1.7 KiB
1.7 KiB
| title | description | sidebar_position |
|---|---|---|
| Helium | Detailed information about Helium | 1 |
Helium
Overview
Helium is a decentralized wireless network that enables low-power IoT devices to communicate globally. It uses a unique proof-of-coverage consensus mechanism to incentivize users to deploy and maintain hotspots.
Key Features
- Currency: HNT (Helium Network Token)
- Buying Currency: Available on major exchanges like Binance, Coinbase, and Kraken.
- Utility:
- Used for network transactions and incentivizing hotspot deployment.
- Staking rewards for network validators.
- Automation:
- Proof-of-coverage algorithm automates network validation.
- Utility in the Project:
- Users can earn HNT by deploying and maintaining hotspots.
- Validators can stake HNT to secure the network and earn rewards.
- API: Yes, Helium provides an API for developers to integrate with their IoT applications.
- User Perspective:
- Users can easily set up a Helium hotspot to earn HNT tokens.
How It Works
- Step 1: Users purchase and deploy a Helium hotspot.
- Step 2: The hotspot provides coverage for IoT devices and participates in proof-of-coverage.
- Step 3: Users earn HNT tokens based on the coverage provided.
Staking
- Staking Requirements: Minimum of 10,000 HNT tokens to become a validator.
- Rewards: Validators earn a percentage of transaction fees and block rewards.
Documentation
For detailed documentation, visit Helium Docs.