STEEMIT CRYPTO ACADEMY: WEEK6 HOMEWORK POST FOR PROFESSOR @besticofinder - THE CRYPTOCURRENCY TO INVEST IN 2021.


After some fundamental analysis, my best cryptocurrency to invest in 2021 is Helium (HNT).

Development-of-IoT-collaborations-ease-of-mining-push-Helium-HNT-price-up.jpg
Source

Concept of Helium Project
Helium is a Decentralized Wireless Network that was initiated in 2019 which allows devices to easily find its way to the internet without requiring any high-power satellite devices or hardwares. It is a blockchain with the incentive of linking up coverage providers and the coverage consumers.

Social Reach:
This particular cryptocurrency blockchain simply allow miners to take part in new block creation just by being elected to a particular consensus group which is widely known for tolerating faults. For any block created while that miner is still part of that group, such miner will be rewarded for it with tokens. This makes this particular blockchain quite attractive for me as it looks very simple to participate in it.

Project Purpose
The Helium Cryptocurrency project have the main aim of allowing smart devices which do not have enough high power (Low Power Devices) to send data to the internet and also make it capable or provide the atmosphere for such device to also receive data from the internet. It also have the purpose of rewarding the miners with HNT, a protocol token.
Note: Miners in Helium are people who participate in creating blocks by relaying data to the internet or providing network coverage using a device called Hotspots.
This is another great reason for my choice of Helium because I can easily earn tokens by being either a coverage consumer or a coverage provider.

Response from the market
Helium HNT have enjoyed a great market response ever since its introduction In July 2019, it is currently valued at $9.12 and it is as a matter of fact ranked no.100 in the cryptocurrency market.

FACTORS I CONSIDERED BEFORE CHOOSING HELIUM
Accessibility: Helium is very easy to access as anyone can easily acquire a hotspot and start participating in the miners' activities and earn tokens for it.
Security: All the data relayed to Helium is encrypted from the hardware or device and is sent to the cloud and stored there, this, in addition to the fact that it is private makes it very secure and safe.

WHY HELIUM PROJECT IS A GOOD INVESTMENT
There are so many reasons why investing in Helium is a good idea and this include all the factors I have highlighted above. But at this juncture I will like to also add it's proposed future works as one of the major reasons that makes the investment in Helium to be ideal.
One of the future works proposed by helium is the application of this Hospital idea to other devices like the Bluetooth and WiFi.

5f8dc08d55818d0ca6a4231b_Earn%20HNT-meta.png
Source
CONCLUSION
Helium has brought a great innovation to the cryptocurrency blockchain world and it's works looks very promising, this is one blockchain that we are definitely yet to see it's complete strives.
Thanks for taking time to go through all I had to write about Helium HNT, I hope you also learnt a lot from it.


Comments 1


Hello @anselam ,
Thank you for submitting homework task 6 ! You have done a fundamental analysis on Helium project.

Accessibility: Helium is very easy to access as anyone can easily acquire a hotspot and start participating in the miners' activities and earn tokens for it.
Security: All the data relayed to Helium is encrypted from the hardware or device and is sent to the cloud and stored there, this, in addition to the fact that it is private makes it very secure and safe.

With the features you have discussed Helium seems to be a very solid project with a good future. Nice work [5]

Thank you

23.03.2021 16:05
0