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A16z-Backed 5G Project Token Rallies 32%, Outperforming Bitcoi | Helium Waves Stepn

A16z-Backed 5G Project Token Rallies 32%, Outperforming Bitcoin, Ethereum

The
Helium Network, a decentralized peer-to-peer 5G wireless network, raised $111 million in August in a token sale led by Andreessen Horowitz. Unlike traditional cellular networks like Verizon or AT&T, the Helium network uses a revolutionary decentralized infrastructure powered by hotspots. These hotspots are small, wireless devices that are connected to the Helium blockchain and provide range and accessibility without relying on costly cell towers centralized by major cellular operators.

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