In this article, What is Holochain (HOT)? We will try to answer the question and provide detailed information about the project.
In this article, What is Holochain (HOT)? We will try to answer the question and provide detailed information about the project.
What is Holochain (HOT)?
Holo Coin (HOT) is a decentralized cloud storage platform built on proprietary blockchain technology called Holochain that provides space for hosting distributed applications (DApps), embedded directly in its architecture and protocol.
Holochain helps people have their own data, control their own identity, and play an important role in connecting applications to suit users’ needs. Moreover, Holochain helps trade without a centralized system, making transactions faster and cheaper than ever before. Also, Holochain provides protocols and command lines that follow a standard to help people create their own distributed applications and calculate the cost so that everyone can use the application together.
The HOT token is Holo’s main cryptocurrency used by the platform for various purposes such as paying for decentralized applications on the platform, transaction fees, etc.
What are the Features of Holo?
Faster: Applications hosted in the holochain system do not need to be synchronized through a third party, so users may notice a small change happening much faster than applications using Blockchain.
More effective: People don’t need to make an extra copy of every change, it makes the Holochain exponentially more affordable. This means that Holochain can be used for things that the blockchain cannot solve, such as accounting for micro transactions.
Scalable: Holochain supports applications with millions of concurrent users thanks to its parallel architecture. Also, users can extend applications by connecting them with other applications.
Can adjust: Users can adjust applications and processes themselves to meet their needs while downloading and using.
Team
The Holochain project development team is a collection of enthusiasts building a distributed cloud storage platform. Below are some of the leading members of the Holo team:
Arthur Brock: Co-founder and CEO of Holo. He was previously the founding architect of Metacurrency.
Eric Harris-Braun: Co-founder of Holo, formerly one of the founders of Metacurrency, Harris-Braun Enterprises, LLC and Glass Bead Softwaree.
David Atkinson: Founder of Heart Artificial Intelligence is Holo’s director of finance and law.
Additionally, there are many talented members like Anders Aamodt, Connor Turland, Celestial Hanley, and each has its own role.
Result
In terms of ideas, Holochain is not the only one, there are quite a few cloud computing platform projects, but not every project is done as Holo. The Holo project launched its own practical product Holo port, which allows users to plug-in, operate and lease storage space and computing power to easily retrieve Holo Fuel.
Also, Holo has a strong development team that can lead the project in the future; a large community is also a factor everyone should consider. In summary, HOT is a highly potential future cryptocurrency that traders should put into their long-term portfolios.
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