Holo HOT

$0.0011
Market Cap $ 151.314 MM (#48)
24h Volume $ 5.802 MM
Chg. 24h: 3.20%
Algo. score 3.9/5  (#56)
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Holo project purpose and description

Holo clarity of purpose

Holo purpose and aspects

Holochain is a data integrity engine for distributed applications. It uses a validating DHT (Distributed Hash Table) where every user has their own chain. A transaction is signed and countersigned onto each parties chain and then this information is published to the shared Distributed Hash Table. (Never heard of a DHT? One of the more famous Hash Tables used is found in BitTorrent.) THIS IS NOT a blockchain. Holo is an ecosystem built on top of Holochain and composed of hosts and users of distributed computing. Hosts can host truly distributed apps and get paid in Holo fuel for hosting. Holo fuel is not a token or a coin—it’s an asset-backed mutual-credit crypto-accounting system. Holo fuel combines the idea of mutual-credit currencies that enable healthy ecosystems of flow and balance with cryptography for data integrity to create a type of cryptocurrency designed to be useful and relatively stable for the promotion of growth in active ecosystems, and not stagnant, volatile, or conducive to speculation. Simply put, we are building Holochain to create not just a decentralized internet, but a distributed internet. Applications of all kinds will be built on Holochain and since it will be truly peer to peer, the future internet will not be beholden to the current internet hosting industry.

Short description

Holochains support decentralized data storage for distributed applications. A holochain functions very much like a blockchain without bottlenecks when it comes to enforcing validation rules, but is designed to be fully distributed through sharding so each

Abstract

Holochain is a data integrity engine for distributed applications. It uses a validating DHT (Distributed Hash Table) where every user has their own chain. A transaction is signed and countersigned onto each parties chain and then this information is published to the shared Distributed Hash Table. (Never heard of a DHT? One of the more famous Hash Tables used is found in BitTorrent.) THIS IS NOT a blockchain.

Link to Roadmap: https://holo.host/
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