There has been a lot of talk in past few years regarding the future of technology and what the world may look like going forward. When talking about new technologies, many agree that both IOT and blockchain play a key role in our future. Many wondering what that future world might look like. Well Helium, a tech startup has built world’s first peer-to-peer decentralized wireless network made for connecting long range, low power devices like smart pet collars, bike trackers, voice assistants, farm sensor, water pump sensor, climate control sensor and etc… It solves the big problem we face today of connecting the IOT industry together.
The Helium Blockchain
The network is powered by the Helium hotspot, owners of the hotspot can connect their hotspots to a network of other Helium hotspots to provide network coverage for millions of Internet of Things devices in your city. In return for providing the devices with network coverage on the Helium blockchain, you are rewarded with the Helium cryptocurrency token HNT as payment.
The benefits of using the Helium blockchain is that anyone can set up a hotspot and start providing value to the network. Helium is private and secure as the data is encrypted from machine to cloud. The projects core technology is open source and uses open-standards, off-the-shelf hardware.
Data credits allow users to send their data by using the LongFi wireless protocol and use for blockchain transaction fees. The price of Data Credits is fixed in USD. Like pre-paid cellphone minutes or airline miles, Data Credits are non-transferrable, and can only be used by their original owner.
To acquire Data Credits, network users convert Helium or obtain them from a Helium owner. Any Helium converted to Data Credits is permanently removed (“burned”) from the circulating supply.
Helium LongFi is a new, open wireless protocol optimized for miles of range, and maximum battery life for low-bandwidth IoT devices.
The protocol allows companies to on-board as many devices as necessary without restrictions. Devices can be mapped by ID’s that are transferred to the blockchain allowing them to connect to other devices long range as long as they are connected to a Helium hotspot.
Being able to transfer data to other devices makes Helium perfect for micro-transactions. Hotspots use LongFi to wirelessly communicate over sub-GHz radio waves (not Wi-Fi, Bluetooth, or cellular) to deliver over-the-air (OTA) firmware updates, and push commands to devices.
The hotspot is the backbone of the network. It provides many square miles of connectivity and as a node for the Helium blockchain which powers the reward system.
Hotspots can support thousands of devices, yet only require about the same amount of power as an LED light bulb (5W).