Helium (HNT)

by research goldshell   December 2, 2022   REPORT

66 | A Decentralized Wireless Network for the Internet of Things.

Helium is a peer-to-peer wireless network that aims to provide a truly decentralized and trustless model for building wireless infrastructure.

Using Hotspots and other devices for sending and receiving data transmitted from sensors and IoT devices, miners can earn Helium tokens (HNT) by proving they are creating wireless networks in Proof of Coverage Challenges.

Proof of Coverage is a type of Proof of Work (PoW) algorithm that uses radio waves to validate that Hotspots are providing legitimate wireless coverage.

HNT tokens are consumed for the generation of Data Credits, which are used for data transmission and token transaction fees.

The Helium network runs on a blockchain infrastructure with a consensus protocol based on the Solana chain.

The Helium network has the following features:

An open alternative: The People’s Network is built on Open Source technology and governed by an open alliance.

Proof of Coverage: A mining mechanism that uses radio waves to verify network coverage.

LongFi: Combines the Long Range Wide Area Network (LoRaWAN) wireless protocol with Helium blockchain so any LoRaWAN device can transfer data over the network.

Helium 5g: The Helium Network is growing, you can also earn MOBILE for providing cellular connectivity for others.

Project team

Below shows a list of Helium’s executive team members:

  • Amir Haleem
    CEO & Co-Founder
    Former CEO at Diversion, Director at Global Gaming League, and Lead Game Designer at EA Digital Illusions.
  • Marc Nijdam
    Founder of Imajine, former Senior Principal Engineer at Yahoo!, and Senior Director of Product Tech at Qualcomm.
  • Frank Mong
    Advisor at HackerOne, former Senior Product VP at Palo Alto Networks, VP and General Partner at HP Security.
  • Andrew Thompson
    VP of Engineering
    Former Database Architect at Basho.
  • Mark Phillips
    VP of Business Development
    Former Director of Community at Basho.


If you would like Goldshell Research to consider your project, please send a summary of your project along with a pitch deck and/or whitepaper to research@goldshell.com

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