- Helium network is a blockchain-based ecosystem for IoT.
- IoT is a concept where physical objects are linked to devices to obtain and exchange data.
- Helium network suffered an outage for a short time span.
Helium Network Got Healed In 4 Hours
Helium network is a blockchain-powered network associated with the Internet of Things or IoT. It has a network of nodes called hotspots. Operators of nodes can mine and earn HNT, native token of Helium. Network’s objective is centered towards the future of IoT, and aims to make the concept better than ever.
Recently, the Helium network outage disrupted production of blocks. No one was able to conduct any transaction. The event went on for 4 hours at block number 1435693. Consensus Group operating on the same network on which the cloud service Amazon Web Service operates, which suffered some technical issues too. The local network outage is also believed to be a reason behind this.
The core team is investigating an issue causing the Consensus Group to stop producing blocks. At this time, submitting transactions to the blockchain will remain pending and will not clear. Device data transfer is not affected. More updates to come.
— Helium
As this article was being written, HNT, the native cryptocurrency of Helium network, was exchanging hands at $8.78, downtrending by 3.19% during the past 24 hours.
How Internet Of Things Will Affect The World
The Internet of things is an interesting concept, which we are experiencing in our daily lives. We travel through cars, and we can see there’s a traffic jam 8 kilometers ahead in the GPS, we change the route. How is this possible? Through the internet of things obviously. Even Alexa and her rival Siri are a product of this notion.
The goal of many networks like Helium is to offer solutions for our daily life problems. Technology has made it possible to implement the IoT concept via various devices. Driving, Security, Jobs, Lighting at homes or offices, and many more things can be controlled by smart devices. The notion is to make the lives of people simpler.
We assume that, Internet of Things is among the ideas that will take over the world, alongside play to earn gaming, DeFi, and more. Organizations are constantly developing this tech to eliminate any issues, and make people’s lives flawless.
Source: https://www.thecoinrepublic.com/2022/07/12/helium-network-outage-solved-in-few-hours/