The Internet of Things is an $800 billion industry, with over 8.4 billion connected devices online, and spending predicted to reach nearly $1.4 trillion by 2021 [1]. Most of these devices need to connect to the Internet to function. However, current solutions such as cellular, WiFi, and Bluetooth are suboptimal: they are too expensive, too power hungry, or too limited in range.
The Helium network is a decentralized wireless network that enables devices anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans. Powering the Helium network is a blockchain with a native protocol token incentivizing a twosided marketplace between coverage providers and coverage consumers. With the introduction of a blockchain, we inject decentralization into an industry currently controlled by monopolies. The result is that wireless network coverage becomes a commodity, fueled by competition, available anywhere in the world, at a fraction of current costs. Our secure and open-source primitives enable developers to build low-power, Internet-connected devices quickly and cost-effectively. The Helium network has a wide variety of applications across industries and is the first decentralized wireless network of its kind.
Helium White Paper
Helium white paper
Helium Whitepaper
helium-whitepaper
What is the Helium Network?
The Helium Network is a global, decentralized network comprising Hotspots that collectively establish wide-reaching wireless coverage for Internet of Things (IoT) devices. Hotspots participate in mining and receive rewards in IOT, a cryptocurrency now operating on the Solana blockchain.
Presently, the Helium ecosystem boasts hundreds of thousands of Hotspots deployed worldwide by a global community. This network represents the largest decentralized wireless network globally. For a comprehensive introduction, you can watch this informative video.
Why is the Helium Network referred to as The People’s Network?
The Helium Network earns its title, “The People’s Network,” because it is constructed and operated by individuals who deploy Hotspots. It thrives thanks to their contributions and is collectively owned by them.
Who oversees the Helium Network, and what is the role of the Helium Foundation?
The Helium Foundation is a global non-profit organization committed to advancing secure, cost-effective connectivity. It manages and upholds the open technologies that underpin the Helium Network. Further insights into governance can be found in the Helium Foundation’s resources, accessible here.
How does the Hotspot function, and what does it empower?
Hotspots empower individuals to possess and manage a wireless network that supports a diverse array of Internet of Things (IoT) devices. These devices range from smart pet collars, home delivery systems, and smart bikes and scooters, to medical transport and tracking devices, cooling systems, smart lighting systems, and more. To gain a better understanding of how Helium works, you can watch this informative video.