Helium ICO & Token Sale
- HeliumInternet, Communication, Platform, Other
The idea of an interconnected world (popular as the Internet of Things) is one that excites us all. But, there is one critical challenge to achieving that goal – connectivity.
Although we already have Bluetooth, Wi-Fi, and cellular connections, these networks have proved insufficient. Either they are too expensive, too power hungry, or too limited in range. Put these factors together and you end up with millions of enabled devices with no reliable connectivity platform.
Combining physical blockchain and open-source software, Helium is a Decentralized Machine Network (DMN) designed to allow machines everywhere across the globe to geo-locate themselves and wirelessly connect to the internet without the need for expensive cellular plans or power-hungry satellites.
The connectivity issue that the industry has been struggling with for all these years is caused by the fact that providers have been trying to go it alone. They had to decide the communication structure as well as raise the money to put those plans into actions. Helium takes advantage of blockchain technology to incentivize a two-sided marketplace where both network providers and consumers collaborate effortlessly. The result is that wireless network becomes a community-owned commodity that can be purchased by anyone, at anytime, from anywhere in the world, at a fraction of today’s costs.
Helium is built around five key components;
- Proof-of-Coverage – that allows miners to prove they are providing wireless network coverage.
- Blockchain Network – to identify and authenticate machines. This is the only way to provide cryptographic guarantees of data transmission and authenticity.
- Helium Consensus Protocol – this protocol ensures a permisionless, high-throughput, censor-resistant system.
- Helium Wireless Protocol (WHIP) – designed to be not only long range, but also smart and fully encrypted for end-to-end security.
Proof-of-Location – an energy-efficient system for interpreting the geo-location of a machine using WHIP.