Fun

DePin Helium Mobile releases first post-roadmap progress update

News Feed - 2024-07-16 12:07:45

Vince Quill8 hours agoDePin Helium Mobile releases first post-roadmap progress updateDecentralized physical infrastructure networks represented the fourth-most profitable sector for investors in the first half of 2024.851 Total views13 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksHelium Mobile, a decentralized mobile and wireless network, shared its first progress update since the project revealed its product roadmap in June.


The decentralized physical infrastructure network (DePin) announced expanded coverage, increased compatibility with third-party hardware manufacturers, and pilot programs with other telecommunication carriers to explore network interoperability.


Helium’s licensing program provides hardware developers with an avenue to create and launch network-compatible hardware such as routers, hotspots and wireless relays that underpin the wireless communication network.


RAKwireless became the first hardware manufacturer to take advantage of Helium’s licensing program for its MNTD.FI Pro mobile hotspot, which is currently only available in the United States.


Helium is also attempting to facilitate crossover between other wireless carriers and its decentralized network through the OpenRoaming framework, a wireless standard developed by the Wireless Broadband Alliance.


Related: How DePin Networks can decentralize law enforcementHelium builds on previous partnerships


At the beginning of 2024, telecommunications company Telefónica announced a partnership with the Helium network to expand wireless coverage in Mexico.


The partnership allowed Telefónica subscribers in Mexico City and Oaxaca to connect to nearby Helium Mobile hotspots, offloading traffic from Telefónica’s network and increasing network coverage to dead spots in remote areas.DePin attempting to disrupt traditional infrastructure


Decentralized physical infrastructure networks are once again in the limelight, with the sector ranking among the most profitable in the first half of 2024. According to data from BitEye, DePin returned an average of 58.74% to investors.


These networks allow individuals and communities to take control of the physical infrastructure around them and earn a return by providing services and maintaining and upgrading the infrastructure.


Regulated utilities such as internet service providers, energy companies and telecom companies are notorious for being capital-intensive enterprises that require huge sums of initial investment to provide the infrastructure and labor for their services.


Because of the outsized costs, utility companies have monopolistic protection in local jurisdictions. They work with local governments to set prices and policies in return for being the only provider with the right to provide services to the geographical area.


Advocates for DePin argue that these distributed networks can disrupt the internet and Big Tech by lowering barriers to entry for regulated utilities that control markets through regulatory capture.


Magazine: Ethereum is ‘woefully undervalued’ but growing more powerful: DeFi Dad, Hall of Flame# Altcoin# Business# Telecommunications# mobile tech# DeFi# DePINAdd reaction

News Feed

Jesse Coghlan3 hours agoChina proposes to bring its social credit system to the metaverse: ReportProposals to a United Nations group reportedly show China wants digital IDs and real-world punishments for actions that occ
Barrick Gold CEO Says ‘No One Believes in Fiat Currencies Anymore’
Barrick Gold CEO Says "No One Believes in Fiat Currencies Anymore" The South African businessman and CEO at Barrick Gold Corporation, Mark Bristow, recently expl
Antier Solutions’ Crypto Exchange Script Solutions Helping Businesses to Reduce Their Time-to-Market by 50%
Antier Solutions’ Crypto Exchange Script Solutions Helping Businesses to Reduce Their Time-to-Market by 50% press release PRESS RELEASE. Antier Solutions, a blo
WATCH: Coinmine Adds Interest Payments to Its At-Home Crypto Miners
When the super-sleek – and super-divisive – Coinmine machine hit the crypto markets, people were at once impressed and annoyed. The device, looking like the love child between a
British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated
British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated According to British lawmakers, a central bank digital currency (CBDC) is l
MEXC Global Now Exceeds 10 Million Users; The Meaning Behind the Upgrade Color to ‘Ocean Blue’
MEXC Global Now Exceeds 10 Million Users; The Meaning Behind the Upgrade Color to "Ocean Blue" press release PRESS RELEASE. As of September 2022, MEXC has finally reached a respecta
Bitfarms Starts Bitcoin Megafarm Operations in Argentina
Bitfarms Starts Bitcoin Megafarm Operations in Argentina Bitfarms, a global Bitcoin mining company, has started operations in its mining megafarm located in Argentina. The farm, l
Brayden Lindrea6 hours agoUS Space Force pauses use of ChatGPT-like tools due to security fears: ReportAt least 500 Space Force staff members have been affected, according to the department’s former chief software off
Is XRP bottoming out versus Bitcoin? Chart fractal mirrors 500% rally setup
Yashu Gola11 hours agoIs XRP bottoming out versus Bitcoin? Chart fractal mirrors 500% rally setupXRP price is mirroring a 2021 bullish chart fractal that preceded a 500% rebound.6579 Total views7 Total sharesListen to ar
Tesla CEO Elon Musk Says Recession Could Last Until Spring 2024
Tesla CEO Elon Musk Says Global Recession Could Last Until Spring 2024 Tesla and Spacex CEO Elon Musk expects a global recession to last until the spring of 2024. Musk added that h
Hong Kong bank embraces stablecoin issuers
Savannah Fortis10 hours agoHong Kong bank embraces stablecoin issuersThe Hong Kong virtual bank aims to push forward its presence in the Web3 industry by allowing local stablecoin issues access to secure fiat reserve sol
Multilotto: Play Transparent Online Lotteries With Equal Opportunities for Every Player
Multilotto: Play Transparent Online Lotteries With Equal Opportunities for Every Player When you hear about gambling, you’ll remember some fancy Casino res