Coinbase Adds Helium (HNT) to Listing Roadmap, Fueling Rise of Peer-to-Peer Wireless Hot Spot Crypto
Coinbase recently made an exciting update to its listing roadmap by including Helium (HNT), a Solana (SOL)-based altcoin, in its selection of cryptocurrencies. This move has set in motion a significant surge for the peer-to-peer wireless hot spot crypto.
Helium, known for its innovative network catering to the Internet of Things (IoT), operates in a decentralized manner. By supporting smart contracts and enterprise applications, it facilitates seamless communication and data sharing among IoT devices connected to the network. Participants in the network, including wireless hotspots responsible for coverage provision and validation, are rewarded with HNT tokens.
The concept behind Helium hotspots is quite fascinating. These small, low-power devices are easily obtainable and can be set up in homes or businesses. Once operational, a hotspot establishes a wireless network that enables other IoT devices to connect to it. In return for offering coverage, the hotspot receives valuable HNT tokens as a reward.
One of the key advantages of the Helium Network is its ability to deliver more efficient and cost-effective wireless coverage for IoT devices compared to traditional cellular or Wi-Fi networks.
Coinbase’s listing roadmap serves as a comprehensive guide, outlining the crypto assets being assessed for potential inclusion on its platform. It undergoes regular updates to incorporate new additions and reviewed assets.
Since the announcement of Helium’s addition to the listing roadmap, the value of HNT has experienced a notable surge. As of the time of writing, HNT is valued at $1.35, reflecting an impressive 12% increase over the past 24 hours.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.