Nova Labs Teams Up With T Mobile For Crypto Powered Helium Mobile Service – We understand that there are many moving pieces to the Helium Ecosystem – including Helium Mobile, the Helium Network and the Helium Foundation. Here’s a breakdown of how, together, they facilitate the decentralized connectivity we’re on a mission to build.
Helium Mobile is built on the Helium Network – a decentralized, blockchain platform that offers wireless connectivity through a unique combination of hardware, software and cryptographic incentives. Unlike traditional telecommunications networks, which rely on a centralized infrastructure owned by a few large corporations, the Helium Network is decentralized—it is operated by individuals who deploy Hotspots, which are small hardware devices that provide network coverage to their communities.
Nova Labs Teams Up With T Mobile For Crypto Powered Helium Mobile Service
As the Helium ecosystem continues to grow and evolve, it is important to understand the distinct roles and contributions of Helium Mobile, the Helium Network and the Helium Foundation. Here’s a breakdown of what each entity does and how they support each other.
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What is it The Helium Network is a decentralized wireless network designed to provide wireless connectivity. Driven by data and designed on a modern, Internet-native architecture, the Network creates a seamless wireless convergence for 21st-century connectivity.
How does it work? Helium Mobile Hotspots enable anyone to become a network operator and create coverage for themselves and their community. A decentralized system of Hotspots is deployed by friends, neighbors, local entrepreneurs and creative entrepreneurs to grow the Web and improve connectivity.
Hotspot deployers are also rewarded for the work they have done to create connectivity. Using blockchain technology, Hotspot deployers are rewarded with crypto for enabling connectivity in their local area and for the mobile data usage that passes through their Hotspots.
With this system, the data that users create when they use the Web is not used to enrich large telecommunications, data brokers and other third parties that they have never even heard of. It is used to improve the Web and improve their service.
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What is it Helium Mobile is a mobile network service that extends the principles of the Helium Network to mobile connectivity. We aim to offer affordable and reliable mobile services using the decentralized infrastructure of the Helium Network.
How does it work? Helium Mobile offers a low-cost, unlimited phone plan that runs on the Helium Network and uses the nation’s largest 5G network when users are not in range of community-built coverage.
Network subscribers are seamlessly connected to Helium Network compatible equipment (such as Helium Mobile Hotspots) whenever they are within range and can support Network development through Discovery Mapping – a process of sharing anonymized location data as they move around the world to inform where Hotspots are can has the greatest impact. Subscribers who participate in mapping are also rewarded in crypto for anonymously sharing the data, which helps inform how to improve network connectivity. Being built on the blockchain also ensures that all transactions are secure and transparent.
Helium Mobile is affordable. By using a decentralized infrastructure, Helium Mobile can offer more affordable mobile services compared to traditional service providers. Helium Mobile subscribers can get connected for just $20 a month and earn rewards for actively contributing to the Network and improving connectivity.
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Helium Mobile is scalable. The community-driven model allows the Network to expand organically as more users deploy Hotspots, improving coverage and capacity in communities.
Helium Mobile is secure. The decentralized network that powers Helium Mobile is secure, private and resilient. Helium Mobile prioritizes data security and does not track voice and messaging data, and subscribers who choose to enable Discovery Mapping share location data anonymously and are rewarded for how that data informs building a better network.
Helium Mobile also prioritizes security and privacy by implementing industry-leading capabilities to protect users, including multi-factor authentication (MFA) and an upcoming cryptographic approach to prevent SIM swapping. Decentralization enables security and resilience for the Web because no single company or critical infrastructure can be the target of bad actors or subject to technical problems that cause mass outages.
What is it The Helium Foundation is a non-profit organization responsible for the management, development and expansion of the Helium Ecosystem. It oversees the strategic direction of the Helium Network and ensures its sustainable growth. Changes to how the Network works and its economic model are decided by the community through a transparent proposal and voting process managed by the Helium Foundation.
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TL;DR: We want to help create a world with continuous connectivity that is built by the people, run by the people, and priced for the people – a world where everyone, everywhere can afford unlimited talk, text and data and contribute to the connectivity of their community.
The Helium ecosystem is revolutionizing wireless connectivity with decentralized technology powered by people. The Helium Network provides the fundamental infrastructure, Helium Mobile extends these principles to mobile services, and the Helium Foundation ensures the sustainable growth and governance of the ecosystem. Together, and with the community, they create a powerful and dynamic environment that puts the power of connection back into the hands of the people.
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” ” and “Helium Mobile” are trademarks of Nova Labs, Inc. Helium is a registered trademark of Decentralized Wireless Foundation, Inc. (dba the Helium Foundation), used under license.
**Data is unlimited, but you may experience slowdown after 30GB of data usage. Tethering is limited to 5GB/month.
Rewards are a function of network administration and not guaranteed; amount depends on multiple factors, including but not limited to individual activities, network usage, technical and/or operational issues. Nova Labs does not issue, provide, guarantee or refund any rewards and makes no promises, guarantees or warranties as to their value. See Terms and Conditions for additional terms.For the past six years, we have been in the trenches with the community building the Helium Network — one of the largest decentralized networks and the first real application in what is now referred to as the DePIN space. The initial design of Helium and the Helium blockchain was created for Internet of Things (IoT) devices and has since grown to support new networks including IOT, MOBILE, and most recently, the ENERGY network.
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Through our work and conversations with other projects, we discovered a common set of problems that many face, which we also felt keenly. While DePINs strive to be fully decentralized, they, at scale, create more data than can be processed by even the fastest blockchains. DePINs require computing and consuming large streams of immutable data to identify useful activity, assign rewards based on protocol rules, filter out unwanted data or gaming, and go to data consumers. These activities are not only limited to DePINs but to any protocol that potentially serves millions of users every day. As the demand for interaction with these protocols grows, developers often implement the same strategies to provide the best possible user experience for their users.
We believe from our years of building with the community that there is a huge opportunity to improve what we have all already started and empower others to join and successfully climb with us in the Helium Network. We also believe that this is a path to implementing decentralized oracles that were conceptualized in previous HIPs. The goal of these ideas is to open a dialogue with the community about three key initiatives that we believe can set the ecosystem up for future success and enable wider adoption of Helium across crypto.
This is the beginning of a collaborative dialogue, not the final word. We need to hear your thoughts, concerns, improvements and alternatives to these ideas as we shape the future of Helium together.
If implemented, these changes could represent a significant development for Helium. However, it is important to understand how these ideas might affect community stakeholders and the network as a whole. The goals for these changes include:
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We believe there is an opportunity to collaboratively create a more robust and flexible economic model for HNT. Here are the key elements we ask the community to consider:
To reward Protocol Nodes for work in continuing to provide HNT emissions to IOT, MOBILITY and ENERGY, a new fixed emission schedule could be established: 5 million HNT annually to existing Subnets and 5 million HNT annually to Protocol Nodes. Subnets would continue to receive distributions to their treasuries based on their Utility Score as established in HIP 51.
This total of 10 million HNT is approximately the current annual issuance of HNT after removing HST rewards. This potential change will require an important discussion in the community about the maximum supply of HNT but also opens the possibility that new native networks on board could also change this fixed emission in the future. We also believe that a demand-driven approach between the split between Protocol Node emissions and Subnet emissions may be appropriate.
Looking forward, these ideas aim to create a more dynamic economic system, but we need your input to refine and perfect this model, and if this is the right one.
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