Mapping Network will help in building a decentralized network infrastructure. Telecommunication companies have a monopoly on communication networks. The Helium project is a disruptive new wireless technology that flips the traditional telecom model of building wireless infrastructure on its head.
The company launched the Helium Hotspot, a new device that provides hundreds of square miles of wireless coverage thanks to their LongFi technology while simultaneously mining HNT on the Helium Blockchain. The People’s Network creates an entirely new wireless economy that flips the traditional telecom model of building wireless infrastructure on its head. Using a Burn-and-Mint Equilibrium token model, The People’s Network utilizes two units of exchange: HNT and Data Credits.
Technology continues to advance rapidly while networks are complicated, expensive, time consuming and use many valuable resources. This project is an early adoption to a new type of technology that could change the way our future infrastructure is paved. A project that would take telecommunication giants in the industry decades to accomplish, can be achieved much faster based on this concept. The Mapping Network will help build this network and thus be rewarded by doing so.
Powered by the Helium Blockchain, Helium enables anyone to be rewarded in cryptocurrency, HNT, for becoming a network operator and providing connectivity for a new class of Internet of Things (IoT) devices.