What is Helium (HNT) Coin
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.
- Helium is a peer-to-peer wireless network that aims to provide a secure and cost-effective way for low-power Internet of Things (IoT) devices to interact with the internet.
- Using Hotspots and other devices for sending and receiving data transmitted from sensors and IoT devices, miners can earn Helium tokens (HNT) by proving they are creating wireless networks in Proof of Coverage Challenges.
- Proof of Coverage is a type of Proof of Work (PoW) algorithm that uses radio waves to validate that Hotspots are providing legitimate wireless coverage.
- HNT tokens are consumed for the generation of Data Credits, which are used for data transmission and token transaction fees.
- The Helium network runs on a blockchain infrastructure with a consensus protocol based on the HoneyBadgerBFT.
How To Buy Helium (HNT) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Hnt coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Helium coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Helium (HNT) Coin
Helium (HNT) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Helium (HNT) Coin Review
You can learn more about Helium (HNT) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://www.helium.com/ Whitepaper http://whitepaper.helium.com/ Github https://github.com/helium Documentation https://docs.helium.com/ Telegram https://t.me/helium_network Discord https://discord.gg/helium Youtube https://www.youtube.com/c/HeliumInc