Thread by @BenHODL

GM everyone.

At the request of @cryptoavon, today’s coin breakdown is on @helium ( $HNT ). If you have any coins you would like to be featured, comment below.

$BTC $ETH $ROSE $BNB $XRP $DOT $DOGE $ADA $ONE $ZIL $ONE $MATIC $SHIB #VET #SAFEMOON

#1 The @helium ( $HNT ) network is a decentralised wireless network that enables devices anywhere in the world to wirelessly connect to the internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans.

#2 The mechanism powering the @Helium network is a blockchain with a native protocol token that incentivises a two-sided marketplace between coverage providers and consumers. $HNT

#3 Using a blockchain in the @Helium network means that the entire process is decentralised. @Helium injects decentralisation into the network to disrupt an industry controlled by monopolies. $HNT

#4 This results in wireless network coverage becoming a commodity fueled by competition available to anyone, anywhere in the world. The network's open-source nature enables developers to build low-power, Internet-connected devices quickly and cost-effectively. $HNT

#5 @Helium use unique consensus mechanisms: $HNT

- Proof-of-Coverage (PoC).
- Proof-of-Serialization (PoSZ).
- Proof-of-Location (PoL).

#5.1 PoC

- Proof-of-Coverage is a computationally inexpensive mechanism that allows miners to prove that they are providing wireless network coverage. $HNT

#5.2 PoSZ

- The proofs from PoC are then anchored using the Proof-of-Serialization mechanism that allows miners to prove that they accurately represent time relative to others on the network in a cryptographically secure way. $HNT

#5.3 PoL

- Proof-of-Location is used for interpreting the physical geographic location of a device without the need for expensive and power-hungry hardware. Devices can make immutable, secure, and verifiable claims about their location at a given moment in time. $HNT

#6 @Helium is a people-powered network. The $HNT network represents a paradigm shift for decentralised wireless infrastructure.

#7 @Helium is the largest public LoRaWAN network in the US and is now available in Europe. The range is optimised for devices running on Helium LongFi. Devices can communicate 200x further than WiFi at a fraction of the current connectivity costs. $HNT

#8 @Helium offers a new way to mine cryptocurrency. By deploying a simple device in your home or office, you can provide your city with miles of low-power network coverage for billions of devices and earn a new cryptocurrency, $HNT.

#8.1 $HNT mining with hotspots is done via radio technology and not expensive and wasteful GPU’s. Hotspots work together to form a new global wireless network and they are built by a variety of vendors to suit your needs.

#9 $HNT is the platforms native token, here is a breakdown:

CS: 106,089,595
TS: 223,000,000
MS: 223,000,000
Price: $33.42
Market cap: $3.5B

#10 Here is a comparison of $HNT to cellular competitors:

#11 The $HNT network is already up and running and thriving:

#12 My final thoughts: $HNT

I love the idea that @helium is working on. The cellular and WiFi industries are currently dominated by a handful of companies with a monopoly on the network and its prices.

#12.1 Disruption of this is a desirable outcome. If there is a possibility of creating a more accessible and cost-effective decentralised P2P network that the users run, I believe it's worth doing. $HNT