Holochain - Peer-to-peer without servers or blockchains
Holo is the one crypto that doesn't rely on the blockchain.
Concise Crypto
May 25, 2022
Holo (HOT)
What is Holo?
Holo is a decentralized P2P protocol that aims to overcome the issues around current blockchain systems. It creates an ecosystem, called a Holochain, where developers can build decentralized applications (DApps), called hApps.
Why does Holo have value?
Participants of the network can act as Holo hosts, similar to miners in proof-of-work blockchains. The Holo software will use idle computing power in the device to mine. However, these miners don’t need to process the entire network, instead they focus on specific applications. This way, hosts are using fewer electricity resources but still making a profit.
It aims to be a secure peer-to-peer network without the need for servers or blockchains.
What are the Pros of Holo?
● Highly scalable.
● Mining doesn’t require expensive equipment.
● Decentralized.
What are the Cons of Holo?
● There aren’t many projects built on the ecosystem so far
What are HOT’s tokenomics?
The total supply of HOT is 177.6 million, minted in a “initial community offering”. 75% were distributed among the buyers, and 25% were reserved for the development team and company.
Who founded Holo?
Arthur Brock and Eric Harris-Braun.
Who are Holo’s investors?
Holo has conducted two funding rounds and raised $20.4 million. Its main investor is Cardinal Capital.
Concise Crypto Grade:
D+ :Holo has a unique methodology to creating a decentralized peer-to-peer network. But we think that blockchain solutions like Ethereum and Algorand are better options. It looks as if many developers would agree as the Holo ecosystem is still relatively small with only three projects currently being built on it.
Where can I buy HOT?
Binance, Gate.io, Uniswap, ProBit Global, Crypto.com.
What ecosystem does Holo run on?
Holo