Highlights
- Frank Mong will be presenting at Ledger Fest
- The people’s network plans to distribute wireless infrastructure across individuals across the globe
- The presentation will be 2 pm PT
About Helium
Helium is a physical blockchain-based decentralized machine network. Gateways, which also serve as miners on the network, build the network. These gateway operators can earn tokens by providing coverage and collecting transaction fees from machines that connect to their gateway. Helium is a brand-new digital currency. Hotspots are compensated for delivering and confirming wireless coverage and connecting network devices to the internet via Hotspots. Helium is mined and given to investors, Hotspot Owners, and Helium Inc. Helium has no coins pre-mined, and around 5,000,000 new helium coins are created every month.
Why Will Helium Present At The LedgerFest Conference?
Helium took to its official Twitter page to announce that its COO will be presenting at the ledger fest conference. This is in a bid to foster the people’s network movement to distribute wireless infrastructure across individuals across the globe.
This Friday, October 22nd at 2pm PT, @Helium COO @fmong will present at the LedgerFest conference on #ThePeoplesNetwork's movement to distribute wireless infrastructure across individuals around the globe, with 245,000 Hotspots and growing. Register here: https://t.co/iBq7Hr7gO0. https://t.co/7NzkLzMwAo
— Helium🎈 (@helium) October 20, 2021
LedgerFest is the annual cryptocurrency conference hosted by Blockchain@Columbia. The goal of the conference is to educate and inspire students and the broader community through fireside chats, talks, and tutorials from the founders and operators of the most prominent blockchain protocols, along with investors in the area. Topics to be discussed are DeFi, web3, layer 1/layer2 research and protocols, NFTs, crypto gaming, the humanitarian and political impact of blockchains, and more.
Achievements By Helium And Future Expectations
Supposing you’ve been following the cryptocurrency sector for a while, you’re apparently familiar with most consensus approaches, including proof of work, proof of stake, and proof of authority, among others. However, it’s doubtful that you’ve heard of evidence of coverage before you’ve heard about Helium. And this is because Helium is currently the lone player in the space industry and is extremely rare.
Because Helium functions similarly to Wi-Fi, it required a consensus technique that would ensure that consumers received a dependable service. As a result, it produces evidence using the same technologies utilized by radios (radio frequencies). A hotspot’s radio frequencies are used to determine how far away users are from the hotspot, and if the user is inside the area and has credits to spend on Helium, the connection request is approved.
They function continuously to maintain good coverage, but they also assist the Helium network in learning about its strength as it progresses through its lifecycle. Suppose it discovers a location where people are requesting connections, but there is no available hotspot. In that case, it will urge miners to build up a hotspot in that location to accommodate the demand. This indicates that it is an autonomous system that does not require the oversight of a third party regularly to progress. In addition, proof of coverage is permission less and decentralized.
At the timing of writing this article, Helium presently trades at $22.63 and has risen by 4.92%. It has a live market capitalization of $2,624,196,666,648 and a 24-hour trading volume of $105,085,070,309. It is currently ranked #60 according to Coin Market Cap.
