Heard about the new crypto phones like Solana's Saga and Nothing (1)? Here's what you need to know about what these phones are doing for the crypto industry.

Most individuals are practically inseparable from their smartphones and take them wherever they go. Having a mini-computer in your pocket with the ability to stay connected has become the norm.

As crypto enthusiasts search for ways to mainstream cryptocurrencies, crypto phones offer an exciting gateway to 

 and blockchain technology. Web 3.0 is the next generation of the internet that uses blockchain technology as a foundation, enabling secure and affordable transfers of value over networks.

In this article, we’ll explore what crypto phones are, including their history and early launches, as well as promising recent projects. We’ll also explore some of the key features that make these products exciting.

Crypto phones offer a variety of features that make it easier for users to store and use their cryptocurrencies. This innovation aspires to bridge the gap between web3 and the masses. 

Taiwanese smartphone giant HTC ushered in this new era with the launch of the first crypto phone, the 

, in October 2018. This genesis model featured a crypto hardware wallet and could run a full Bitcoin node, among other capabilities.

 launched the “first open-source, ultra-secure blockchain smartphone,” 

. These new-generation devices showed the tech world the possibilities at the intersection of mobile and blockchain technology.

Since then, several smartphone makers have forayed into this nascent market with their own iterations of these cutting-edge devices of varying capabilities and price points.

Unlike your regular smartphone, crypto phones are designed to offer cryptocurrency and blockchain functionalities in addition to their regular features. For crypto enthusiasts, crypto phones are an easily accessible portal to the decentralized web, popularized as web3. The web3 ecosystem consists of blockchain-based apps that look like regular mobile apps but are not owned or controlled by massive tech corporations (in other words, centralized). 

Crypto phone makers believe that the popularity of smartphones and any consumer dependence on them will be an ideal platform to make web3 mainstream.

Here are a few key benefits of trying crypto phones:

Since their introduction in 2018, crypto phones have failed to take off as expected. However, new projects like Polygon’s Nothing have reignited interest in crypto phones. Here are a few of the new kids on the block that are making waves. 

The Polygon network is making its debut in the crypto phone market with the spectacularly designed mid-range 

. Partnering with phone maker Nothing, the Ethereum scaling solution hopes to bring web3 to the wider smartphone audience.

Nothing Phone (1) offers features to help users seamlessly access DApps and games on the Polygon network. It also adds crypto secure storage and payment functionalities and uses the Polygon ID, a new blockchain-based identification system that uses zero-knowledge cryptography. The Polygon ID is a decentralized and self-owned identification system that allows users to verify their identity without having to entrust their data to big tech companies where it could be compromised by third parties.

The Nothing Phone (1) will airdrop non-fungible tokens (NFTs) titled “Black Dot” to reward its community of investors. NFT owners will enjoy benefits such as early access to products and event entries.

Even with its eye-catching iPhone-like looks, reasonable specs and Polygon-powered web3 integration, the Nothing Phone (1) has a decent price tag of about $479.

If there’s one device that’s brought back the crypto phone and blockchain tech hype, it’s the Solana Saga. As a crypto phone under development by Solana Labs 

 the Solana Saga boasts features that set it apart from mainstream smartphones. 

The device features a “seed vault” to store private keys, Solana Pay for QR code payment, a mobile wallet adapter, and a DApp store.

Additionally, the Saga also includes the Solana Mobile Stack (SMS), a web3 software development kit. The SMS will enable developers to build extra features to further enhance the web3 experience for Saga users.

Solana Saga will rely heavily on the Solana Blockchain for its web3 functionality. The phone’s makers hope that the Saga will ride the popularity of the mobile phone to spread mass adoption of crypto and blockchain. 

The Solana Saga will start shipping in Q1 of 2023 at a cost of about $1,000. 

After kick-starting the crypto phone era with the launch of the Exodus 1 model in 2018, HTC is back again with yet another crypto smartphone. This time, the new device promises to offer an immersive metaverse experience through its proprietary Viverse Ecosystem.

 is an Android-powered mid-range crypto phone that hopes to lure users with its affordability and VR functionality. Users can stream content directly to the VIVE Flow headset to hook up to the VIVERSE platform, a metaverse that’s built on AI, VR and blockchain technology. 

In addition to a rich metaverse experience, the HTC Desire 22 Pro features secure Vive wallets to store digital assets such as NFTs and cryptocurrencies, and the Vive market, where users can spend their crypto

The phone started shipping on August 1, 2022 at a retail price of about $400.

What Happened to 2019's Blockchain Phones?

Manufacturers of crypto phones hoped that these devices would usher in the next era of mobile connectivity and portability with integrated blockchain technology. Their success has varied, with the phones created by large existing phone brands generally having more staying power. 

Sirin Labs was one of the initial companies to announce a blockchain phone, naming it after the late cryptographer and Bitcoin pioneer, Hal Finney. It runs on Sirin OS, a Google-certified modification of Android with cyber protection, a wallet, a DApp store and token conversion. Users can independently verify wallet transactions via a unique sliding Safe Screen that activates its cold storage wallet.

 of the Finney were lower than expected, and Sirin Labs had to lay off a quarter of its workforce. The chief executive of Sirin Labs was actually sued by phone manufacturer Foxconn International Holdings Ltd. for unpaid bills related to manufacturing Finney phones. The Finney phone remains for sale online.

The most affordable crypto phone by far, the 

 is designed for people in emerging economies. The phone is priced at $80 and can mine crypto, even in offline mode. Despite the low price tag, it comes with 4G connectivity, dual sims and 8GB storage, as well as front- and rear-facing cameras. Launched by UK-based digital payments firm Electroneum, the M1 uses the firm’s cloud mining technology.

The phone targets people in developing countries with low incomes by literally offering a phone that can pay them back. It’s possible to earn up to $3 a month in ETN tokens. Electroneum partnered with mobile network operator Cellcard in Cambodia, and managed to 

 of the Electroneum M1 provided in two hours.

Samsung started selling the blockchain-enabled KlaytnPhone in 2019. It was developed with Ground X, which launched the Klaytn blockchain and is a subsidiary of the popular Korean messaging app Kakao. As the world’s largest smartphone manufacturer, Samsung was a widely recognized brand entering the crypto phone market. Kakao is South Korea’s most popular instant messenger, which also gave the partnership a solid reputation in South Korea.

The phone looks similar to a regular Galaxy Note 10, but it shows the Klaytn logo, comes with free KLAY tokens and has a cryptocurrency wallet, as well as embedded blockchain apps. The 

 (blockchain application) partner program brought in developers such as mobile game firms, mainly because gaming commands a huge market in South Korea.

In 2018, Taiwanese smartphone maker HTC revealed plans for the flagship Exodus 1 phone, which could double as a crypto hardware wallet. To safeguard customer cryptocurrency, SoftBank Group's Arm Holdings designed a separate micro-operating system that runs parallel with Android. It could also mine Monero coins by 2020.

 had a 16 megapixel dual main camera, a six-inch display with quad-HD+ resolution, a Qualcomm Snapdragon 845 processor, six gigabytes of RAM and 128GB of storage. HTC even teamed up with Binance to release a limited edition version of the Exodus 1 phone.

HTC Chief decentralized Officer Phil Chen reported that Exodus 1 sales met company expectations, and released subsequent versions such as the HTC Exodus 1s, which became the first-ever smartphone able to run a full Bitcoin node.

Buying a crypto phone is an important purchasing decision, given the amount of use mobile phones get. The chief considerations include the phone’s functionality and price tag, as well as its crypto features. Standard phone functionalities aren’t likely to exceed those of existing smartphones on the market. However, the key crypto support features that may tip the scales include security, built-in cryptocurrency wallets and mining capabilities.

Buying a crypto phone may help you secure your cryptocurrency, make it more accessible to use and even help you earn crypto on the go. 

 expect blockchain technology to contribute as much as $1 billion to the telecommunications sector in the next five years. This probably doesn’t come as a surprise, given the interest blockchain technology has generated. The rise of the crypto phone could add to mass adoption and allow crypto wallet ownership to go mainstream.

With decentralization being a prime boon of crypto phones, it’s unsurprising to see mainstream smartphone owners being lured to crypto phones because of their strong focus on security and privacy. As the best crypto phones will bring Web 3.0 applications to users’ attention, this may certainly be one way that crypto projects will reach a wider, more mainstream audience. 

As the cryptocurrency and blockchain industries continue to grow, it’s likely that we’ll see more crypto phones on the market. These phones will probably have even more advanced features and functionality as they aim to meet the needs of an increasingly digital world.

Intermediate

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How Crypto Phones Are Popularizing Web 3.0 & Blockchain Tech

BitTorrent Token (BTT) is a TRC-20 utility token built on the Tron blockchain to integrate web3 technology into torrenting.

Before Netflix, Hulu and Amazon Prime Video ruled the entertainment space, there was BitTorrent. Created in 2001 by American programmer Bram Cohen, BitTorrent allowed the peer-to-peer sharing and downloading of large files on the web.

Unlike other internet protocols at the time, BitTorrent had faster transmission rates and permitted the simultaneous downloading of files. By 2005, 

 showed that BitTorrent led the P2P platforms which accounted for over 70% of internet traffic at the time.

However, despite ruling the internet world, BitTorrent faced serious challenges such as increased piracy, privacy breaches, content unavailability and slow internet speeds that led to inconsistencies when downloading.

Additionally, BitTorrent faced serious challenges in monetizing the platform. Despite its game-changing technology, there seemed to be no viable business model to turn the innovation into a money-making enterprise.

In 2018, the Tron Foundation — led by its founder, Justin Sun — acquired BitTorrent with the vision of decentralizing its services. Following the multi-million dollar acquisition, Tron introduced BitTorrent Token (BTT) in 2019, which was a cryptocurrency designed to provide incentives to 

Let’s explore how shifting from traditional file storage systems to blockchain has been for BitTorrent. Will the use of the BTT token be the magic that transforms BitTorrent into a money mint? Let’s find out.

 built on the Tron blockchain, designed to integrate Web 3.0 technology into torrenting.

 The BitTorrent team believes that blockchain technology will facilitate a decentralized torrent platform that provides a bridge between content creators and viewers, without the need for intermediaries.

Further, the use of BTT cryptocurrency resonates with the torrenting community’s need for uncensored sharing of content in an open and rewarding way. Tron’s

 provide the requisite infrastructure to do exactly that.

The strategic merger between Tron and BitTorrent’s file sharing Protocol via BTT will also assist the mass adoption of blockchain. The BitTorrent P2P platform has millions of active users who are ripe for using the decentralized services provided by the Tron ecosystem. Ultimately, this significant traffic from BitTorrent will help Tron’s scalability in using BTT tokens.

BTT tokens work by merging the P2P file-sharing solutions provided by BitTorrent as a protocol, and Tron as a TRC-20 token. As an internet communication protocol, BitTorrent uses its software to allow the distribution of large files such as movies, videos, games and other digital content by allowing users to download them as small files.

However, since users may receive a single file from multiple providers, there’s the challenge of server and network congestion. That said, BTT seeks to improve BitTorrent's distributed network by providing the incentives necessary to increase efficiency.

, BTT will be the currency used to facilitate micropayments on BitTorrent. BitTorrent employs an on-chain/off-chain approach in which all BTT transactions are first made in a private ledger then transferred to be recorded on Tron’s blockchain which ensures transparency and accountability.

BitTorrent has also launched its own blockchain in December 2021, the BitTorrent Chain (BTTC). It is the world’s first heterogeneous cross-chain interoperability protocol, and runs on the proof of stake (PoS) mechanism, using sidechains for scaling of smart contracts. It supports the seamless transfer of assets between multiple chains at a low cost, such as 

, Binance Smart Chain (BSC), and of course, Tron. BTT is the native coin that drives the BTTC, and is used to pay for gas, staking, and voting.

Since BitTorrent software hit the market, it’s caught the attention of web users globally. With huge clients such as 

, the BitTorrent protocol remains a dependable file-sharing system. Using a torrent platform ensures faster downloads, even of large data, without the need for expensive server equipment.

BitTorrent now has premium paid services for torrent downloaders that ensure a safer torrenting experience. As premium clients, users can enjoy features such as threat protection with automatic scanning before a download, detailed torrent information, and a VPN for one year.

Some of the unique attributes of BitTorrent include:

As a protocol, BitTorrent has been struggling with architectural inadequacies that have severely affected “swarms” (all the peers sharing a file), who have struggled with an imbalance between the upload and download speeds. Once a download is complete, a torrent downloader isn’t incentivized to seed content for other downloaders.

 for its clients to offer seeders BTT as a reward for prolonged seeding, even after a download is complete. The product ensures faster download speeds, since the users have an incentive to share their bandwidth. As a result, there are fewer “swarm deaths,” which has been a perennial problem on BitTorrent.

BitTorrent Speed presents clients with various features. First, the users can create a local BitTorrent wallet, or import an existing one that’s compatible with Tron’s blockchain. Secondly, as an incentive, new users are eligible for a 50 BTT airdrop. Lastly, CAPTCHA integration is added within the Airdrop flow as a security measure against bots. 

BitTorrent File System (BTFS) is the company’s innovative file sharing and storage system. Through decentralization, 

 seeks to address the challenges faced by centralized traditional file storage systems, such as censorship, blown-up maintenance costs and 

Driven by smart contracts, BTFS has a complex interplay of vault, staking, price, 

 and airdrop contracts. Its advanced web3 architecture is composed of nodes that have renters and hosts. The nodes aren’t mutually exclusive; a node can be both a renter and a host. BTFS is powered by two tokens: BTT and 

 (WBTT), which are equal and interchangeable. 

Hosts receive BTT airdrops every seven days for providing file storage services, while renters pay to upload files into the system. As an advanced file storage system, BTFS features user-friendly operations such as file removal, encryption/decryption of files, and multiple file pinning.

BTFS is part of the BitTorrent Chain (BTTC). A combination of BTFS, BitTorrent and BTTC will enhance the development of 

 (DApps), which in turn will ensure scalability and growth.

In line with BitTorrent’s vision of disrupting the entertainment space, the network has brought users 

, a decentralized live streaming platform. Dlive allows low-cost streaming from anywhere around the globe. Since it’s built around BitTorrent’s architecture of nodes and swarms, each viewer’s stream can be distributed outwardly to other peers in the network. Viewers can earn through watching the streams and even stake their BTT on the platform to earn more BTT.

As a peer-to-peer decentralized live streaming network, Dlive doesn’t need servers, CDNs or data warehouses to connect. Streaming on Dlive is easy; you don’t need a password or account to start, and streamers can easily receive tips from their viewers during their livestream. With a feature-packed road map, Dlive will be instrumental in the mass adoption of BitTorrent Token.

 with valid use cases. As the native cryptocurrency for BitTorrent, BTT is used for governance, incentives, rewards and low-cost transactions on the entire ecosystem.

As a unit currency, BTT will ensure precise pricing of services and decentralized trading of computing resources. Due to the immense traffic on BitTorrent, it is not possible to make transactions directly on the Tron blockchain. Instead, the BitTorrent network uses a private ledger that is then transferred to Tron’s public blockchain. Such a system helps process BTT transactions faster, which adds to the health of the entire ecosystem.

BTT coins provide the necessary incentives for network users to continue seeding, even after they’re done downloading. As mentioned, the abandonment of swarms once downloads are complete has negatively impacted the network.

Every BitTorrent user gets the option to create a cryptographic BTT wallet as a way of getting oriented into the BTT-powered platform. The initiative hopes to drive the mass adoption of BTT, whereby millions of users will hold BTT coins in these wallets to power the network.

Looking toward the future, the BitTorrent team is working toward new options of earning and spending BTT. Outside the BitTorrent ecosystem, it is also possible to 

 such as CoinPayments, Plisio, and CoinGate. 

The old BitTorrent Token (token symbol BTTOLD) is a

 powered by the Tron blockchain. It has a total supply of 990 billion tokens. Six percent of the total supply was floated to the public through an initial coin offering (ICO) in 2019, while 2% was allocated to a private sale. Tron Foundation and BitTorrent share an equal allocation of 20% of the supply each. 

The new BitTorrent Token (token symbol BTT) increased its total supply to 990 trillion tokens, and has a current circulating supply of 934.78 billion. It is an upgrade of the old token, from TRC-10 to TRC-20 contract standard. 

Currently, the BTTOLD tokens can be swapped for the new BTT tokens in a centralized exchange or 

BitTorrent Price Prediction — Is BTT A Good Investment?

After its acquisition by Tron, the BitTorrent network has introduced a lot of new value to torrenting. 

 (its new name) has released incredible and innovative products, such as BitTorrent Speed, BTFS and Dlive Protocol which are set to decentralize the entertainment industry.

With an ever-increasing market cap across various cryptocurrency exchanges, BitTorrent cryptocurrency seems to be gaining momentum in the crypto space. However, similar to any other crypto investment, time is a key determinant to the expected ROI on your BTT assets. There’s also the impact of bullish and 

 cycles on BTT’s price for long-term investors. The 

 in the first half of 2022, for instance, has caused a major price drop in BTT’s price, from its ATH of $0.000003035 on January 18, 2022 to $0.0000007118 on June 19, 2022.

 as of the time of writing. Despite the current crypto winter, BTT’s innovation has led various experts to take a bullish outlook on its value. 

 forecasts that BitTorrent’s price will reach an average of $0.00000327 by 2023 and eventually hit $0.00004376 by 2030. However, 

 technical analysis is a little less bullish on BTT, with a price prediction of $0.00000180 by the end of 2023, rising to an average of 0.00000495 by 2030.

Remember, this is not financial advice. It's always wise to do your own research before investing in any token.

BitTorrent coins are available for purchase on numerous top-tier cryptocurrency exchanges, including Binance, Kraken and Bybit. When selecting a suitable and active exchange to trade BTT tokens, it’s important to consider factors such as security, privacy, fee, customer service and availability of trading pairs. Bybit is a top-notch, customer-focused crypto exchange that offers all of these features and more.

As a one-stop destination for your crypto needs, Bybit offers features such as a revolutionary pricing system, lightning-fast matching engine, significant market depth and an HD cold wallet to keep your assets safe.

Once you’ve familiarized yourself with BitTorrent’s price and are ready to actually own the asset, you can easily do so on Bybit, which offers 

. You can follow the simple steps outlined below to buy BTT on Bybit:

 and verify it to complete the registration process.

 To transact BTT on Bybit, you’ll first need to own USDT. To purchase USDT, visit the 

. There, you’ll see several options to buy USDT: 

. Choose the option that’s most convenient for you.

Once you’ve purchased your USDT, click the

 from the drop-down menu. You’ll be directed to the spot trading terminal.

 trading pair on the left side of the trading platform, which usually displays 

To enter a trade, enter the amount of BTT tokens you wish to buy by filling in the values on the right side of the trading terminal.

The strategic partnership between BitTorrent and Tron Network to create the BitTorrent coin was a game changer for the crypto industry, and rightfully so. By leveraging Tron’s robust ecosystem, the BitTorrent protocol has managed to use the BTT token to incentivize its users and enhance the overall torrenting experience on the platform.

With the introduction of innovative products such as BitTorrent Speed, BitTorrent File System and Dlive protocol, Rainberry, Inc. is strategically placed to disrupt the entertainment industry. Decentralized sharing of seed files and downloading is necessary for the torrenting world, especially with increased censorship, and invasion of privacy by different entities. 

Indeed, BTT token brings a viable product to the crypto market, and will remain relevant as the world transitions into the Web 3.0 internet revolution.

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What Is BitTorrent (BTT): Sharing Files The Decentralized Way

The Pi Network is a decentralized network in which its currency is easily mined on smartphones, rather than energy-intensive ASICs or GPUs.

 world is moving faster than ever, with new coins and tokens being introduced daily. This can be quite confusing, especially to the average investor. It can also be difficult to tell whether new cryptocurrency projects are simply ways of making money, or just scams. One of these is Pi Network.

With 33 million “Pioneers” spanning the globe, the 

 is nothing less than a wildfire. Active users of the Pi Network have grown from 1,000 to millions in a mere three years. Just what is Pi Network, and why is it so popular? One main reason is that unlike traditional blockchains such as Bitcoin, Pi tokens can be mined with a single click. Yet there are some uncertainties surrounding the coin. For one, the Pi coin still has no value — as it hasn’t yet been listed on any exchange. Its model is also undeniably similar to multi-level marketing (MLM) and pyramid schemes.

Want to understand more about the workings of this mysterious network? Then read on to find out more about it and decide for yourself if it’s legitimate or a scam.

The Pi Network is designed to be a revolutionary decentralized network in which its currency is mined on smartphones, rather than energy-intensive ASICs or GPUs.

, Pi Network strives to be a more efficient and accessible way of conducting transactions. As compared to traditionally established networks like Bitcoin, which require energy intensive machines, the Pi Network is easy to operate and claims to be energy efficient. It’s still in its initial stages of development, but the team intends to make it the go-to currency for transactions.

It should be noted that the Pi Network’s coin is different from the 

. The Pi Network DeFi aims to smoothen capital flow by allowing people to lend and borrow freely around the world. It runs on the Binance (BNB) blockchain, and is currently listed on a few DEXs, such as 

The Pi Network is a new crypto asset based on 

. It has garnered a wide user base in the initial phase of its launch. Pi Network is different from many other cryptocurrencies because it uses a unique algorithm known as 

 that allows users to earn rewards for participating in the network.

The Stellar Consensus Protocol provides a meritocratic-based algorithm that incentivizes users to contribute to the network by verifying transactions and blocks.

 This means the amount of Pi coins they earn is proportional to the effort they put in. The more users contribute to the Pi ecosystem, the more rewards they earn. This simple model enables people to earn tokens with one click of a button on their mobile phone.

The innovative Stellar Consensus Protocol (SCP) has the potential to revolutionize the way we achieve consensus in distributed systems. The Pi ecosystem is based on a novel approach called the F

, which allows a network of computers to come to a consensus without needing a central authority. The SCP is designed to be secure, scalable, and faster than other protocols like proof of work (PoW) and proof of stake (PoS).

 (PoW) and Stellar Consensus Protocol (SCP) are explained below. 

PoW is the most well-known and widely implemented consensus algorithm, used by renowned cryptocurrencies like Bitcoin and the current version of Ethereum. It’s a mechanism that rewards miners for solving a complex mathematical problem in a block. The first node that solves the problem and validates the transaction is rewarded with cryptocurrency. While it is a very secure mechanism, as the blockchain expands it has become increasingly energy intensive. 

SCP is energy efficient in comparison to PoW, as rewards can be easily mined on smartphones at low energy cost. Furthermore, unlike PoW, all contributors have distributed rewards according to the amount of effort they put to validate transactions. This makes for an even more decentralized protocol, as large organizations will not form mining pools to ensure they get rewarded.

 is the heart of the Pi Network protocol and manages the network topology. It is a distributed algorithm that runs on each node of the network. The algorithm is designed to converge in a finite number of steps, regardless of the network size or the number of nodes. This makes the Pi network secure, decentralized and energy efficient.

This peer-to-peer network allows users to earn rewards by participating in its consensus process through the simple tap of a button. The tokens mined go into the Pi app, which also functions as a 

. It’s currently in its beta phase, and is open to anyone who wants to join and help grow this enclosed network that will eventually move to an open network.

Here’s how you can be a part of the Pi Network:

The Pi coin is the native cryptocurrency of the Pi Network. It’s used to secure the network and power any 

 (DApps) that run on it. Currently, there isn’t yet much purpose or value in holding the token as it hasn’t been listed on any exchanges yet.

The token's maximum supply is based on the Bitcoin model of 

. While the Pi coin may not have any value now, it could see exponential growth once it launches. This is because, like Bitcoin, the mining rate of Pi will be halved every four years. This will cause the supply of Pi to decrease over time, while the demand for it will increase. This could lead to dramatic Pi price increases.

Available both as a Pi app and as a Pi browser, the network is gaining widespread adoption in the crypto space. The Pi Network allows users to easily earn cryptocurrency by participating in its unique mining process. All you need is a mobile phone and an internet connection. While the mining process does consume some of your phone's battery life, it’s not nearly as intensive as Bitcoin’s mining.

On paper, Pi Network seems like a promising project. The big question is whether or not the Pi Network is truly legitimate. Afterall, 

 are commonplace, due to the popularity of crypto as an investment.

While it may be too early to conclude whether Pi Network is a scam, there are some red flags that concern people:

The other side of the coin suggests a few key factors that make Pi Network seem legitimate:

 as it hasn’t been listed on any exchanges yet. However, 

 that the price of Pi Coins could be between $0.1 and $2 sometime in 2022 — once it’s been listed on major exchanges. By the end of 2023, the price of Pi Coins is expected to continue to increase to $5, as more use cases are developed. The Pi price prediction up till 2025 is highly optimistic, with their value forecasted to touch a milestone of $60.

The main reason for Pi coin's potential price increase is its limited supply. Only a finite number of Pi coins will ever be created, which means that as the demand for this currency grows, its price will continue to rise. Additionally, the Pi coin is backed by a strong development team constantly working on improving the currency. These advantages suggest that the Pi coin is likely to become popular in the coming years, driving its price even further.

. It further highlights that it’s vital to DYOR (do your own research) before investing because of the controversies surrounding Pi Network. This suggests that it may be a high-risk investment with a correspondingly high chance of failure.

There’s no denying that Pi Network price predictions are pure speculation. However, it doesn't mean one shouldn’t be inclined to invest in it. Since it’s free to mine Pi coins, if they get listed on major exchanges, all Pi miners will be able to reap instant profits. Moreover, its limited supply and the fact that it’s led by reputable Stanford graduates make it a very promising investment once it gets its full launch. 

That said, again, it's vital to DYOR before investing — as is the case with any 

On the surface, there are a lot of advantages to the Pi Network. Its innovative combination of blockchain and peer-to-peer technology enables it to be used by anyone, anywhere in the world. This decentralized network also has no fees, and is faster and more energy efficient than traditionally operated blockchain systems. 

Yet, Pi coin currently has no value, and its creators are already profiting from the network. That said, investing in it for now only costs you your time and your privacy, not money. So if you have the time —and don’t mind revealing your personal information — you can choose to download the app and earn tokens with a simple click.

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Pi Network: The New Bitcoin — Or a Scam?

Find out how much you can earn from Helium mining and how to set up a Helium miner to maximize your earnings.

 network, connecting data across the internet through physical devices known as Helium miners. Also known as 

, this decentralized platform enables a practical adoption of the 

With Helium Network, it's not just your phone that connects to the internet — it's everything in your home. You can connect your smart door lock or smart fire alarm to the internet and receive data anywhere. 

Innovative home products aren’t the only application for IoT devices. The IoT can also help businesses reduce costs while increasing efficiency with retail data tracking and analysis. 

If you’re interested in helping to boost this technological advancement in our lives, you can easily contribute to the process — and even earn profits while doing so! All you need is a Helium miner, also known as a hotspot.

But what exactly is a Helium miner, how does it work, and where can you get it? Read on to find out all you need to know about this intriguing device.

 is a distributed network of long-range wireless hotspots designed to provide a decentralized wireless network for connected devices that are part of the Internet of Things. 

IoT devices are intelligent “gadgets” that connect and exchange data over a network, providing a much wider range of connection as compared to Wi-Fi. With Helium, you'll never have to worry about your Wi-Fi connection going out again.

With Helium's decentralized network of intelligent devices, a centralized hub or router is no longer required: Each device can connect directly to other devices within the vicinity. 

, so people can set up hotspots that act as Helium miners and serve data to devices. This entirely new incentive model enables miners to earn hundreds to thousands of dollars every month by simply buying a hotspot and plugging it in. 

So whether you're working from home on a Saturday morning or trying to get some work done while out at the park with friends, you'll always know that your Helium miners are helping you earn Helium tokens (HNT).

The Helium Network is built on a decentralized architecture that uses long-range radio waves to reach broad areas. Combining this technology with blockchain can create a wireless network that’s more reliable than the network offered by traditional wireless providers.

Helium hotspots provide long-range wireless coverage for millions of devices within the Helium Network. This blockchain technology is called proof of coverage (PoC), a unique version of 

 that blockchain platforms like Ethereum and Bitcoin use to validate transactions.

There are two ways to earn HNT tokens. Helium miners can earn HNT either through transferring data to other devices in the network or through proof of coverage.

The Helium blockchain boasts a widespread network; hence, it’s essential to validate that miners are providing proper wireless network coverage from time to time. This is where proof of coverage comes into play. The PoC algorithm checks on the radio frequency properties frequently to ensure that reliable coverage is consistently being produced.

Helium's unique proof-of-coverage model makes it possible for anyone to set up a hotspot and earn HNT for providing coverage to devices around them. As soon as the HNT is mined, it’s burned from the circulating supply of HNT to produce Data Credits. 

The devices that use the Helium Network require Data Credits for accessing the network. Burn-and-mint equilibrium is created when HNT and Data Credits are created and removed, thus generating a supply-and-demand-based Helium economy.

Earnings from relaying data to devices is straightforward. The more data transferred, the more the miner or hotspot earns. On the other hand, to earn from proof of coverage, hotspots have to witness or pass randomly assigned tests. 

Helium miners routinely challenge other hotspots around them through radio waves to prove to the network that they’re recording the quality of the coverage. This is a measure used by the PoC algorithm for determining network quality, and it’s recorded on the blockchain.

The PoC protocol consists of three roles: 

Helium miners frequently initiate challenges to random neighbor hotspots. The challenged hotspot must relay the accurate data to prove it’s operating correctly, and in the location it claims. Other nearby hotspots witness the challenge by verifying the information relayed and checking that the whole process goes as expected.

When the PoC challenge is completed, the mined HNT is then automatically sent to the 

How Much Can You Earn From Helium Mining?

Contributors to the helium ecosystem earn HNT by mining and building the coverage for The People's Network using a compatible hotspot. Depending on your location, the amount of HNT you earn may vary. In February 2022, a participant claimed that he was able to earn 

The Helium Network is built to encourage broad coverage, using a reward scale metric to reach this goal. Helium says that there should be 

A Helium miner's reward scale is a number between 0 and 1 that serves as a multiplier for rewards earned from challenges. If you're located too close (inside 300 meters) to several hotspots, your reward scale will be reduced because of increased competition, resulting in lowered mining of HNT from challenges or tasks. 

You can easily check the density of hotspots within a location via 

. The explorer also shows the total amount of HNT that a specific hotspot has mined for the past 30 days. With this information, you’ll be able to gauge approximately how much you can earn, based on your location.

What Is a Helium Miner (or ‘Hotspot’)?

A Helium miner (or “hotspot”) is a wireless device that earns you tokens for your coverage. While the network’s early beginning only required one type of hotspot to perform all of Helium’s challenges, new kinds of hotspots are designed to cope with the rising demands of the rapidly expanding blockchain.

: These can receive all rewards for their participation in activities, including proof-of-coverage activities.

: These are an evolution of full hotspots in the sense that they’re software, rather than a physical device.

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