Helium

Helium is a decentralized network powering IoT devices through blockchain incentives.

Helium is a decentralized network that incentivizes users to build wireless infrastructure for IoT devices using blockchain rewards.

A decentralized network for "Internet of Things" (IoT) devices. Users buy physical hotspots that provide long-range wireless coverage for low-power devices and earn tokens in exchange for providing that network coverage.

Wireless Network Incentives: Used to reward individuals for setting up and maintaining physical hotspots that provide a global wireless network for IoT devices.

IoT Network Incentive: Used to reward "Hotspot" owners for providing wireless coverage. It uses a "Burn and Mint" equilibrium where the token is burned to create "Data Credits" used by IoT devices to send data.