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Helium Stock

Helium

HNT

Price

1.79
Today +/-
+0
Today %
+0 %

Helium Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BitonExHNT/USDT2.3156,495.0585,483.623.7 M0.37cex23
GateHNT/USDT2.3194,031.6103,961.151.91 M0.08cex455
Bit2MeHNT/USDT3.397,575.9211,000.781.3 M0.12cex236
OrangeXHNT/USDT2.3121,490.0917,720.931.15 M0.17cex430
MEXCHNT/USDT2.333,891.673,711.57688,565.740.03cex169
XXKKHNT/USDT2.33569.9317.82674,697.060.05cex1
BybitHNT/USDT2.3174,015.2710,141.02584,693.990.03cex307
VOOX ExchangeHNT/USDT2.33786.54836.85536,108.410.09cex6
Coinbase ExchangeHNT/USD2.3235,851.5159,135.25501,8770.03cex426
JuCoinHNT/USDT2.312,678.544,892.23431,542.090.03cex255
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Helium FAQ

### What Is Helium (HNT)? Helium (HNT) is a decentralized blockchain-powered network designed to enable low-powered wireless devices to communicate with each other and send data across its network of nodes. The network relies on a unique incentive model where owners of wireless gateways are rewarded in HNT for providing connectivity to the Internet of Things (IoT) devices. This innovative approach helps to create a highly scalable and affordable network infrastructure. For further details, you can explore more about Helium on Eulerpool.

Helium (HNT) is a decentralized blockchain-powered network designed for Internet of Things (IoT) devices. Since its launch in July 2019, the Helium mainnet has enabled low-powered wireless devices to communicate and transmit data across its network of nodes. These nodes are known as Hotspots, which function as a combination of a wireless gateway and a blockchain mining device. Users operating these nodes mine and earn rewards in Helium’s native cryptocurrency token, HNT. The objective of Helium is to advance IoT communication by addressing inadequacies in the existing infrastructure, a vision that has been in place since the project's inception in 2013. Visit Eulerpool for more information.

### Who Founded Helium?

Helium was founded in 2013 by the three co-founders Amir Haleem, Shawn Fanning, and Sean Carey. Amir Haleem brings a background in eSports and game development. Shawn Fanning is renowned for creating Napster, the music-sharing service that was one of the first major peer-to-peer (P2P) internet services in the late 1990s. Sean Carey, on the other hand, held various development positions before joining Helium, including with the advertising optimization company Where, which was acquired by PayPal. Helium’s current team is comprised of individuals whom the company describes as having expertise in "radio and hardware, manufacturing, distributed systems, peer-to-peer and blockchain technologies."

What Distinguishes Helium?

Helium is designed to enhance the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, the infrastructure surrounding IoT was still developing, but the developers sought to incorporate decentralization into their solution, thus branding it as “The People’s Network” in official documentation. The primary appeal of Helium lies with device owners and those interested in the IoT sector, with financial incentives broadening its potential reach. Participants in the network either purchase or build their own Hotspots—a combination of a wireless gateway and a miner. Each hotspot offers network coverage over a specific radius and simultaneously mines Helium’s native token, HNT. The network operates on proof-of-coverage, an innovative consensus algorithm based on the HoneyBadger BFT protocol, which enables nodes in a network to reach consensus even when connection quality varies significantly. Apart from HNT, users pay transaction fees using a separate token known as Data Credits. These credits are non-exchangeable and are individually tied to users.

What is the Circulating Supply of Helium (HNT) Coins?

Mining sessions lasting approximately 30 to 60 minutes release rewards, which are allocated based on a dynamic growth strategy. Helium outlines that initially, node operators will earn more HNT through the development of network infrastructure. As the network evolves, transferring device data will become more rewarding. This distribution adjustment mechanism for tokens is anticipated to continue for nearly two decades. As of early October 2020, the circulating supply of HNT stands at 48,712,218. At the token's inception, the supply started from zero with no premine involved.

How is the Helium Network Secured?

Helium employs a specialized consensus mechanism known as proof-of-coverage (PoC), which incentivizes users for participating in mining (transaction validation) and maintaining stability. PoC is founded upon the HoneyBadger BFT protocol, which is tailored for node communication under unreliable conditions. According to Helium, the primary attack vector affects node operators through the inbound ports of Hotspots. For token holders, Helium's native wallet utilizes asymmetric keys to assist users with the security of their private keys.

Where Can You Purchase Helium (HNT)?

HNT is a tradable token available on major exchanges as of October 2020. Significant trading pairs are active on Binance, including USD and stablecoins like Tether (USDT). New to cryptocurrency? Explore our straightforward guide to purchasing Bitcoin (BTC) or any other cryptocurrency on Eulerpool.

Investors interested in Helium are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.