Helium Foundation Protocol Update
The Helium Foundation has implemented crucial adjustments to the IoT and mobile verifiers to eliminate leap year calculations from the reward system. This strategic move is aimed at optimizing operations and enhancing the efficiency of the reward mechanism.
Leap Day Emissions Schedule Modification
The protocol engineers have restructured the IoT and mobile verifiers, removing leap year computations from reward estimations. This alteration is slated for implementation in the forthcoming reward epoch.
Impact on Reward Incentives
The transition from a 366-day to a 365-day emissions structure over the upcoming year is anticipated to have a minimal impact on reward incentives. These adjustments are already embedded in the on-chain emissions program design, circumventing the need for yearly adaptations. Future revisions will focus on updating emission targets for the subsequent halving cycle.
Reduction in HNT Emissions
In line with the protocol specifications, HST emissions have been decreased from 31% to 30% of the total HNT emissions. This modification has led to an enhanced distribution of HNT among subnetworks. It is important to note that a gradual 1% annual reduction is planned until the emission pool stabilizes at 15% following the network's 20th year.
Current Market Trends
The HNT token is presently valued at approximately $5.09, showcasing a notable 7.37% surge in the last 24 hours, positioning it as one of the top gainers on CoinMarketCap for the day.
Recognition and Sector Growth
Helium, together with Filecoin and Render Network, has been acknowledged as one of the prominent DePIN initiatives propelling decentralized infrastructure evolution. The DePIN sector has observed substantial expansion, with over 650 new projects and an impressive market capitalization of $23 billion.
Network Expansion in Mexico
Earlier this year, Telefónica and Nova Labs collaborated to extend network coverage in Mexico through the expansion of Helium Mobile Access Points. Leveraging the OpenWifi standard, this project aims to seamlessly connect Movistar users to the Helium Mobile Network, streamlining connectivity services for enhanced user experience.
