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Holochain

Holochain

Holochain is a blockchain framework for building fully distributed, peer-to-peer applications. Holochain apps are versatile, scalable, and efficient.

Overview

Holochain headquartered is in Gibraltar. Holochain apps run on smart contracts and work more efficiently than other blockchains because it eliminates tokenization and consensus processes.

Holochain encourages the tokenization of a natural resource asset for regeneration and or conservation. H-Wiki is the first open-source application launched by Holochain. [9]

Holochain supports fast development by creating microservices within the system that can be bridged together. It also allows identity and sharing of data. Holochain's total supply are 177,619,433,541 HOT.

The Holochain ICO occurred from March 30 to April 28, 2018, at which time 25,000,000,000 HOT were released as ERC-20 tokens.

The supply increased steadily until 133,214,575,156 HOT were minted and 30,202 ETH was raised[10].

When the tokens were released, 75% were distributed through the crowd sale, and 25% were meant for future expenses by the founders.

Holochain is supported by a variety of popular exchanges, including Binance, LATOKEN (exchange), Hotbit, and Fatbtc. Its trading pairs are ETH/BTC. [11]

How Holochain Works

The Holochain ecosystem consists of users who host distributed applications and they are paid with Holo Fuel for hosting. On the other hand, users can use distributed applications.

The Holochain is a “data integrity engine” for distributed applications where each user has its own chain.

Also, a transaction is signed on each party's chain so the information is published in the both parties’ shared Distributed Hash Table.

The Holochain enables sharing via DHTs.

The nodes only hold parts of the global transactions within the system, which enables large scaling and also allows mobile phones to function as nodes.

Application for Holochain

The ideal applications for Holochain are social networks, supply chains and open value creation networks, P2P platforms, e.g. cooperative versions of Uber (company) or Airbnb, Collective intelligence (e.g. governance, workflow, feedback systems) and collaborative applications, (e.g. chats, discussion forums, wikis)

Funding

Holochain held a public Initial Coin Offering between March 29th and April 28th, 2018. The project raised $20 million in its ICO.

References

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Citation Linkbuyholo.netTips to buy Holochain tokens
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