Holo News
What Is Holo ?
Holo is a decentralized web hosting platform that gives web users access to distributed Holochain applications. Holochain is used instead of a blockchain; you will find out the reason as you read on.
Developers use Holo with its’ Holochain Apps to enable users to have easy access from a browser. End users can type in a URL to access the decentralized App. One does not need to install any Holochain App. Developers pay hosts in Holo fuel to render services to users node, using Holo’s platform without any need for their own Holochain.
Holochain is an alternative to blockchain used in running distributed applications.
Why Holo prefer Holochain?
It’s faster: Holochain apps run faster because it does not synchronize everyone on the network for every little update or modification that takes place.
It’s more efficient and affordable: Holo does not allow multiple copies of any little change made in its’ platform, and it’s very affordable. Holo handles things; Blockchain cannot handle such as accounting for microtransactions.
It’s scalable: Holochain supports Apps with billions of users simultaneously, courtesy of its parallel architecture.
It’s adaptable: Users adapts to any apps and protocols to serve the users better.
It’s extendable: Holochain allows users to extend Apps by linking them to other Apps. A user can write into an application, what he/she reads in another application.
“HOT” is the name of the token used by Holo and can be used for any transaction within its ecosystem.
Team
The team comprises of experts in different fields of endeavours which are committed to ensuring that, Holo delivers as they promised.
Holo has two co-founders in the persons of Arthur Brock, who is also the Chief Architect and Eric Harris-Braun, who is also the Executive Engineer. These two men have a combined industry experience of over 25 years and have been CEOs of other organizations before Holo project brought them together.
Other key members of the team include:
Ferananda Ibarra-she is the Social media lead Partnership Coordinator
Matthew Schutte-he is the Communications Director
David Atkinson-he is the Finance and Legal Coordinator
Jean-François Noubel- he is the European Executive Liaison officer
Check the Holo’s official homepage for a comprehensive list and details about their profiles.
Practical Uses of Holo
- Holo is used for Social Media,VRM and Social Networks
- It is used for Open Value systems and Supply Chains
- It is used for Peerto-2-Peer network Platforms
- It is used for Collective Intelligence
- It is used for distributed cloud storage and other collaborative Applications
- Holo(HOT) is used for Mutual Credit Cryptocurrencies
Mining of Holo
It’s not being mined the same way, Bitcoin and other altcoins are mined. A user is awarded Holo fuel( is a mutual credit currency), the moment he/she provides a valuable service, such as sharing spare processing, bandwidth capacities and storage. This is called “proof of service.” You earn Holo fuel as you share computing powers to the rest of Holo community.
Notes for Investors
Holo (HOT) is gaining in reputation based on two things-the innovation and the market volume. The current unit price of Holo (HOT) is USD 0.000478(an increase of 5.70%), the market capitalization is USD 63,732,384, and the circulating supply is 133,214,575,156 HOT
The market statistics show a little bit of stability and the price is relatively low, for any investor to consider.
MUST READ!
This report is intended to inform the public about the latest happenings in Holo (HOT) currency and not intended for any endorsement to invest. Do your research and seek advice when planning to invest in Holo (HOT) currency.