Helium Crypto: Connecting Trustless and Private Data for All
In today’s tech-connected world, concepts such as the Internet of Things (IoT) are gaining more attention by the day. Within the IoT, not only electronic products such as computers, smartphones, tablets and TVs, but everything we use in our home or at work or see on the street becomes connected. With the IoT, it’s possible to access and control data for each object remotely. While giant corporations like Amazon also provide IoT frameworks, decentralized blockchains like Helium and IOTA aim to bring trustless and private data to everyone.
What Is Helium?
Helium network is a peer-to-peer (P2P) blockchain-based network that aims to provide a safe and cost-effective way to connect low-power IoT devices via a low-range, wide-area wireless technology called LoRaWAN to interact with the internet.
Co-founded by Shawn Fanning, Sean Carey, and Amir Haleem, Helium's goal is to optimize IoT wireless communication and prepare it for the decentralized future. This means that millions of wireless devices worldwide will be able to connect to the internet at a low cost. Dubbed “The People’s Network”, Helium aims to help local businesses reach out to a wider audience via cheaper and more powerful wireless connections.