Welcome to the Helium crypto review, as we take you through the details of Helium coin, Helium coin price prediction, Helium exchanges, and how to buy Helium with crypto. The Helium blockchain was officially launched on July 29, 2019, and it is powered by its native token HNT, which is also used to reward miners. HNT crypto blockchain was developed based on a novel work algorithm known as Proof-of-Coverage. Helium HNT crypto powers the biggest public decentralized LoRaWAN network globally.
Helium is a decentralized blockchain network developed for the Internet of Things devices. Helium aims at preparing Internet-of-Things communication for the future, thus, pinpointing inadequacies in the current framework since its creation in 2013.
Low-powered wireless devices can utilize the Helium mainnet to communicate and share data across their network of nodes. Nodes are commonly referred to as Hotspots, a combination of a blockchain mining device and a wireless gateway. Users operating nodes are able to mine and they are rewarded with the Helium HNT token. The concept of Helium’s network design is based on incentivizing the creation of physical and decentralized wireless networks.
In 2013, three digital intellectuals (Sean Carey, Amir Haleem, and Shawn Fanning) founded Helium HNT crypto. Amir Haleem is an expert in eSports and a game developer. Shawn Fanning is renowned for the development of the Napster music distribution service while Sean Carey had worked on multiple development roles before working with Helium and that includes advertising optimization firm “Where”, which has been bought by PayPal.
The novel work algorithm “Proof-of-Coverage” (POC) is used by the Helium blockchain network to confirm the location of Hotspots as claimed. This process involves the POC algorithm continuously verifying the location of hotspots and the wireless network coverage being created.
Helium’s Consensus protocol operates a variant of the HoneyBadgerBFT protocol. HoneyBadgerBFT (HBBFT) is defined as an asynchronous atomic broadcast protocol that allows a group of recognized nodes to achieve consensus over unreliable links.
Implementing this consensus involves creating a consensus group of appointed validators that receive encrypted transactions as inputs and go ahead to reach a common agreement on ordering these transactions. This is done before forming and adding a block to the blockchain.
Helium HNT token is the native cryptocurrency of the Helium crypto network. Its token ticker is HNT. Unlike most cryptocurrencies, there was no pre-mine activity for the Helium blockchain. It was not until July 29th of 2019 that the Helium network decided to produce the first HNT as part of block 93.
Helium Crypto was designed for two primary groups in the Helium blockchain ecosystem; the Hotspot Host and Network Operators and the Enterprises and developers using the Helium Network. Hotspot Host and Network Operators are those that mine HNT while deploying and maintaining network coverage while the Enterprises and Developers connect devices and build Internet-of-Things applications.
HNT supply is maintained by three separate tokenomic concepts. These concepts ensure HNT coin supply is enough to satisfy the requirement of the network and at the same time scarce with a known max supply.
During the genesis block launch, Helium’s network targeted token goal for a month is 5,000,000 HNT tokens. According to the community’s approval of HIP 20, Helium blockchain makes use of a two-year halving schedule and a max supply of 223,000,000 Helium HNT coins. HNT halving is scheduled to take place every two years from the time of the genesis block launch.
The InstaSwap exchange focuses on users’ privacy while providing cross-chain token swaps. The platform supports more than 50 cryptocurrencies. When users access the InstaSwap platform, they may go through the AML/KYC process, which is standard for most exchanges nowadays. InstaSwap holds users’ data scared and goes far to protect them.
According to Walletinvestor’s forecast, the Helium coin looks like a good investment that investors can add to their portfolio. Going by the present price as of January 27, 2022, a $100 investment will get you about 3.456 HNT coins. By 2026, these tokens will be worth $500.95 to give investors a whopping +400.95% in expected revenue.
According to Walletinvestor, the Helium price prediction 2021 showed that the HNT crypto will end the year with a maximum price of $35.828. GOV Capital is predicting the Helium coin crypto to reach as high as $40.964 by the end of 2021. Both Helium price predictions 2021 didn’t came true, unfortunately.
In the Helium crypto review of the price forecasts for 2022, Walletinvestor is predicting that the token will reach as high as $60.327 by the end of 2022 while GOV Capital Helium coin price prediction 2022 shows that, the token will reach a maximum price of $115.872 by December 2022.
By 2025, priceprediction.net forecast for Helium coin shows that the token will reach a maximum price of $158.76. The Helium coin price prediction 2030 by priceprediction.net indicates that the Helium HNT token will reach a maximum price of $998.29.
Apart from adding Hotspots and Sending, Data Credits –a USD-pegged utility token gotten from HNT in burn transactions are used to pay transaction fees for wireless transmissions on the network.
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.