The success of the Helium network is dependent on it being able to provide reliable wireless network coverage for the connected devices using the network. It verifies that the Hotspots in the network are physically located where they claim, and that they are honestly representing the wireless coverage that’s being created by the Hotspot for its location.Ī Proof of Coverage transaction in action. Proof of Coverage is the new algorithm that was created for Helium. The Helium blockchain is behind the largest LoRaWAN network in the world, and provides Hotspot incentives in the form of HNT payments. The mainnet for the blockchain was launched on Jand since then it has grown considerably, particularly in North America and Western Europe. The Helium blockchain uses a new consensus algorithm dubbed Proof or Coverage (PoC). It also includes a cloud component, which multiple gateways connect to. It’s not just about the radio waves it’s about how the radio waves communicate with LoRaWAN gateways to do things like encryption and identification. LoRaWAN is a point-to-multipoint networking protocol that uses Semtech’s LoRa modulation scheme. The network is also integrated with the Helium blockchain in order to provide the incentive for running Hotspots.Īfter less than 2 years in operation the Helium network and blockchain already has over 25,000 global Hotspots, making it the largest LoRaWAN network in the world. The network is comprised of Hotspots that provide the public network coverage, and in return are compensated with Helium’s native cryptocurrency – HNT. The Helium Network is a long-range wireless network that is both distributed and global, providing coverage for IoT devices that are LoRaWAN enabled. 11.2 Data Credits and Burn-and-Mint Economics.
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