Helium (HNT)

Helium (HNT) is a decentralised network provider that allows for the quick and wireless connection between Internet of Things (IoT) devices. Its peer to peer system enables it to live up to its claims of being the “peoples’ network”. This is achieved through users running Helium hotspot devices that will emit a low bandwidth internet connection within their area for devices to connect to and in return they are rewarded with the HNT token. HNT token is burned to create Data Credits which in turn are used to transfer data across the Helium network. HTN utilises a proof of coverage mechanism whereby hotspots are verified on the blockchain as participating in the network.