The Internet of Things will greatly change our everyday lives with its breakthrough. An important building block could be the Helium network. It is decentralized blockchain network for IoT devices.
At the center of the blockchain network of Helium can be used for networking, as well as monetary transactions within the Internet of Things. Helium is thus not only suitable for the providers, but connects them directly with the users,which need Internet for their IoT devices.
Helium uses the Internet we already know today for its work and builds its own decentralized IoT network on top of it, which all users of the Internet of Things can join. All it takes is a Helium minirouter to provide other IoT users with a network for their smart devices.
Verified IoT devices can thus access a common system, be tracked and networked. For example, e-scooters and other devices can access Helium hotspots to save money.
The entire system is designed to be very open and transparent and secure due to the blockchain behind it. The proof-of-coverage algorithm also allows it to be clear at all times whether a hotspot is trustworthy.
Helium’s network is growing immensely. At the beginning of 2021, there were only just under 15,000 Helium hotspots. There are now over 30,000 hotspots all over the world.