Holo is a peer-to-peer distributed platform used to host decentralized applications. Its native token is HOT.
What is Holo?
Created with Holochain, Holo is defined as a peer-to-peer distributed platform used to host decentralized applications. Its purpose is to provide an ecosystem and marketplace where dApps are easily accessible for Holo network participants by acting as a bridge between applications built with Holochain.
Holochain is a dApp development method without using blockchain. It is a data integrity protocol for applications using Distributed Hash Table (DHT) that gives each participant its own “chain”. Using the motto “Beyond the Blocks”, Holochain has distinguished itself from the blockchain. Holo was founded in 2016 by Arthur Brock and Eric Harris-Braun.
How Does Holochain Work?
Holochain differs from other conventional applications. It begins with an individual agency function. When the application copy is run, the identity and data are published on the machine and no action takes place without user permission. Every personally created data is signed with a private key and stored in the personal diary.
The application contains a collection of rules that define the appearance of valid data. Each user also has a copy. For this reason, each user can hold each other responsible. There are rules that become a social contract. Malicious participants are identified and relevant news spreads quickly. He is then removed from the group.
Every user of the application is equal in terms of authority and responsibility. A balance is struck between freedom and accountability. This is called “Mutual Sovereignty”. Thanks to Mutual Sovereignty, it is ensured that the application works securely even though it does not have a server to enforce the rules.
What is HOT Coin?
The Holo network uses an accounting system to pay hosts for services. This system is called HoloFuel.
HoloFuel is defined as the micro cryptocurrency that powers the Holo network. Capable of processing billions of daily microtransactions, HoloFuel is a mutual credit cryptocurrency. In 2018, the project was launched and a token was issued that can be used for HoloFuel. This token is HOT, also known as HoloToken. After HoloFuel is released, HOT Coin can be exchanged for HoloFuel at a one-to-one rate with HOT held as the reserve currency to provide liquidity to HoloFuel holders.
HOT is the native token of the Holo network and is of the ERC-20 standard. HOT Coin can be used as the main payment method on the network. At the same time, network participants who use Holo to rent computing power to other users can earn HOT Coins for these services. HOT Coin can be held as an investment or traded for profit on the cryptocurrency market.
HOT is a cryptocurrency that was produced in the ERC-20 standard for the purpose of promoting the project and raising funds until the Holochain system is operational. The network’s native token, HOT Coin, cannot be mined. HOT Coin can be used as the main payment method on the network. At the same time, network participants who use Holo to rent computing power to other users can earn HOT in exchange for these services. HOT Coin can be held as an investment or traded for profit on the cryptocurrency market.
HOT Coin Price
At the moment 1 Holo 0.030333 TLTL It is traded from. Moreover 1 Holo 0.001630 $is dollars.
Holo price in the last 24 hours 13.81%with change now 0.030333 TLTLIt is traded from.
Holo volume in the last 24 hours 51,328,810 $dollarand if the market value of the cryptocurrency is 287,804,984 $dollaris.
Where and How to Buy HOT Coin?
HOT Coin is one of the popular cryptocurrencies of the last period. For this reason, it is listed on many cryptocurrency exchanges. To these; Exchanges such as Binance, Uniswap (V2), SushiSwap, MEXC, Bitrue, Bybit, Gate.io can be given as examples. As mentioned, HOT Coin, which is available on many platforms, is suitable for users who want to buy from a platform they prefer.
To buy HOT Coins, sign up for the relevant platform and create an account. After authentication and account completion, HOT Coin can be purchased from the trading page. Purchased HOT Coins can be used in transactions or safely stored in preferred wallets.
