Helium LoRaWAN – The Future Connectivity
First thing first.
LoRaWAN is the new things in wireless connectivity. It has the capability to cater big area with 200x more distance compared to normal 2.4Ghz WiFi network. Even though there are MESH technology on WiFi, the coverage is quite small. To enable Internet of Things, The People Network has incorporated Helium Hotspot which running on LoRaWAN. This Helium Hotspot has the capabilities to run Helium Blockchain on top of Helium Hotspot to generate Helium HNT coin to be used on it ecosystem.
Helium Hotspots earn HNT coin for building and securing network infrastructure and transferring device data.
The amount of HNT coin distributed to Helium Hotspots by HELIUM Blockchain depends on the type of “work” they perform based on the value to the network. This validation of network contribution is accomplished by a new work algorithm called Proof-of-Coverage (PoC). To participate in PoC, Helium Hotspots receive instructions (or ‘challenges’) to transmit payloads to any nearby Hotspots to witness and verify. These single-hop challenges are also known as ‘beacons’. Helium Hotspots without neighbors earn less as they can only issue Challenges, and are unable to have their beacons verified.