Helium (HNT)

Shawn Fanning, Sean Carey, and Amir Haleem established Helium, Inc or Helium in 2013 with the primary goal of creating a first in the world: a peer-to-peer wireless network. It provides numerous MCUs, sensors, chipsets, and devices a cost-effective option for wireless connectivity. The Helium network is quite popular as proven by its Hotspots around the world – which now totals more than 25,000. The Helium blockchain mainnet was launched in 2019 and immediately grew and spread to other places, including Western Europe and North America. As mentioned above, the network utilizes the PoC algorithm, which is essential for the following functions: Transmitter or Challengee (the target of the challenge), Challenger (the one that creates the challenge), and Witness (the one that reports the presence of transmitted challenge packets). Helium’s Hotspots are physical devices that are vital for broadcasting and mining on the network. These are usually provided by third-party manufacturers.