- https://www.helium.com/
- HNT
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Helium is a company that is using its network to establish global access to internet through efficient hotspots. It provides incentive for this through its "proof of coverage" crypto mining model. By installing a hotspot, the user is connected to the helium blockchain, and the hotpot automatically participates in the mining process.
This proof of coverage addresses the issue that other crypto mining methods have by consuming far less power, and providing more coverage for the helium blockchain and network. The benefits of the helium is that the network isn't only limited to crypto mining. The network can be used for a wide array of solutions, from urban logistics to environmental monitoring.
- I would invest around 30% of my money into it. The concept is solid, and it provides innovative solutions to some of the issues of crypto, but also still retains some of the volatility making a full investment not worth the risk.
- 7
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The concept is simple, but very effective for the problems that Helium is trying to address. The solution seems so elegant, that I expect that they are leaving out the messy details of establishing a wireless network on this scale. The proof of coverage model provides an effective incentive for expanding the helium network, which provides much more benefit than other methods of proof of concept.