Helium Price

Helium is a pioneering blockchain-based network designed specifically for the IoT sector. The project's fundamental goal is to establish a decentralised infrastructure that enables low-power, wide-area networks, allowing devices to communicate reliably over long distances. Unlike traditional cellular networks, Helium provides a unique platform for IoT devices to operate independently and efficiently, without reliance on conventional connectivity solutions.

The Helium network employs a sophisticated consensus model known as Proof of Coverage (PoC). This mechanism enables users to participate in the network's growth and maintenance by deploying devices known as Hotspots. These Hotspots function dually as access points and miners, contributing to the network's capabilities while being rewarded in Helium’s native cryptocurrency, HNT.