Understanding Helium: A Comprehensive Overview
Centralized service providers, WiFi networks, and Bluetooth technologies that allow devices to connect to the internet are often criticized for being too expensive or lacking coverage in certain areas. Building and maintaining wireless infrastructure is capital-intensive for traditional service providers, leading to high prices and the inability to expand coverage at the rate of user churn. At the same time, traditional telecom is reducing spending on wireless infrastructure (as opposed to developing more robust solutions). Helium Network seeks to satisfy coverage demand and address cost issues by distributing capital expenditures and operational expenses via tokenized incentives that encourage small suppliers to contribute capital and labor at scale.