AT&T is planning to end its 3G network on Feb 22, leaving some 3G IoT users in the lurch. Below, Securities .io posts Helium’s invitation for current 3G customers with IoT devices to change to Helium’s decentralized radio-frequency network:
Helium Offers a 3G Sunset Exit Plan
The world has made significant advances when it comes to the technologies that make up the online world, and 3G, once the peak of internet technology, is now considered outdated, slow, and impractical. This is why, starting on February 22nd, 2022, the US internet service provider (ISP) AT&T is planning to shut down its 3G network.
The move is part of the company’s ongoing plan to improve its wireless network and continue to invest in 5G. However, the decentralized blockchain-powered network for Internet of Things (IoT) devices, Helium (HNT) sees this as an opportunity to decentralize the wireless network itself, which is why it invited users to switch to Helium once AT&T shuts down its 3G network.
How does Helium plan to decentralize the internet?
As mentioned, Helium is a decentralized network for IoT devices, whose mainnet allows low-powered wireless devices to communicate with each other and send data across a network of nodes. Its nodes come in the form of Hotspots, as the project calls them, which are a combination of blockchain mining devices and wireless gateways. Users who operate them get to mine Helium and earn its native token, HNT, which is their reward for boosting the project’s network at the same time.
Essentially, the project plans to use its users for deploying low-power network coverage which would provide internet for billions of devices and other users. In other words, it plans to provide LoRaWAN (Long Range Network) to cover areas that are usually not covered by cellular networks.
So, Helium’s LoRaWAN allows individuals to set up a Helium hotspot, and offer a wide range of coverage for any compatible IoT device. The hotspots are physically connected to the users’ home network, which is, in turn, connected to the ISP that provides access to the web, and therefore the blockchain.
As for what types of devices can be connected — they can include anything, from sensors, gadgets, and more. By connecting them to a Helium Hotspot, users would allow an uninterrupted data flow from the devices, through the local network, and finally, to the internet and blockchain. In exchange, they will be getting rewards in the form of freshly mined HNT tokens.
Helium hit a major milestone but HNT value did not respond
Helium’s approach to decentralizing the wireless network and boosting the usefulness of IoT devices has been received very well, and the company recently announced that it has onboarded over 540,000 Hotspots throughout the world. So far, this represents excellent progress in achieving the company’s goals, and it could mark Helium as a massive game-changer in the field of data collecting, processing, and distribution.
Unfortunately, the recent milestone was not impactful enough for HNT price to resist the bearish market which has been dominating the crypto industry in 2022. The token’s price entered the year at around $40, and after the first five days of attempting to grow, the bears took over, pushing the token’s value to $20 by January 24th. After that, the token recovered to $30, only to drop back to $25 by early February.
The February started a bit better, however, and it allowed the coin to move up to the resistance at $32, and after trying to breach it for several days, between February 5th and 11th, the coin was once again dragged down by the bears to its current price of $24.82.
Original article can be found at;//www.securities.io/helium-makes-its-pitch-when-3g-shuts-down-make-the-switch-to-helium/