What is the Helium Crypto Network? | My Experience Mining Helium

helium crypto network

In this Wealth Mastery Crypto Review, we’ll discuss the following topics about Helium Network:

  1. What is the Helium Crypto Network?
  2. How Does Helium Crypto Work?
  3. Is Helium Network 5G?
  4. Should You Mine Helium?
  5. Is Helium HNT Crypto a Good Investment?

What is the Helium Crypto Network HNT?

helium

The Helium Crypto Network has taken the torch and dubbed itself “The People’s Network”. This is because the Helium Network relied solely on humans to secure the network when it first launched. On Helium, this is accomplished with specialized devices called “Hotspots”. Helium uses a new algorithm called Proof-of-Coverage (PoC) to secure the Helium Network through these devices. Hotspots have a multipurpose utility which we’ll get into later on, but, due to numerous changes and challenges in the Helium Network, it's no longer able to carry that torch. With the introduction of Proof-of-Stake validators for HNT tokens, Helium added an entirely new gatekeeper to the growth of its network. By staking Helium, users have become validators and broken away from human-only Proof-of-Coverage consensus. Helium and the self-proclaimed Decentralized Wireless Alliance are at the helm of this ship, and as majority shareholders, it was in their interest to create validators. That's just how the game is played.

helium crypto

Images Courtesy of helium.com

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    1. The transition to Solana can only be a good thing for Helium and its holders. However, there’s still a lot of concerns when it comes to the functionality and, more importantly, the legality of LoRaWAN technology. Something to consider if you’re looking at Helium as a valuable long-term asset. As far as developments in Helium MOBILE and the access to 5G network growth. While I haven’t done a complete deep dive on the product yet. I know 5G to be the most competitive market in tech right now. With Trillions of dollars invested by the largest tech firms on the planet. With the $20/Month service launched less than a month ago, it’s too soon to know it’s full limitations. But, I will keep a close eye on this service and give you an update if I notice anything positive on the horizon.