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About Holo(HOT)
What Is Holo?
Holo is a peer-to-peer hosting platform that seamlessly combines the benefits of both decentralized and centralized systems, eliminating the drawbacks commonly associated with them. Founded by Arthur Brock and Eric Harris-Braun in 2017, Holo aims to revolutionize the way we perceive and use applications in the digital space. At its core, Holo facilitates a distributed hosting environment for Holochain applications, commonly referred to as hApps, enabling a bridge between the decentralized world of blockchain and the centralized web that we use daily.
The Holo network employs technology akin to peer-to-peer file-sharing systems like BitTorrent and version controllers like GitHub. This innovative approach allows app developers to host their app's code and database on their devices, distributing them to others with surplus computing power who can maintain a 24/7 online presence. This strategy not only ensures data integrity but also optimizes the collective computational power of the network, avoiding the scalability issues often encountered with blockchain networks.
Resources
Whitepaper: https://holo.host/whitepapers/
Official Website: https://www.holochain.org/
How Does Holo Work?
Holo operates on an agent-centric approach, where every node in the network runs its own blockchain as a database for multiple applications. This framework gives users more control over their data, allowing them to make alterations to the backend code, which traditionally remains locked in servers. This transparent and verifiable process brings user consent to an unprecedented level, promoting a more data-friendly internet.
In the Holo network, nodes have the autonomy to choose which apps to host, based on the smart contract agreements set by the app developers. This dynamic system adjusts the payout for renting computing power based on the number of nodes hosting the app, ensuring a balanced and efficient network. The Holo application framework safeguards the data of all parties involved, including the app developers, users, and the nodes hosting the app and user data, establishing a secure and reliable ecosystem.
Furthermore, Holo introduces a community-run cloud server, where changes to the app are distributed across the network to those hosting the app, verified through unique cryptographic signatures to prevent unauthorized alterations. This decentralized network, however, does not guarantee the decentralization of the applications themselves, as developers retain the right to make changes to the app's source code.
What Is HOT Token?
The HOT token is the native token of the Holo network. Initially launched in 2018, the HOT token facilitates transactions between developers and Holo nodes, governing the distribution of apps and computational resources. The upcoming release of the Holochain mainnet promises to enhance data security and introduce HoloFuel, a new native coin that can be swapped with HOT tokens at a 1:1 ratio, offering expanded utility and facilitating a seamless exchange process within the Holochain ecosystem.
Holo's Impact on Finance
Holo's innovative approach to app hosting presents a promising alternative to the existing decentralized philosophy, potentially paving the way for a more data-friendly internet. By empowering users with greater control over their data and offering a scalable, secure, and energy-efficient platform, Holo stands as a formidable contender in the blockchain industry. Its potential to facilitate billions of microtransactions daily through a mutual-credit accounting system positions it as a significant player in the financial sector, promising a future where transactions are faster, more secure, and user-centric.
Moreover, Holo offers a lucrative opportunity for individuals to generate passive income by sharing idle computational resources, fostering a community-driven financial ecosystem. As the adoption of Holochain and the Holo network increases, the value of the HOT token is expected to appreciate, presenting a potentially rewarding investment opportunity in the burgeoning cryptocurrency market.
What Determines Holo's Price?
In the ever-evolving world of cryptocurrencies, the Holo (HOT) price has been a hot topic, attracting keen interest especially due to its promising trajectory and innovative technology. Established in 2017 by founders Eric Harris-Braun and Arthur Brock, the Holo network emerges as a potent alternative to traditional blockchain technology, presenting a peer-to-peer (P2P) hosting platform for Holochain applications, or hApps.
Aiming to bridge the gap between the decentralized world of Holochain apps and the central web infrastructure we use daily, the Holo network fosters a fresh economy of P2P transactions. This distinctive approach to decentralized hosting has grabbed investors' attention, catapulting the Holo (HOT) price today into trending topics in the cryptocurrency sphere.
Acting as the native cryptocurrency of the Holochain, the HOT token functions as a utility within the Holo network, rewarding users who contribute computational power to the network. Currently anchored on the Ethereum network, the HOT token is slated to soon be exchangeable for HoloFuel, a mutual-credit currency underpinned by an asset, potentially enhancing its utility and influencing the HOT crypto price prediction. As of this writing, the total supply of HOT tokens clocks in at around 177.6 billion, boasting a market cap nearing $182 million and a current value of $0.001056 USD. Investors and aficionados keeping track of the Holo (HOT) live price update and HOT token price USD are scrutinizing these metrics closely, acknowledging their critical role in HOT token price analysis.
Conclusion
In the rapidly evolving realm of blockchain technology, Holo emerges as a groundbreaking peer-to-peer hosting platform, marrying the decentralized world of blockchain with the everyday centralized web infrastructure. Its unique agent-centric approach, characterized by enhanced user control and data transparency, is revolutionizing the digital application space, fostering a new era of user-friendly internet. At its core, the Holo network utilizes its native HOT token, a key player in facilitating transactions and computational resource distribution within the ecosystem. As Holo positions itself as a significant player in the financial sector, offering scalable and secure solutions, it beckons a promising future with faster and more user-centric transactions. Moreover, with the upcoming integration of HoloFuel, the network stands poised to further cement its stance in the cryptocurrency market, potentially offering lucrative investment opportunities. Keep a close eye on the Holo network as it continues to redefine decentralized hosting and blockchain applications, ushering in a new wave of innovative, community-driven financial ecosystems.
HOT to local currency
Crypto calculator- 1 HOT to USD$0
- 1 HOT to JPY0.0021417676
- 1 HOT to VND0.0021417676
- 1 HOT to RUB0.0021417676
- 1 HOT to EUR (Español)0.0021417676
- 1 HOT to TRY0.0021417676
- 1 HOT to EUR (Italiano)0.0021417676
- 1 HOT to EUR (Français)0.0021417676
- 1 HOT to EUR (Deutsch)0.0021417676
- 1 HOT to CNY0.0021417676
- 1 HOT to TWD0.0021417676
- 1 HOT to EUR (Português)0.0021417676
- 1 HOT to IDR0.0021417676
- 1 HOT to THB0.0021417676
- 1 HOT to PLN0.0021417676
- 1 HOT to UAH0.0021417676
- 1 HOT to UZS0.0021417676
- 1 HOT to SAR0.0021417676
- 1 HOT to PHP0.0021417676
How to buy Holo (HOT)
Trade HOT perpetual futures
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The current price of HOT is $0.002142, with a 24h price change of -4.02%. Traders can profit by either going long or short onHOT futures.
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Holo news
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“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
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Holo Social Data
In the last 24 hours, the social media sentiment score for Holo was 4, and the social media sentiment towards Holo price trend was Bullish. The overall Holo social media score was 586, which ranks 626 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Holo being mentioned with a frequency ratio of 0.01%, ranking 466 among all cryptocurrencies.
In the last 24 hours, there were a total of 354 unique users discussing Holo, with a total of Holo mentions of 97. However, compared to the previous 24-hour period, the number of unique users increase by 1%, and the total number of mentions has decrease by 1%.
On Twitter, there were a total of 2 tweets mentioning Holo in the last 24 hours. Among them, 100% are bullish on Holo, 0% are bearish on Holo, and 0% are neutral on Holo.
On Reddit, there were 28 posts mentioning Holo in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 22% . Additionally, there were 0 comments mentioning Holo. Compared to the previous 24-hour period, the number of mentions decrease by 0%.
Visão geral das redes sociais
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