What is Holo (HOT)?

Holo (HOT) is an open-source or a peer to peer platform that helps in hosting or developing decentralized applications and does not require the help of blockchain technology! The network functions similar to a cloud hosting market which is built for decentralised apps or dApps. It helps in creating a bridge between the broader internet and the apps that are built using Holochain. In doing so, it offers an ecosystem and marketplace in which users or developers can easily access the dSpps, since they are hosted on the internet by the participants of the Holo network.

Holo is a unique network that incorporates an agent-centric approach to the market. By making use of the Holochain, anybody is able to take an advantage of low-cost cloud-hosting providers in order to build strong dApps.

Holo tokens (HOT) were issued during January 2018 with the initial token sale of 25 billion HOT, along with a supply ceiling of 250 billion HOT. The Holochain organisation and crew has a control of about 25% of the overall HOT supply, while the investors and the network members own around 75% of the total HOT supply.

Who Are the Founders of Holo?

The Holo network was founded by experienced contract coders, Arthur Brock and Eric Harris-Braun. Both of them first started working on the project back in December 2016 as a part of the MetaCurrency Project.

Brock has previously been working in building an alternative currency systems as he was the founder of Geek Gene; a company which developed community-building tools, along with co-founding social-enterprise incubator Emerging Leader Labs.

Harris-Braun on the other hand started programming full time since 1988. He is the founder of Glass Bead Software, which is a developer of peer-to-peer communication software, as well as co-founder of Emerging Leader Labs alongside Brock.

What Is Holochain?

Holochain is said to be the solution to all the existing blockchain issues; such as achieving high scalability while trying to keep transaction fees low. It is an open-source framework that helps with enabling the creation of true P2P applications.

Read More: How to buy Bitcoin in India?

How Does Holo (HOT) Work?

Holo has found a way to include an innovative P2P architecture which helps applications to directly connect the user devices to each other by using secure networks, which in turn functions as separate source chains. These chains are inclusive of separate nodes which are verified against one another. As all programmes operates on devices, the Holo network has the ability to quickly build self-owned identities and data.

Once a new DNA sequence joins the network, the system creates a source chain. Once created, all of the data generated by a user’s DNA gets saved on that. Since all transactions are signed with a private key, this procedure caters to additional security.

What Makes the Holo Network Unique?

hApps

The intent of the Holochain is to enable developers create various applications or rather hApps on the Holochain network; available for the public to access.

Passive Income Opportunity

Holochain makes it possible for users to share their idle computational resources in order to power various Holochain applications. As a result, they generate a reliable source of passive income via HoloFuel tokens.

Greater Accessibility

As the hApps are built on Holochain, the purpose of Holo is to make those hApps easily accessible to all internet users who might not yet have the full knowledge to be ready to install and test complex protocols; such as Holochain.

Holo (HOT) Price Analysis

Source: TradingView

• The Holo price today is currently $0.001977 with a 24-hour trading volume of $34,166,600. The Holo price has been up 1.41% in the last 24 hours; as of April 4, 2023.

• As per the RSI strategy, the HOT price can see a surge in price given the current scenario carries on.

• As per the market sentiments, the HOT price has the potential to  reach $0.003857 by the end of 2023 and start the new year around the same levels.