Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.
Note: this cryptocurrency is not available for withdrawal to external crypto wallets. It can be bought, held, and sold on Uphold.
About Helium (HNT)
The Helium network is a decentralized, interconnected system of wireless devices, the Helium hotspot, powered by blockchain technology. The native Helium token (HNT) is designed to facilitate the growth and operational efficacy of the infrastructure that powers the network, dubbed by its creators as "the people's network."
The company was created in 2013. Co-founder Amir Haleem, a long-time proponent of a decentralized internet, created a decentralized IoT networking protocol called LongFi.
HNT tokens are an incentive for users to become nodes on Helium’s network.
Network participants who create hotspots are compensated with distributions of HNT tokens.
The linchpins of the infrastructure base are the hotspots comprising two main elements, which are the physical blockchain node and a wireless gateway.
The node serves as a device by which blockchain mining can be conducted by platform users.The wireless gateway functions to connect a user to the network and other devices that make up that network, thereby regulating data traffic between the IoT–Internet of Things.
Overall, a fully operational network of hotspots allows connected devices to use the Helium LongFi wireless protocol to transmit data across large geographical distances, all without having to route data flows through a centralized source.
Haleem along with co-founder Shawn Fanning, one of the original developers of Napster, and Sean Carey all had experience in peer-to-peer internet connectivity services and by virtue of their enterprises were keenly aware of the limitations of wireless communications. WiFi and Bluetooth both seemed overly vulnerable to interruptions, prohibitively expensive, and just not conducive for full, fluid integration of new technological devices.
How to buy Helium (HNT)
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3. Click the link we send you and create a password
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