in proof of coverage (POC). POC is an algorithm that independently verifies the existence of other hotspots and their location. The POC algorithm is the most common way to earn HNT.
With the POC algorithm, you receive a reward for helping the network expand and verify other hotspots.
What device should I use to earn HNT?
There are various devices called Helium miners. The Helium miners such as Bobcat are easy to install and can help you earn HNT.
How to mine Helium?
Helium mining is slowly but steadily becoming a well-known way to earn HNT.
Helium mining has become even more pleasurable since it is different from ETH or BTC mining. Large, expensive, and power-hungry GPUs or ASIC devices are not needed to mine HNT.
As a result, you won’t have to worry about excessive electricity bills or complicated setup procedures. That is to say; an HNT miner will not consume more electricity than your internet modem box. In addition, the setup will be straightforward compared to GPU and ASIC miners.
What do I do with my earned HNT?
You can keep it in your Helium wallet. Otherwise, you can transfer the HNT to another wallet such as Ledger or exchange such as Binance.
Binance will help you earn more HNT by stacking, or you can earn interest with their savings plans. Finally, with Binance, you can also trade the HNT for other cryptocurrencies or fiat currency.
Click here to learn how you can trade your mining rewards.
All the information found in Bochica is free. If the information has been useful, please consider sending us a small gift here because this would help fund the continuation of this website. Thank you for taking the time to read this message.
