The popular peer-to-peer and cryptocurrency powered Blockchain IoT network Helium recently announced its expansion to Europe right after its launch in North America. Details from the website show that the network announced its expansion to Europe in a June 18 post shared with the cryptonews media.
Details show that Helium is ready to start shipping its network’s Hotspots to Europe in July 2020. In the announcement, the blockchain IoT network also said that it just launched Helium Tabs – devices which leverage the decentralized network for tracking purposes.
As details from Helium’s website show, these devices have a battery life that lasts up to 6 months. Acting as low-power wireless access points accessible from up to 10 miles away and nodes on the Helium blockchain, the users using nodes will be rewarded using the firm’s Helium (HNT) tokens.
Additionally, details in the latest blockchain news describe the network as a node-centric, where nodes can be accessible through Internet of Things (IoT), and devices which conform with the LoRaWAN low-power wireless telecommunication standard.
The blockchain IoT network Helium has one goal – to allow IoT devices to access a wireless network and take them on the blockchain. This would also act as a gateway to the Internet, requiring very little power usage on the device’s part. Aside from doing that, the devices on the network can also send transactions through the Helium blockchain.
Featuring more than 4,255 hotspots, the Helium network has all of this infrastructure located around the United States. Per the announcement that the blockchain IoT network is expanding to Europe, the network behind it currently covers over 700,000 miles across North America in 1,000 cities.
What’s also important to share is that the firm launched its wireless network nodes just about a year ago, in mid-June 2019. The co-founder and CEO of the company, Amir Haleem, previously founded the P2P file sharing software, Napster – something that he is known for.
For those of you who don’t know, Napster was one of the first music recording firms which granted access to file sharing – a project that was mega popular in 1999 after which legal action (along with numerous copyright infringement claims) caused it to shut down in 2001.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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