Millions of compatible devices can use The People’s Network and each device requires Data Credits (DC) in order to send data to the Internet. Fixed in value, DC are created by ‘burning’ HNT, reducing the total supply to achieve a Burn and Mint Equilibrium. The more devices using DC, the more HNT will be burned.
Helium’s wireless network based on LoRaWAN is best suited for low-power scenarios like sending data to and from sensors using low-cost radio waves, eliminating reliance on more costly networks like cellular and WiFi. It’s fully peer to peer and leverages a robust network of hotspots connected to the network.
With just 100 to 200 hotspots, the network can usually cover most cities. In return for hosting hotspots, hosts can earn $HNT for providing access to the LongFi network.
