HIP 83 is now live for voting!
Want to learn more about this HIP? Keep reading this thread 🧵 HIP 83 suggests changing the way witnesses are rewarded on the IOT network. Instead of random selection, the proposal aims to reward the first 14 Hotspots that respond to a transaction. Let's dive into the details ⬇️
#Helium #HIP83

📢 ATTENTION!
The Helium Network is officially migrating to @solana on March 27th! Are you ready?
Ensure that you've migrated to the Helium Wallet app for a smooth transition. Keep Hotspots active and online to receive IOT tokens.

More in this thread🧵👇
blog.helium.com/the-next-era-o… @solana 🌐 The @solana network will allow Helium to access:
- Solana Governance Primitives, like @Realms_DAOs
- A smart contract ecosystem w/ a robust interest in DeFi and NFTs
- Greater scale, transaction speed, & network reliability with Oracles for Proof-of-Coverage and Data Transfer

LoRaWAN and 5G Hotspots - @helium Explains The @helium IoT and 5G Networks serve the needs of two separate industries.

This week the @helium Network was severely tested. The core developers and Helium community have worked together to address multiple challenges that have resulted from its unprecedented growth. A more detailed, engineering-specific post-mortem will be published later this week, but we wanted to provide initial details on these incidents so everyone could have some early context on what happened.

Helium Explains: The @helium Token The @helium Network connects #IoT (and soon 5G) devices in ways never before possible and at a fraction of the cost of cellular, without users needing to deploy and maintain wireless infrastructure.

Helium Explains: The @helium Token The @helium Token is the native cryptocurrency and protocol token of the Helium Blockchain. Its symbol is $HNT. The first $HNT was produced on July 29th, 2019 at 09:43pm UTC as part of the Network's genesis block. Prior to this date, there was no premine of $HNT.

Helium Explains: $HNT Mining Rewards Hotspots earn $HNT for building and securing network infrastructure and transferring device data. The amount of $HNT distributed to Hotspots depends on the type of “work” they perform based on the value to the network. Here’s a full breakdown of $HNT mining rewards.

One of the more unique aspects of the @Helium Network is the Consensus Protocol. Proof-of-Coverage (#PoC) is used for sybil resistance and to periodically select a new #HoneyBadgerBFT group. Ask any Hotspot host and they will tell you how they dream of joining the coveted Consensus Group - a small group of Hotspots on #ThePeoplesNetwork that receives 6% of all $HNT mined per epoch.

Following our thread on the work of a Challenger in Proof-of-Coverage (PoC), it’s only fair we take a look at the Challengees who are key to successfully transferring packets, completing PoC challenges and earning $HNT! The role of the Challengee is to prove to the Challenger that they are actually creating network coverage that #LongFi devices can use. For successfully responding to these challenges, the Challengee is rewarded in newly minted $HNT.

The other day we shared a thread on the 5 types of work a Hotspot can perform to mine $HNT. Today we take a look at the work of a Challenger in Proof-of-Coverage (PoC). Challenges are used by PoC to validate wireless coverage. As a Challenger, your Hotspot is chosen by the network to create a challenge, or encrypted multi-layer packet, over the Internet.

How exactly do Hotspots mine $HNT? You asked. We answer.

The amount of $HNT Hotspots mine depends on the type of “work” they perform based on the value to the network. This validation of network contribution is accomplished by a new work algorithm called Proof-of-Coverage (PoC). There are 5 types of work a Hotspot can participate in:

1. PoC CHALLENGER: Hotspots are chosen by the network to issue “challenges”, or encrypted messages, over the Internet to a target group of Hotspots. Challenges are used by PoC to validate wireless coverage.