Helium was founded in 2013 by Amir Haleem, Sean Carey, and Shawn Fanning (one of the four Napster founders). The Helium network (HNT) is a decentralised wireless network that enables IoT devices, such as smart refrigerators and smart fire alarms, to geolocate themselves and connect to the internet.
Instead of relying on power-intensive satellite location hardware or costly cellular plans, IoT devices can connect to the ‘proof-of-coverage’ global wireless network. Anyone can contribute hotspots to the network using radio technology. Coverage consumers pay coverage providers using the HNT cryptocurrency.
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A lot of members like to hold onto their Helium in case it increases in value. You can hold your Helium in your Cointree account or transfer it to a private wallet.
Cointree allows you to trade any portion of your Helium to over 100 other digital currencies instantly.
When buying Helium with Cointree, you are able to send your Helium to any other Helium wallet easily and instantly.
You can use Helium to buy many things online aswell as in physical stores. More businesses are accepting Helium every day.
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You can pay any Australian BPAY bill using any digital currency.