San Jose opts not to extend crypto pilot
— Network, Helium, Jose, Tokens, Opts, Launched, Digital, Crypto, Inclusion, Extend — 1 min read
The pilot with Helium was announced in September and ran from January. Volunteers hosted 20 hotspot nodes on a decentralised IoT network. These mine Helium cryptocurrency tokens (HNT) based on providing wireless coverage and transferring data from nearby devices. San Jose’s programme set out to cover the expenses of low-cost internet plans for over 1,300 low-income households for a year. The decision comes during what is being described as a ‘crypto winter’ as the value of Bitcoin and others has plunged in recent months. Miami was the first to agree to accept funds from CityCoins, which aims to create a new revenue stream for local governments alongside miners through city-specific crypto tokens. Miami received a US$5.25 Source