TrustSwap recently announced an integration with the Helium Blockchain. The integration specifically provides benefits to The Crypto App.
What Is Helium?
Helium dubbed “The People’s Network,” started out as a regular company and pivoted into the crypto space in 2019, becoming a blockchain-powered wireless service that provides long-range connection to nearby Internet of Things (IoT) devices, like scooters and certain smart devices, through individually-owned hotspots.
Owners of those hotspots earn Helium tokens (called HNT) the more it’s used, compensating them for their initial investment in the hotspot, which mines the tokens, and for hosting it. The Helium network transmits data over long distances with low power, and it has become more popular.
The consensus mechanism that the network runs on is known as Proof of Coverage, and is also responsible for distributing rewards to HNT holders and node operators. Users need to purchase a mining device from the Helium website to set up Hotspots. Miners produce radio frequencies by connecting to the network, while the Proof of Coverage mechanism validates Hotspot locations.
Network participants can have one of the three roles crucial to the network’s functionality: Challenger, Transmitter, and Witness. The rewards distributed through the system also depend on the role in the Hotspot network.
Why Did The Crypto App Integrate With Helium?
The Crypto App integration with Helium allows users to track their HNT balance on their wallets if they connect the public addresses in The Crypto App’s Portfolio Tracker. The Crypto App team used Helium’s official API to complete the integration.
The Crypto App integration with Helium reflects our team recognizing the demand from users of The Crypto App. The Crypto App team also recognizes that Helium has experienced consistent growth recently and provides valuable real use-cases to customers, making it a prime candidate to integrate with the app.
About The Crypto App
The Crypto App features a diverse set of crypto tracking services, monitoring data from 6,000+ coins and 100+ exchanges. The Crypto App includes multiple useful integrations, including this most recent integration with Helium. The integrations allow The Crypto App and TrustSwap to establish critical partnerships within the broader cryptocurrency community.
The Crypto App provides several features that enable users to easily keep track of the latest news and price changes in the cryptocurrency space. This industry moves quickly, but The Crypto App keeps users alert of any changes impacting their portfolio, allowing them to make informed decisions.
The mobile app is available on both Google Play and the App Store.
About Helium
Helium offers users the opportunity to provide their city with low-power network coverage while earning HNT. Helium’s many hotspots work together to form a new global wireless network. Users also have the option to become a validator and stake HNT. Users who stake help secure the network while earning HNT rewards.
Helium’s Network, The People’s Network, includes many supporting projects that make up the Helium Ecosystem. These projects use and support the network and contribute to expanding Helium’s global reach.
