Holo HOT Price

What is Holo (HOT)?

Holo and Holochain, both integral to the decentralized application (dApp) ecosystem, represent a pioneering leap in the realm of peer-to-peer interactions. At the forefront, Holo (HOT) serves as the native token fueling the Holochain platform, offering a gateway to a peer-to-peer distributed network designed explicitly for hosting decentralized applications. Holochain, a cutting-edge open-source framework, lays the foundation for resilient, scalable, and remarkably efficient dApps, shunning traditional blockchain structures. Unlike conventional blockchains, Holochain apps operate sans tokens or mining, positioning themselves as thousands of times more efficient. Holo officially launched its mainnet for open alpha and beta testing in 2021.

One of the distinctive features of Holo rests in its capacity to provide an open-source marketplace, leveraging cloud storage infrastructure to empower developers in crafting and deploying applications onto the Holochain blockchain. This unique architecture facilitates scalability, security, and incentivizes transaction validation within the ecosystem. The HOT token, serving as the native cryptocurrency, plays a vital role in the network.

What sets Holochain apart is its unconventional approach to consensus and data validation. Unlike typical blockchain setups, Holochain eschews global consensus, with each dApp possessing its own validation rules and local hash chains. Transactions are validated by random peers using a gossip protocol, ensuring the network's integrity and reducing the computational resources required. This innovative structure offers a bridge between the centralized internet and Holochain, enabling users to interact within a secure, decentralized framework, fostering end-to-end encrypted connections between hosts and applications.

The versatility of Holochain applications spans various domains, from social networks to supply chains, peer-to-peer platform cooperatives, and collaborative systems. The absence of enforced currencies allows for tailored issuance, empowering users with data ownership and control. The Holochain framework, employing languages such as JavaScript and Lisp, lays the groundwork for user-centric applications that prioritize mutual-consent interactions and data sovereignty.

What is unique about Holo (HOT)?

Holo (HOT) serves as the native token for the Holochain platform, fueling a peer-to-peer distributed network that hosts decentralized applications. It operates without tokens or mining, offering high efficiency and an open-source marketplace.

Who are the founders of Holo (HOT)?

Eric Harris-Braun and Arthur Brock are among the key figures behind Holo and Holochain.

Who are the backers/investors of Holo (HOT)?

Holochain Foundation, General Catalyst, Y Combinator, AlphaDAO and more.

What is the consensus mechanism of Holo (HOT)?

Holochain operates with an unconventional consensus mechanism, where each decentralized app (dApp) possesses its own validation rules and local hash chains, validated by random peers using a gossip protocol.

Where can I buy Holo (HOT)?

You can buy Holo (HOT) on Binance, Bitget, MEXC, Gate.ioCrypto.com cryptocurrency exchanges.