HNT crypto blockchain was developed based on a novel work algorithm known as Proof-of-Coverage. Helium HNT crypto powers the biggest public decentralized LoRaWAN network globally.
Key features of the project
Proof of Coverage
The novel work algorithm “Proof-of-Coverage” (POC) is used by the Helium blockchain network to confirm the location of Hotspots as claimed. This process involves the POC algorithm continuously verifying the location of hotspots and the wireless network coverage being created.
The Helium Consensus Protocol
Helium’s Consensus protocol operates a variant of the HoneyBadgerBFT protocol. HoneyBadgerBFT (HBBFT) is defined as an asynchronous atomic broadcast protocol that allows a group of recognized nodes to achieve consensus over unreliable links.
Helium HNT token is the native cryptocurrency of the Helium crypto network. Its token ticker is HNT. Unlike most cryptocurrencies, there was no pre-mine activity for the Helium blockchain. It was not until July 29th of 2019 that the Helium network decided to produce the first HNT as part of block 93.
Resource:
https://swapzone.io/blog/helium-hnt