Mining is the process by which new currency are entered into circulation; it is also the way that new transactions are confirmed by the network and a critical component of the maintenance and development of the blockchain ledger.
Powered by the Helium Blockchain, The People’s Network represents a paradigm shift for decentralized wireless infrastructure using Helium’s LongFi technology.
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.
Hundreds of companies and thousands of developers are already building on The People’s Network, the world’s largest, and fastest growing LoRaWAN network. Thousands of existing solutions, sensors, devices and gateways can be easily configured to run LongFi – a powerful blend of LoRaWAN and blockchain technologies.
credits: www.helium.com
credits: www.helium.com
Rewarded to any Hotspot that creates a valid PoC challenge and submits the corresponding receipt to the blockchain.
Awarded to any Hotspot that transmits a POC packet after being targeted by the challenger.
Distributed to all Hotspots that witness a beacon packet as part of a PoC Challenge.
Divided equally among the Validators that are part of the outgoing Consensus Group, responsible for mining blocks.
Awarded to Helium, Inc and other Network investors who hold Security Tokens.
Distributed each epoch to Hotspots that route LongFi sensor data for sensors on the Network during that epoch.