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Helium HNT Helium
Price: $35.943 -6.12%
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Home Market HNT
Helium

Helium (HNT)

Rank #85 Included

Helium Price

$35.943
$35.943

24H Change

-6.12%

7D Change

-11.73%
Low: --
High: --
Helium

Helium

Today Price

$35.943 -6.12% Share it with your friends https://www.coinlook.com/coinlist/helium
Website
Explorers
Source Code
  • Market Cap

    The Product of Crypto number and price

    $3,714,113,622
    -6.05%
  • 24H Vol
    $24,481,446
    -23.98%
  • Circulating Supply

    The Volume of Tradeable and Negotiable Cryptos in Market

    103,309,575 HNT
    223,000,000 HNT
  • 24H High/Low
    $39.177
    $36.455
  • Market Cap Dominance
    0.14 %
  • Turnover
    0%
  • All-Time High/Low
    $55.218
    $0.2533

Helium Chart

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  2. Market Cap
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HNT Markets

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Market News

# Exchanges Pair Price Volume Spread
1 Binance Binance HNT/USDT $36.717 $7,669,998 <0.01%
2 BiONE BiONE HNT/USDT $36.174 $2,882,269 0.22%
3 Binance Binance HNT/BTC $35.933 $1,096,093 <0.01%
4 BKEX BKEX HNT/USDT $36.135 $1,053,802 0.05%
5 Binance Binance HNT/BUSD $35.898 $957,320 <0.01%

About Helium

What Is Helium (HNT)?

Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.

Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.

Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.

Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.

Who Are The Founders Of Helium?

Helium’s three co-founders Amir Haleem, Shawn Fanning and Sean Carey started the company in 2013.

Haleem has an active eSports and game development background. Fanning, by contrast, is well known for developing Napster, the music sharing service which was one of the first mainstream peer-to-peer (P2P) internet services in the late 1990s.

Carey meanwhile held multiple development roles prior to Helium, which included advertising optimization firm Where, acquired by PayPal.

Helium’s team now consists of members which the company says have experience in “radio and hardware, manufacturing, distributed systems, peer-to-peer and blockchain technologies.”

What Makes Helium Unique?

Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature.

Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.

Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT.

The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable.

In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves.

How Many Helium (HNT) Coins Are There in Circulation?

Approximate mining periods of 30 to 60 minutes unlock rewards which are distributed according to a changing growth plan.

Helium explains that at the start, node owners will accrue more HNT for building out network infrastructure, while later on, it will be more advantageous to transfer device data. This adjustment mechanism for token distribution is expected to last for around 20 years.

As of the start of October 2020, there are 48,712,218 HNT in circulation. When the token launched, the supply was zero, with no premine.

How Is the Helium Network Secured?

Helium uses a bespoke consensus mechanism called proof-of-coverage (PoC) which rewards users for contributing to mining (validating transactions) and ensuring stability.

PoC is based on the HoneyBadger BFT protocol, which is specifically designed for node communication when conditions are unreliable.

Helium says that the most likely attack vector impacts node operators in the form of inbound ports of Hotspots. For token holders, the platform’s own wallet uses asymmetric keys to help users with private key security.

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Helium Information Statistics

Price
  • Price
    $35.943
  • 24H Change
    -6.12%
  • 7D Change
    -11.73%
  • 24H High
    $39.177
  • 24H Low
    $36.455
  • 24H Vol
    $24,481,446
Market Cap
  • Market Cap
    $3,714,113,622
  • Market Rank
    #85
  • Market dominance
    0.14 %
Overview
  • Genesis Date
    2019-08
  • Max Supply
    223,000,000 HNT
  • Circulating
    103,309,575 HNT
  • Website
  • White Paper
  • Social