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1 HOT = 0.001590 USD
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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.

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coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-3.85%-6.32%-0.46%+9.30%+9.43%+116.96%

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24h$0.001565$0.001668
7d$0.001510$0.001776
30d$0.001460$0.002189
90d$0.001104$0.002213
1y$0.001104$0.005073
coin_market.all_time$0.0002189(2020-03-13, coin_market.years_ago )$0.03157(2021-04-05, coin_market.years_ago )

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coin_market.cap
$276,627,645.03
-3.85%
coin_market.fully_cap
$282,379,046.59
-3.85%
coin_market.volume_24h
$7,636,510.89
+14.37%
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+97.00%
coin_market.volume_cap
0.0276
coin_market.circula_supply
174,001,730,000 HOT
coin_market.total_max_supply
177.62B HOT
-- HOT
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$0.0002000 coin.ico_detail
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4
coin_price.social_score(24h)
586(#626)
coin_price.social_contributors(24h)
354
+1%
coin_price.social_mentions(24h)
97(#466)
-1%
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0.01%
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2
0%
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100%
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0%
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0%
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11
coin_price.reddit_ posts(24h)
28
-22%
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0
0%

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Key market information gap on September 26, must read! |Alpha Morning News
Key market information gap on September 26, must read! |Alpha Morning News

1. New projects: Coven Finance, smol.game, mFROGGERS, Holo; 2. Popular memes: $dog, $INCEPT, $HDMI, $TOTO; 3. DeFi changes: EISEN Finance 24-hour trading volume increased by 108%, ODOS 24-hour trading volume increased by 55%; 4. Token unlocking: ADA, EUL; 5. Binance launched pre-market trading service

BlockBeats2024-09-26 01:59
Santiment Names Three Altcoins: “Network Activity Increases as Price Declines”
Santiment Names Three Altcoins: “Network Activity Increases as Price Declines”

Cryptocurrency analysis company Santiment named three different altcoins and noted the increase in their network activity.

Bitcoinsistemi2024-09-08 10:36

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Is Holo (HOT) a good investment?

Holo is a peer-to-peer platform that offers a marketplace for decentralized applications (hApps) based on cloud storage infrastructure. It connects users to the internet without traditional consensus algorithms, aiming to create a more efficient and cost-effective system for decentralized app developers. Holo's vision is to revolutionize the internet by providing a scalable, people-centric environment that eliminates intermediaries and central control. This has attracted alot of attention from investors, and can potentially grow into a great asset to inlcude in a long term portfolio

What factors influence HOT token price

The price of HOLO (HOT) and other cryptocurrencies can be influenced by a variety of factors, including: Market Sentiment: Investor sentiment and overall market conditions can greatly impact cryptocurrency prices. Positive sentiment can lead to buying pressure and price increases, while negative sentiment can lead to selling pressure and price declines. Adoption and Use Cases: The adoption of the Holo platform and the use of HOT tokens within the ecosystem can drive demand and affect the price. Increased usage and real-world applications can positively impact token value. Technology and Development: Updates, improvements, or developments in the underlying technology of the Holo platform can influence investor confidence and interest. Competition: Competition from other blockchain projects or similar platforms can affect HOT token's competitiveness and value.

What makes Holo unique?

Holo stands out due to its distinctive architecture, setting it apart from traditional blockchain technology. Instead of relying on conventional blockchain technology, Holo utilizes a robust hashing algorithm within its post-blockchain network. This innovative approach empowers users to engage with a variety of applications on the network, referred to as hApps. Notably, Holo operates without the need for staking or mining to support its nodes. What truly distinguishes Holo is its utilization of the Distributed Hash Table (DHT) hashing function, complemented by a unique architectural framework. This framework creates a peer-to-peer (P2P) marketplace where users have the opportunity to earn compensation for hosting applications developed by fellow users and deployed on the Holochain app. This innovative approach sets Holo apart from traditional blockchain networks.

What gives Holo value?

Holo derives its intrinsic value from several key factors, including its technical capabilities, technology, use cases, and adoption levels. In terms of market value, Holo's position is influenced by various specific elements, such as the total supply of HOT tokens. This limited supply serves as an effective anti-inflation mechanism, potentially establishing HOT tokens as a dependable store of value over the long haul. Holo's value is also subject to fluctuations based on upgrades, updates, developments, and noteworthy news and events. What further enhances Holo's worth is its utility and technical prowess in establishing a peer-to-peer (P2P) marketplace for hosting applications.

What is Holo price prediction?

Holo price is subject to frequent changes and is in constant flux, which means that the price of Holo can change quickly within a relatively brief period. The market of cryptocurrencies is volatile, while cryptos are often affected by a great number of different factors that may influence the price of Holo and other digital assets. As well as traditional factors such as market sentiment, the flow of cryptocurrency on exchanges, and the economy in general, the price of HOT is also affected by demand for HoloFuel and the level of adoption of the Holo platform.

Is the Holo Network secure?

Holo's network security relies on a Distributed Hash Table (DHT) mechanism. Each node initially verifies transactions and contributes to block generation. Transaction data is then distributed across nodes, and neighboring nodes double-check its validity, enhancing security and transparency. Holochain's core mechanism, based on DHT, enables scalability and security without relying on Proof of Work or Proof of Stake protocols. If a node validates a false transaction, others detect it during data verification, ensuring network security.

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PHOENXCORP
PHOENXCORP
insight113/750
224.78%
price_sidebar.roi
price_sidebar.total_pnl $938,815.34
buylow
buylow
insight397/500
186.11%
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price_sidebar.total_pnl $3,860,531.29

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