Exchange Helium

What is Helium?

Helium (HNT) is a decentralized blockchain-powered network built to support the Internet of Things (IoT) and provide wireless coverage with the help of nodes. The project was founded by Shawn Fanning, the co-founder of Napster, and Amir Haleem, former CTO at Loku in 2013 but was launched in July 2019. It aims to create a global, cost-effective, and reliable wireless network, enabling various applications by incentivizing the expansion of its network through the proof-of-coverage consensus mechanism.

Key Features of Helium

• Proof-of-Coverage: Helium relies on an original consensus mechanism called proof-of-coverage (PoC), which reinforces network coverage by rewarding Hotspot owners for providing wireless connectivity.
• LongFi: Developed to enhance wireless communication, LongFi serves as a low-power, long-range wireless protocol for IoT devices that require extensive coverage.
• Incentive Mechanisms: Users and investors can earn HNT rewards by mining through Hotspots, in turn supporting the network's growth.

Use Cases:

• IoT Applications: HNT crypto supports various IoT applications, enabling devices to connect to the internet and each other seamlessly.
• Asset Tracking: It allows real-time tracking of assets by ensuring secure and efficient communication between devices.
• Smart Cities: Helium's network facilitates the development of smart city projects by providing the necessary infrastructure for efficient communication.

Average Helium Network Transaction Fee

Typically, the median cost for transferring a digital asset over the Helium Network will be around 0.00001 HNT. This equates to approximately $0.00085, based on current exchange rates. However, the final fee may vary marginally due to fluctuations in the exchange rate of HNT.

HNT Coin Wallets

• Helium Mobile Wallet: Ideal for swift HNT transactions, secure node management, and instant balance checks.
• Trust Wallet: A reliable and secure option supporting HNT and other cryptocurrencies.
• Ledger Nano S/X: Hardware wallets boasting enhanced security for HNT holdings alongside other cryptocurrencies.
• MyEtherWallet/MetaMask: Web wallets ensure convenient access to HNT, including options for Ethereum-based transactions.
• AnyHNT Wallet: Offering versatile functionalities for HNT management, with multiple security features. Swap Helium with a range of cryptocurrencies on SwapSpace, ensuring a seamless and secure exchange process.