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Helium is a blockchain-driven network linking Internet of Things (IoT) devices. The technology facilitates communication among these devices, with data transmission occurring through network nodes. Individuals operating nodes engage in mining activities and receive rewards in Helium’s native cryptocurrency token, HNT crypto. Helium stands as one of the largest LoRaWAN networks, boasting more than 25,000 Hotspots functioning as network nodes. These Hotspots harness the capabilities of both LoRaWAN and a blockchain-based mining device, striving to establish an effective and seamless Internet of Things (IoT) for the future, addressing prevalent issues and shortcomings.
