Holo
Holochain is a distributed computing network that has the potential and can work faster than blockchain technology. It is said to have unlimited ability to measure using a peer-to-peer (P2P) network so that as distributed applications are added, there will be no downgrading in network performance. The unit of the cryptocurrency is HOT token.
Holochain provides basic technology to allow people to communicate, by choosing what data they share. Thus, Holo creates a bridge platform between Holochain users and traditional internet. Also, Holochain is seeing an increase in the adoption of new Holochain applications (hApps), giving developers another effective and cheap alternative to blockchains. In addition, this is achieved with very low pre-cost and efficient costs, immediate purchase results, and without the usual compliance algorithms.
Holo was founded by Arthur Brock and Eric Harris-Braun, both of whom previously worked as artificial intelligence experts at Hughes and Chrysler. Brock has designed a number of software programs, while Eric is well-versed in the field of software infrastructure. He has also established several cryptocurrency platforms. Holo is built on the Ethereum blockchain.
The reason to build Holochain was to create a distributed internet with the user’s independence in mind. By changing the way we distribute, store, and process data, Holochain is rethinking how this affects our communication. Holochain aims to create an "extra human network", in which relationships can be determined or ignored by intermediate organizations.
Holo aims to do what Uber did in taxis or what Airbnb did in backup houses by removing requests from applications from central data centers to consumer-level devices across the Internet.
Holochain is creating an internet that works for individuals, not companies. Holochain enables people to control their data and online identity while creating and connecting with applications that meet their needs without relying on medium-sized companies.
In addition, Holochain uses post-blockchain technology to distinguish between data integrity and data security. This is achieved in a way that does not use proven Proof-of-Work (PoW) or Proof-of-Stake (PoS) methods.
Holochain offers developers the opportunity to quickly and successfully create web applications. Moreover, with Holochain's core focus on scalability, the protocol can make global infrastructure compared to Twitter or Facebook, without any central data centers or storage.
On top of Holochain sits Holo, a distributed network of hosts and users who share and use computer capabilities to hold split applications (dApps), data storage, etc., and strangers are paid for their services. Some may consider Holochain a blockchain, but Holochain is not a blockchain, and likewise, Holo is not a token. It is a mutual-credit crypto-accounting system developed by Holochain for use among participants and protection from the volatile or speculative practices common to crypto projects.
The use cases of Holo are:
· Holo promotes the idea of economic sharing. It also allows users to form cooperative partnerships and network with larger communities. They later shared resources using Holo-operated microtransactions.
· The platform offers a secure sharing system for the medical field as well. The forum enables medical professionals to record and manage data based on analysis and data.
· The Peer-to-peer infrastructure that Halo operates enables users to enjoy social networking without being hired on a central web. Users can transfer their data across all platforms using the healthy Halo ecosystem.
Total Supply- 177.62 billion
Circulating Supply- 177.61 billion
Market Cap- $824.8million
24 hr. Trading volume- $45.5 million
Price-$0.0046
25% of the total value of the service is held by the Holochain organization and group.
75% of the total HOT offer is held by investors and network participants.
Holochain organization and group hold 25% of the total HOT supply.
Investors and network participants hold 75% of the total HOT supply.
DATE NEWS/EVENTS IMPACT 07/05/2022 TerraUSD and LUNA both collapsed, and as a result, a number of crypto platforms folded in the aftermath -41% Decrease 25-03-2021 U.S. Patent granted for Holochain distributed app framework. +365% Increase 30-01-2019 Holo price faces major resistance as few cracks in the front appeared. -22% Decrease
Holo has many features and makes use of a number of concepts that make it very different from other competitors. Holo uses an agent-centric approach, which is different from the data-centric approach used by many platforms. This approach enables Holo to create an advanced ecosystem that works without compromise-based distribution methods.
