The rise of decentralized networks

Decentralized physical infrastructure networks, commonly known as DePIN, are quickly emerging as one of the most dynamic sectors within the web3 ecosystem and are profoundly impacting the daily lives of individuals around the world. The essence of DePIN networks lies in their ability to leverage incentives and encourage people around the world to jointly build and maintain infrastructure. This infrastructure is critical for a variety of applications, including computer display, electric vehicle (EV) charging, and telecommunications networks.

Helium: Pioneering the Future of Decentralized Connectivity

A great example of this innovation is Helium, which is leading the development of the world’s fastest growing decentralized wireless network. Helium is not just a mobile service provider offering affordable $20 per month 5G connectivity through its community-powered Helium Mobile network; it is also a testament to the power of collective effort. Highlighting the unique aspect of Helium, Abhay Kumar, CEO of Helium Foundation, says:“Helium is a network that aligns incentives between people who want to connect and people who can provide connectivity.”

Noah Prince, head of protocol engineering at the Helium Foundation, sheds light on the tangible nature of Helium’s blockchain use case. He explains: “Helium is easy to describe because it involves actual physical hardware on the ground. There are two networks: a 5G network and an IoT network. In principle, anyone can turn their home into a cell phone tower by installing a hotspot, giving passers-by access to the network.” Providers of these hotspots are then rewarded with Helium’s native token for the connectivity they provide.

Scott Sigel, COO of the Helium Foundation, emphasizes the cost-effective nature of Helium’s community-powered network. He explains: “With Helium it’s a community leveraging what they already have in terms of locations and hardware. The idea that you can run something on a community-built network makes everything cheaper. Now you’re talking about $20 cell phone plans because you’re not dealing with a large, centralized organization that has to consider real estate, operations, maintenance and workforce. So costs will only continue to decrease over time.”

Leveraging Blockchain for Scalable Decentralized Networks

The expansion of the Helium network necessitates the growth of the underlying blockchain. Solana stands out as the only viable option for this purpose. Since migrating to Solana in April 2023, Helium has launched its $20 unlimited 5G mobile plan nationwide in the US, expanded its coverage to Mexico in partnership with telecom giant Telefónica, and partnered with Google will bundle its Pixel 8 smartphone with Helium services and hotspots. The impressive growth of the Helium network is a testament to the quality of its service, the value it provides and the critical role blockchain technology plays in unlocking emerging industries.

Sigel elaborates on the significance of blockchain technology and states that Solana appears to be the only option for a blockchain that can solve the scalability Helium needs.

We coordinate work in the physical world on a large scale, and symbolic incentives help solve this. It’s just not feasible to process this through traditional payment rails. It only works with blockchain technology. And with that kind of speed, that kind of scale, Solana is a perfect fit. We think about coordination and scalability, but also about what the experience looks like for the average user. It has to be intuitive, it has to be fast, it has to be simple. Solana is really the only blockchain that can power these types of interfaces.

Prince also emphasizes the point that Solana is the only suitable candidate for Helium.

Building the world’s largest wireless network is a tough enough problem – I don’t need a blockchain to get in my way – and Solana doesn’t. As the Helium Network grows, we need the underlying blockchain to grow with it. And Solana is the only real option for something like that.

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