Review on Helium by Özgün A
About the HNT
HNT is a decentralized Blockchain powered coin for Internet of Things devices.
The Helium main network allows low-power wireless devices to communicate with each other and to exchange data over the node network.
You can earn rewards by mining with HNT.
Thousands of companies and millions of developers can integrate with this system, from smart pet leashes to bicycle trackers, air quality and environmental sensors.
It is also now listed on the Binance exchange.
The world's first wireless network system based on peer-to-peer sharing uses Helium's blockchain infrastructure.
Thanks to this system, information such as connection time and connection access points are instantly recorded on blockchains on the system.
Helium project, using the PoC algorithm, verifies the connection locations using radio frequencies. Later, as soon as these verifications are confirmed, new blockchains are added to the system and as a result, you earn HNT.
Pros
- Provides data communication through nodes
- You earn HNT by mining
- Uses the PoC algorithm
- New chains are added automatically thanks to the connection points
Cons
- You may not be safe with location verification
