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> Helium started as a traditional centralized IoT project, realized that centralization was a limiting factor, then joked about turning it into a blockchain app
by PragmaticPulp 6y ago
> Helium started as a traditional centralized IoT project, realized that centralization was a limiting factor, then joked about turning it into a blockchain application. Now it is over $1.5bn market cap and provides a real-world utility.
Why did you need to create a new, unique token anyway?
How much of that market cap would you estimate is used for utility versus simply being held for speculation?
- onebot 6y agoProof of Coverage was a new model that couldn't be easily done with a layer 2 protocol. I think it could be done now with Solana, but SOL wasn't live when we started.