Holochain is a decentralized platform that can be used for various purposes. The current unit of this network is HOT token. Users get HOT for hosting services. Holo provides a P2P infrastructure that allows to host and manage crypto apps, that can be customized. It is believed that Holo can operate faster than a blockchain system.
Unlike the blockchain Holochain takes an agent-centric approach. Holochain consists of network agents, it is their job to maintain the source chain with their transactions. Moreover, Holochain uses DHT (distributed hash table) to make every node validate received data as well as data from the source chains. Everything that comes out from this network is an application. These applications create the network.
The other difference from the blockchain is that Holochain does not attempt to make a network consensus. Every agent (user) creates his/her own transaction history. Each user has his/her own hash-chain and digital signature. Everything that the user has to offer is signed. This feature may help to protect users from hackers. This is the way to form an immune system for the chain. Each user now сan see the malicious user and stop all kinds of communication with him.
Blockchain is limited, while it is believed that Holochain has unlimited capacity.
Holochain has two co-founders: Arthur Brock and Eric Harris-Braun. Both of them have experience in creating currency systems. Arthur worked at GM, Chrysler & Hughes, where his field of expertise was artificial intelligence.
Eric worked with software and had experience designing cryptocurrency platforms.
Let’s say you want to buy Holo. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:
This is everything you need to know to buy HOT.