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What Is Helium (HNT)?

Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.

Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.

Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Heliumโ€™s native cryptocurrency token, HNT.

Heliumโ€™s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.

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