Helium is a decentralized wireless network (Decentralized Wireless Network) created in 2019 by Amir Haleem to route data for long-range IoT devices. Helium is blockchain-based with a proof-of-coverage protocol and a new consensus algorithm built on HoneyBadger BFT.
Helium’s technology allows low-power smart devices to send and receive data to the internet via nodes. These nodes are called Hotspots, a combination of wireless gateway and blockchain mining equipment. Users who operate Hotspots can mine and receive Helium Tokens (HNT) as rewards.
Helium Token (HNT) is a utility token belonging to the Helium network and is used for the following purposes: