Helium is currently trading at $2.1869, after a price change of 6.97% in the last 24 hours.
Ranked as cryptocurrency #93 by capitalization today, HNT market cap is valued at $299,529,552. HNT trading volume reached $3,632,622 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on HNT coin price prediction page.
HNT Coin Price PredictionWhat is Helium?
Helium is an open-source, public blockchain launched in 2013 by Sean Carey, Amir Haleem, and Shawn Fanning. The main objective of this organization is to take wireless connectivity to the next level. This network has a group of blockchain nodes known as Helium Hotspot that also function as a wireless gateway. Members can implement this gateway and receive incentives in HNT tokens — the native cryptocurrency of this platform.
Those who wish to mine HNT need a hotspot to get started. You can buy the hardware components and assemble the hotspot using a software program. Alternatively, you can purchase one from online vendors. Hotspots receive rewards based on coverage data and the amount of information transferred. HNT undergoes a burning process that leads to data credits, an NFT token you can use for trading commissions.
The network uses a version of the HoneyBadgerBFT consensus model. Here, a few elected authenticators receive the orders and reach consensus followed by creating a block and adding it to the chain. This model of a decentralized system encrypts the orders using a public key that is accessible only to members of the consensus group.