Holo (HOT) Price

HOT

Holo

4,3

★

$0.0033031

-0.51%

Today's Current Price in US Dollar

Market cap

587,449,142.0

Total volume

40,623,929

Circulating supply

177,619,433,541

Total supply

177,619,433,541

Buy / Long

Sell / Short

Holochain introduces a decentralized internet framework, embedding user autonomy at its core and throughout its design and protocols. It’s a recognition that data capture our collective live encounters and memories. By decentralizing both storage and processing, Holochain transforms the way we coordinate and interact, putting digital autonomy back into the hands of users, thereby freeing our virtual existence from dominant corporate oversight regarding our choices and personal details.

As a pioneering post-blockchain ledger and decentralized app framework, Holochain stands out for its eco-efficiency. It leverages peer-to-peer networking to facilitate agent-centric agreements and consensus among its users.

With Holochain, each device can operate its own chain-based ledger, employing a holographic approach to data storage and sharing. This innovation allows for the creation of decentralized apps that can expand in numerous directions across a network, ensuring genuine distribution. Each device operates autonomously, synchronizing data only as needed or when mutually agreed upon by users. This guarantees complete data control for users, eliminating the risk of data being sold or compromised by third parties, a notable concern highlighted by incidents like the Facebook and Cambridge Analytica scandal.

The platform is designed for developers to forge decentralized applications, shifting from a data-centric to an agent-centric blockchain approach. In the novel environment of Holochain, there is no need for a global consensus. Each agent on the blockchain maintains a private branch, stored on the public blockchain through a distributed hash table. This eliminates scalability issues and allows for more efficient operation of apps on Holochain compared to traditional blockchain models.

However, the necessity for the entire blockchain to be verified by each network participant leads to potential scalability challenges, particularly with increased data volume, limiting the transactions per second.

Holochain’s open-source nature, written in Go for its simplicity and resemblance to C, along with the compatibility for app development in JavaScript or Lisp, and front-end development support with CSS, HTML, and JavaScript, highlights its flexibility. The team behind Holochain is open to incorporating new programming languages, signaling potential growth and adaptability.

Identified as an eco-friendly blockchain alternative, Holochain’s architecture significantly reduces bandwidth consumption compared to traditional blockchains by eliminating the need for global blockchain validation and mining activities, thereby saving on electricity and processing resources.

Co-founders Arthur Brock and Eric Harris-Braun, who have been innovating in the currency space since the 1980s and conceptualized Holochain even before the release of Bitcoin’s whitepaper, lead the initiative. Managed by a non-profit foundation, Holochain aims to safeguard the interests of users, founders, and developers. The advisory board includes notable figures like Ryan Bubinski from CodeAcademy. Holochain recently entered into a strategic alliance with Promether, the Adaptive Symbiotic Platform (ASP), enhancing security, networking, and data anonymization capabilities for applications.

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