Blockchain project Helium announces an excellent start of the new year, with a major milestone of over 450,000 hotspots onboarded. The project saw massive expansion in 2021, and it is now hoping to see an even more successful 2022.
What is Helium about?
Blockchain technology was invented with a single goal — to give power back to the people. Back in 2009, that meant giving them control over their own money, allowing them to manage it themselves, and not be at the mercy of centralized institutions.
Over time, that goal branched out, just like the blockchain itself did, with greater development and the discovery of new features and possibilities. Now, a project called Helium (HNT) aims to take it a step further and create people-powered networks, which would start a wireless revolution by using blockchain technology.
Helium has developed what it calls The People’s Network — a massive paradigm shift for decentralized wireless infrastructure. In other words, the project is not only interested in changing the way the internet looks like Web 3.0 projects are — it aims to change the way it works, entirely.
It created a physical, decentralized wireless network that is paying individuals in Helium coin (HNT) to operate LoRaWAN hotspots. These are Low Power, Wide Area network protocols designed to wirelessly connect IoT devices to the worldwide web. In doing so, it is creating a people-powered network, strengthening communities, and creating a web of shared hotspots system instead of having people rely on big cellular towers to distribute wireless internet connections.
Helium explodes in 2021
Helium’s origins can be traced all the way back to 2013, meaning that the project has nearly 9 years at this point. Back then, three individuals came together in order to build a network that will make connecting devices much easier. The three co-founders — Shawn Fanning, Amir Haleem, and Sean Carey — then managed to launch their project in July 2019, after years of development.
They also launched the HNT coin which started spreading across exchanges in October 2020, only for it to truly explode in 2021. In fact, Helium’s recent announcement stated that 2021 was a huge year for its network, which grew to nearly half a million hotspots from all over the world. At the time of writing, the network has 450,000+ hotspots, it is present in over 30,000 cities spread throughout more than 150 countries.
In other words, the project is growing faster than any network before it, and it may as well become the single biggest network in the world in only a few short years. On top of that, it is, and always will be fully decentralized, transparent, and rewarding for those who run its nodes.
How did HNT perform in 2021?
The project’s token reflected this interest in the network as well, skyrocketing throughout 2021. It did encounter strong resistances here and there, but it also managed to go from a low price of $1.5 on January 4th, 2021, to an all-time high of $52.71 on November 14th of the same year.
While its price did end up crashing by 50% in the following month, it was a market-wide bearish wave that took it down, and ever since its passing, the price has been recovering, currently trying to breach a resistance at $40.
To learn more about this token visit our Investing in Helium guide.
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