Coin Review - HOLO
TLDR
**Allows for lightweight transactions
**Uses distributed hash tables instead of blockchain
**Users can host decentralized applications on the platform
**Those who hosts these applications can earn tokens for doing so
**User data is hosted on their own private chain
**Offers lower cost hosting to developers
**Applications run on their own chains, and they dictate their own terms
www.holochain.org
Ticker - HOT
Availiable at- www.Ethershift.co - IDEX - FATbtc
What is Holo?
Holo (HOT) is not blockchain. While it functions similarly, the developers themselves will be the first to tell you that it’s not the same. It does however work like something you probably have used before, Bit Torrent. Similar to this peer to peer program, Holo uses a distributed hash table in order to store and share its data. This provides some serious benefits by way of speed and security. Every user on the Holochain platform has their own chain so to speak to complete transactions. That means that the network doesn’t need to collect information for every single transaction. If you and Bob exchange something, then only you and Bob must sign the transaction. This information can then be published to the main shared table.
Holo is an ecosystem for hosting decentralized applications, and users can earn tokens by hosting these apps for other users. Thanks to the distributed hash tables, these applications can enjoy global scaling and utilizes sharding. The entire system is lightweight enough that even mobile devices could be capable of running a node on Holo.
While the developers admit that proof of work may be a more secure option, Holo is not inherently made for currency transactions. Instead, their focus is on something more transaction heavy that does not revolve around money, such as social media. This creates a more efficient network at minimal cost for many apps that may need a reduced cost for their hosting.
Firefox CFO and co-founder of Netflix Jim Cook feels that this project has the power to distribute the internet’s power better. It gives people the ability to control their own data in ways that are currently not possible through a centralized system. The holo team is working on a number of applications which could work as replacements to centralized versions of Twitter, Wikis, and chatrooms, with more solutions on the way. In fact anyone will be able to create their own app on holochain as long as they understand how to develop through JavaScript or Lisp.
What’s most interesting about Holochain is the fact that every person and application will be in control of their own data. They run their own chains, and this essentially gives them the right to sign or not sign for various applications or people. This level of data protection will likely become more and more welcome as time goes on, and centralized applications continue to take advantage of our privacy. Investors will quickly find that the holo project is a lot less about currency, and a lot more about giving unrestricted, yet private access to applications. While many are vying for space in decentralized cloud hosting, Holo has created something truly unique.
