What is the Helium network?Updated 4 months ago

The Helium Network is a decentralized wireless Internet of Things (IoT) network using the LoRaWAN system, tied to the cryptocurrency Helium Network Token (symbol HNT).

Nodes on the network are generally owned and placed by individuals in their homes or offices, and they are rewarded for participating in the network in payments of HNT.

Helium is a blockchain-based network that connects IoT devices. Helium technology enables communication between the devices, while the system sends data across the network nodes. The nodes that compose the network are known as Hotspots in the Helium system.

The Helium blockchain is a new, open-source, public blockchain created entirely to incentivize the creation of physical, decentralized wireless networks. Today, the Helium IoT Network, and its hundreds of thousands of Hotspots, provide access to the largest LoRaWAN Network in the world.