5G and Crypto Projects (Helium – HNT)

Helium 5G was launched back in 2013 to make the world a more connected place through a global wireless network.   

According to a report by The Helium Blog, “We decided to focus our preliminary efforts on an open-source wireless protocol, LoRaWAN, purpose-built for the internet of things (IoT) devices and sensors.”   

We cracked the barrier of conventional centralized network buildouts by adding the open-source Helium blockchain and 5g crypto coins by expanding the cost across a decentralized ownership model, the report highlighted.  

HNT, the native cryptocurrency of the Helium Network, which is Google-backed startup Helium, began the flywheel of a people-powered network to roll out globally.   

According to the report, the Helium Network, also known as “The People’s Network,” is live with 28,000+ helium 5G Hotspots in over 3,800 cities worldwide.   

In addition, there are also another 200,000+ Hotspots on backorder from a thriving environment of Hotspot factories that will be deployed very soon.   

The Helium Network is still well on the path of becoming the fastest-growing global network and most extensive, with a strong forecast for over 600,000 Hotspots in the next 18 months.   

It is worth mentioning that the best part is that accelerated growth is almost all community-driven worldwide.   

Helium’s hard work and planning to build a decentralized wireless network to power (IoT) devices seems to be succeeding, with over 640,000 active nodes earning tokens worldwide. The project is developing into 5G connectivity, and its partner FreedomFi just added allies like tech giants Samsung and Qualcomm in a new funding round.   

Freedom announced – that it’d raised $9.5 million in Series A round to continue building its decentralized 5G network alongside Helium. Samsung’s Next venture arm participated in the round alongside Qualcomm Ventures and Blueyard Capital.   

On the same note, Helium 5G will be the second most crucial wireless network that the Helium Network supports. Suppose a customer has a phone that maintains the fifth-generation network, such as Samsung Galaxy or an iPhone; in that case, the customer will soon be able to connect through helium 5G Hotspots.   

5G is considered one of the most crucial technologies of this decade because it is a geopolitical issue because it is thought of as an infrastructure arms race. All countries and institutions are eager to have the fastest internet connection.  

5G Cryptocurrency   

How are 5G and cryptocurrency-related? To have a clear picture, we can take the example of Helium which is launching a dispersed 5G network operated by crypto-mining nodes run by users mining 5G crypto coins.  

Therefore, Helium allows users to earn cryptocurrency by running their connections, which power connectivity for IoT devices such as sensors and trackers.   

Last year, the decentralized open wireless network announced a collaboration with open-source connectivity hardware maker FreedomFi to launch Helium 5G. The new partnership aims to start a new service that employs a spectrum different than the existing LongFi network designed for IoT hardware.   

Thus, the new Helium 5G network will be able to support calls from 5G-powered smartphones and other compatible devices.   

The Helium 5G network will depend on a dispersed network of user-operated nodes, which will provide connectivity for local users. As those users tap into the 5G signal provided by the nodes and calls are routed through them, the operators will mine Helium’s HNT cryptocurrency as a reward.    

FreedomFi anticipates an end-to-end gateway 5G node to cost between $1,000 and $5,000 to get up and running, relying primarily on the 5G radio within.   

Hotspot manufacturer Bobcat Miner is establishing a Helium- and Citizens Broadband Radio Service (CBRS)-compatible hotspot built using FreedomFi’s firmware. The new machine called the “Bobber 500” is set to begin this April by mining HNT cryptocurrency, by delivering both LoRaWAN wireless coverage and cellular.   

“We want to be the trusted counterpart to hardware merchants and telecom operators seeking to guide this space,” said FreedomFi’s Co-Founder and CEO Boris Renski.  

With the new emerging virtual world, digital currencies are emerging as fast as the new emerging generations of internet.