Let’s start by briefly giving some background about MatchX. Just like Helium, MatchX is looking to build a decentralized network using Lo-ran technology. Over the last few years, the Internet of Things (IoT) applications have been significantly improving and the number of utilities is only going to get better.
The collection of data is critical for urban infrastructures and governance. The Internet of Things (IoT) is at the core of data collection for empirical urban policy-making. Plenty of connected devices are sensing data across cities: in vehicles, infrastructure and buildings.
With over 600k miners, Helium has made an impact and we are already seeing its usefulness today.
How is MatchX changing the world? 🌍
We have had our fair share of frustrations with WiFi and Bluetooth — two primitive and limited technologies that has frequent drops in connectivity and limited reach. There is a massive strain placed on the current wireless systems causing network overcapacity and leading to loss of data.
MatchX aims to solve this problem by leveraging LoRaWAN.
For devices that need to send small amounts of data over long distances without exhausting their batteries, LoRaWAN is the state-of-the-art smart city network technology.
MatchX, just like Helium, is competing with each other to bring a complete decentralized network.
Two very different companies with different strategies, mining, hardware are calling us to help bring the network to life.
How do they compare?
Both Helium and Match X are using the blockchain to build a decentralized network. Investors who purchased miners are rewarded cryptocurrency for providing wireless coverage for data transmission of their clients. The blockchain rewards Helium miners with standalone crypto known as HNT, while Match miners are rewarded with MXC. The matchx m2 pro IoT mineris also knows as the bitcoin mining pro.
MatchX is currently stating that the mining rewards are somewhere between $10-$15/ day. You might wonder how this is sustainable for MatchX and how they plan on continuing to pay the community with such high rewards.
Let’s show how this would be possible by explaining how the early days of Helium Mining resemble today’s MXC mining.