Key facts:
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Helium (HNT) is up more than 10% in the last 7 days.
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From now on, service providers will be able to influence gaming.
Helium (HNT), the native token of the eponymous decentralized Wi-Fi network, leads the weekly rise in cryptocurrencies (within the top 100 by market capitalization) following the approval of two new proposals to improve the service and prevent malicious practices within the ecosystem.
As CriptoNoticias already reported, Helium is composed by low-power wireless devices that communicate with each other and send data across a network of nodes. As a reward, users receive HNT for providing network coverage and facilitating data transmission from IoT (Internet of Things) devices. In addition, it offers 5G telephony services.
In recent days, the token HNT rose from $6.66 to $7.50 in a week. Although this is an increase of more than 13%, it is still far from the $55 it reached on November 12, 2021, its all-time high (ATH).
HNT token price from July 2020 to September 2, 2024. Source: CoinGecko.
In this framework, the development team detailed that the HIP130 proposal is an initiative that allows WiFi access points to be configured to support operators such as Helium Mobile. That is, they will not only provide connectivity for IoT devices, but also They will be able to provide mobile network services through existing infrastructure.
For its part, the HIP131 proposal allows service providers to influence the management of Oracle Hex, specific areas where network coverage and performance are measured and managed. The update will help them prevent ““gaming”, a practice in which some users manipulate the system to obtain more rewards than they would be entitled to.
In the Helium environment, a malicious practice could involve simulating increased activity on an access point that provides network coverage.
Finally, it was reported that Wi-Fi access points have a 7-day window to be verified, while other radio devices will have 21 days to complete the validation process.
As of the time of publication of the article, the HNT token is one of the few cryptocurrencies with a higher market capitalization that showed a favorable performance in the last 7 days. The rest of the market, with the exception of stablecoins, is down.
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