What is the purpose of Helium?
The purpose of the Helium crypto project is to create a decentralized wireless network that enables users to access the internet without relying on traditional infrastructure.
The network is powered by a blockchain-based protocol called Helium, which uses a consensus mechanism called Proof of Coverage (PoC) to incentivize users to deploy and maintain wireless hotspots. These hotspots form the backbone of the network, allowing users to access the internet without relying on traditional infrastructure such as cellular towers or cable networks. The Helium protocol also provides a marketplace for users to buy and sell data services, such as internet access, data storage, and more.
This allows users to monetize their participation in the network by selling their services to other users. Additionally, the Helium protocol also provides an incentive structure for developers who build applications on top of the network. This allows developers to earn rewards for creating useful applications that are used by other users.
Overall, the goal of Helium is to create an open and decentralized wireless network that is accessible and affordable for everyone. By providing an incentive structure for both users and developers, Helium hopes to create a vibrant ecosystem where everyone can benefit from participating in the network.
