Can Helium (HNT) make money from Wireless Hotspots?

Helium (HNT) is a cryptocurrency associated with a decentralized network of wireless hotspots.

A hotspot is a device that connects other devices to the internet or the blockchain through wireless signals. For example, a Bluetooth. Many of us have wireless hotspots in our homes or workplaces.

Predictably, hotspots are a critical component of the Internet of Things (IoT). The IoT comprises devices connected to the internet through wireless signals. For example, your refrigerator.

They claim Helium’s blockchain allows developers to build low powered internet connected devices fast. Helium’s network combines a wireless networking system, a blockchain, and a protocol token (HNT).

The Helium (HNT) Protocols

This protocol, the Helium Consensus Protocol creates a new kind of proof, Proof-of-Coverage.

Helium generates proof-of-coverage when “miners” provide wireless network coverage for its hotspots. This coverage includes cryptographically verified locations and time. Miners submit proof-of-content to the network to get paid in Helium (HNT).

A Helium Wireless protocol supports bi-directional (two-way) data transfers between wireless devices and the internet. Helium makes make money when devices…