The Helium Gateway is the world’s first crypto miner that uses radio waves instead of power-hungry computations.
Helium is a wide-area wireless networking system, a blockchain, and a protocol token. The blockchain runs on a new consensus protocol and a new kind of proof, called Proofof-Coverage. Miners who are providing wireless network coverage in a cryptographically verified physical location and time submit proofs to the network, and the miners submitting the best proofs are elected to an asynchronous byzantine fault tolerant consensus group at a fixed epoch. The members of the consensus group receive encrypted transactions submitted by other miners and forms them into blocks at an extremely high transaction rate. In addition to the blockchain protocol, the Helium Wireless protocol, WHIP, provides a bi-directional data transfer system between wireless machines and the Internet via a network of independent providers that does not rely on a single coordinator, where:
Helium is built around the following key components:
Computationally inexpensive Proof-of-Coverage that allows miners to prove they are providing wireless network coverage. We anchor these proofs using a Proof-of-Serialization that allows miners to prove they are accurately representing time relative to others on the network in a cryptographically secure way.
Entirely new purposebuilt blockchain network built to service the Wireless Protocol and provide a system for authenticating and identifying machines, providing cryptographic guarantees of data transmission and authenticity, offer transaction primitives designed around the wireless protocol, and more.
Helium Consensus Protocol
Novel consensus protocol construction that creates a permissionless, high throughput, censor-resistant system by combining an asynchronous Byzantine Fault Tolerant protocol with identities presented via Proof-of-Coverage.
New open-source and standards-compliant wireless network protocol, called WHIP, designed for low power machines over vast areas. This protocol is designed to run on existing commodity radio chips available from dozens of manufacturers with no proprietary technologies or modulation schemes required.
System for interpreting the physical geolocation of a machine using WHIP without the need for expensive and power-hungry satellite location hardware. Machines can make immutable, secure, and verifiable claims about their location at a given moment in time which is recorded in the blockchain
The Internet of Things is an $800 billion industry, with over 8.4 billion connected devices online, and spending predicted to reach nearly $1.4 trillion by 2021. Most of these devices need to connect to the Internet to function. However, current solutions such as cellular, WiFi, and Bluetooth are suboptimal: they are too expensive, too power hungry, or too limited in range.
Helium is a decentralized machine network that enables machines anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for powerhungry satellite location hardware or expensive cellular plans. Powering the network is a blockchain with a native protocol token incentivizing a two-sided marketplace between coverage providers and coverage consumers. With the introduction of a blockchain, Helium injects decentralization into an industry currently controlled by monopolies. The result is that wireless network coverage becomes a commodity, fueled by competition, available anywhere in the world, at a fraction of current costs.
Helium’s secure and open-source primitives enable developers to build low-power, Internet-connected machines quickly and cost-effectively. Helium has a wide variety of applications across industries and is the first decentralized machine network of its kind.
A Simpler, Fairer Miner. No mining pools, expensive hardware, or technical knowledge needed.
The Helium Gateway mines Helium tokens by validating that other gateways in the network are providing legitimate wireless connectivity.
Be Part of Something Huge. Helium Gateways combine to form a worldwide wireless network for machines.
The real power of Helium is its decentralization - it's built and owned by you! As gateway owners, you set the cost for machines to pay in exchange for connectivity.
Connect Machines of all Types. Helium connects low-power machines to the internet in a new, secure, and affordable way.
Thousands of machines can connect to a single gateway and send encrypted data through to the internet over miles of range. Owners earn tokens every time machines connect to their gateways.
Mining that won't cost the Earth. We Replace Power-Hungry GPUs with Radio Waves.
The mining process takes only minimal amounts of power (as much as an LED light bulb) and only requires an internet connection to operate. The power requirement for mining is fixed and will remain the same, regardless of the size of the network.
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The future of blockchain and the Helium Network announced
Launch private testnet in San Francisco
Plans for global expansion announced