Overview

  • Country USA
  • CategoryMining/ Mining Machine Network

The Helium Gateway is the world’s first crypto miner that uses radio waves instead of power-hungry computations.

Project stage

Only a whitepaper

Detailed description

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:

  • Machines pay to send & receive data to the Internet and geolocate themselves
  • Miners earn tokens for providing network coverage
  • Miners earn fees from transactions, and for validating the integrity of the network.

Helium is built around the following key components:

Proof-of-Coverage 
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.

Blockchain Network 
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.

Wireless Protocol 
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.

Proof-of-Location 
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

Problem

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.

Solution

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.

Features

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.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : HELIUM
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Own blockchain ()
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :NA
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BCH, BTC, ETH, LTC, USD,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA

Sale schedule

Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
Pre-Sale — Soon
Start Soon
NA No - Uncapped Uncapped
  • Team

    • Andrew Allen photo
      Andrew Allen
      Engineering
    • Pierre Defebvre photo
      Pierre Defebvre
      Engineering
    • Rahul Garg photo
      Rahul Garg
      Engineering
    • Dal Gemmell photo
      Dal Gemmell
      Head of Product Marketing
    • Beau Grotins photo
      Beau Grotins
      Operations
    • Amir Haleem photo
      Amir Haleem
      Founder & CEO
    • Robert Keith photo
      Robert Keith
      Engineering
    • Jay Kickliter photo
      Jay Kickliter
      Engineering
    • Peter Main photo
      Peter Main
      Creative Director
    • Frank Mong photo
      Frank Mong
      COO
    • Victor Mu photo
      Victor Mu
      Engineering
    • Emily Murray photo
      Emily Murray
      Marketing
    • Marc Nijdam photo
      Marc Nijdam
      CTO
    • Katey Osborn photo
      Katey Osborn
      Office Manager
    • Mark Phillips photo
      Mark Phillips
      VP, Customer Success
    • Michael Starman photo
      Michael Starman
      Engineering
    • Coco Tang photo
      Coco Tang
      Director, Product
    • Ned Taylor photo
      Ned Taylor
      VP, Business Development
    • Andrew Thompson photo
      Andrew Thompson
      VP, Engineering
    • Frank Vasquez photo
      Frank Vasquez
      Engineering
  • Advisors

    • Bruce Armstrong
      Partner, Khosla Ventures
    • Chris Bruce
      Founder & CEO, Sproutling
    • Eric Dresselhuys
      Former EVP Sales & Co-Founder of Silver Spring Networks
    • Shawn Fanning
      Founder, Helium, Rupture, Path, Snocap, Napster
    • John Hamm
      Founding Partner, Soda Rock Partners
    • Vinod Khosla
      Founder, Khosla Ventures
    • Aaron Levie
      Founder & CEO, Box
    • Jacqueline LeSage Krause
      Munich Re / HSB Ventures
    • Alex Roetter
      Former SVP Engineering, Twitter
    • Matt Turck
      Partner, FirstMark Capital
    • Robert Wenig
      Founder TeaLeaf, Former CTO SAP
    • Andy Wheeler
      Partner, GV

Roadmap

  • May 2018

    The future of blockchain and the Helium Network announced

  • Sep 2018

    Launch private testnet in San Francisco

  • Q4 2018

    Network Launch

  • Q1 2019

    Plans for global expansion announced

Activity