Holochain is a distributed computing network that has thepotential and can work faster than blockchain technology. It is said to haveunlimited ability to measure using a peer-to-peer (P2P) network, so that asdistributed applications are added, there will be no downgrading in networkperformance. The unit of the cryptocurrency is HOT token.
Holochain provides basic technology to allow people tocommunicate, by choosing what data they share. Thus, Holo creates a bridgeplatform between Holochain users and traditional internet. Also, Holochain isseeing an increase in adoption of new Holochain applications (hApps), givingdevelopers another effective and cheap alternative to blockchains. In addition,this is achieved with very low pre-cost and efficient costs, immediate purchaseresults, and without the usual compliance algorithms.
Holo was founded by Arthur Brock and Eric Harris-Braun, both previouslyworked as Artificial Intelligence experts in Hughes and Chrysler. Brock hasdesigned a number of software programs while Eric is well versed in the fieldof software infrastructure. He has also established several cryptocurrencyplatforms. Holo is built on Ethereumblockchain.
The reason to build Holochain was to create a distributed internetwith 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 whichrelationships can be determined or ignored by intermediate organizations.
Holo aims to do what Uber did in taxis or what AirBnB did inbackup houses, by removing requests from applications from central data centersto 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 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 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 as a blockchain, but Holochain is not a blockchain, and likewise, Holo is also not a token. It is a mutual-credit crypto-accounting system "developed by Holochain for use among participants and protection from the volatile orspeculative 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 micro-transactions.
· 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 socialnetworking without being hired on a central web. Users can transfer their dataacross 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
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.
U.S. Patent granted for Holochain distributed app framework.
Holo price faces major resistance as few cracks in the front appeared.
Holo has many features and makes use of a numberof concepts that make it very different from other competitors. Holo uses agentcentric approach and is different from the data centric approach used by manyplatforms. This approach enables Holo to create an advanced ecosystem thatworks without compromise-based distribution methods.