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Cryptocurrencies

Holo

Holo (HOT)

Holo is a cryptocurrency that powers the Holochain, a peer-to-peer (P2P) platform for developers to build decentralized applications (DApps). It transforms the data-centric blockchain paradigm into an agent-centric system. Acting as a bridge between distributed Holochain apps and the current centralized web, Holo allows access to distributed applications through web browsers, creating an ecosystem and currency that enable distributed hosting services provided by peers.

Founders of Holo

Holo was founded by Arthur Brock and Eric Harris-Braun, both experienced contract coders, who began working on the project in December 2016 as part of the MetaCurrency Project. This project aims to create tools and technology for a future P2P economy. Holo was partially modeled after Ceptr, a cooperative P2P framework for DApps that the founders had previously worked on.

Ticker HOT
Category Smart Contract Platform
Website https://holo.host/
Twitter @h_o_l_o_
Telegram channelholo
Reddit https://www.reddit.com/r/holochain
Contract Addresses
ethereum 0x6c...e2Copied!
harmony-shard-0 0x5d...83Copied!
energi 0x34...d0Copied!
sora 0x00...f9Copied!

Arthur Brock

Arthur Brock is the founder of Geek Gene, a company that developed community-building tools including more than 100 alternative currency solutions. He also co-founded the social-enterprise incubator Emerging Leader Labs and founded Agile Learning Centers. In March 2019, Brock was named a fellow of the New Zealand-based Edmond Hillary Fellowship.

Eric Harris-Braun

Eric Harris-Braun began programming full-time in 1988 and founded Glass Bead Software, a developer of peer-to-peer communication software. He co-founded Emerging Leader Labs alongside Brock and Harris-Braun Enterprises, a freelance software development and consulting firm. He has served on the advisory board of the Schumacher Center For New Economics.

Team members

Holochain is an open-source project built by collaborative efforts. In its early stages, support largely comes from Holo, the company building the first large-scale use of Holochain. Notable team members include:

  • Arthur Brock: Chief Architect
  • Eric Harris-Braun: Executive Engineer
  • David Meister: Developer
  • Celestial Hanley: UX/UI
  • David Braden: Developer
  • Mamading Ceesay: DevOps
  • Michael Dougherty: Developer
  • Nicolas Luck: Developer
  • Paul D'Aoust: Technical Community Mentor
  • Philip Beadle: Apps & Developer Tools
  • Stefan Junker: Developer
  • Tom (freezing): Developer

About Holo

Holo is a P2P distributed platform for hosting DApps built using Holochain. Holochain is a framework for developing DApps that does not require blockchain technology. Holo aims to serve as a bridge between the broader internet and Holochain apps, offering an ecosystem and marketplace for easily accessible DApps. The Holo network is facilitated using HoloFuel, a token used as an accounting system to pay for services.

How Holo works

Holo enables everyday web users to access decentralized applications without additional software. It provides a hosting ecosystem by blending consumer-grade devices with other hosting assets. This approach allows users to run Holo software in the background, using spare storage and processing power to serve applications to the web. Hosts can choose which applications to serve, set hosting prices, and manage priorities.

Holochain

Holochain is a validating distributed hash table (DHT) where every node enforces validation rules on data against signed chains. It is designed to operate without bottlenecks, as each node holds only a portion of the data, making it feasible to run applications on lightweight devices like mobile phones.

Holochain architecture

Holochain features a shared DHT where each piece of data is rooted in the signed hash chain of one or more parties. It is a validating DHT, ensuring data propagation only after validation by shared rules held by every node. Holochain's efficiency allows over 50 full nodes to run on devices as small as a cell phone or Raspberry Pi.

Holochain meets the demands of people who want to:

  • Own their own data
  • Control their identity
  • Connect applications to suit their needs
  • Transact without centralized systems
  • Build lighter, faster, cheaper applications

Uses of Holochain

Holochain supports social coherence, enabling groups to collaborate or coordinate according to shared agreements. It is ideal for:

  • Social networks and media
  • Supply chains and open value networks
  • Cooperatives and new commons
  • P2P platforms
  • Collective intelligence systems
  • Collaborative applications
  • Reputational or mutual credit cryptocurrencies

Overview of the Holo ecosystem

The Holo ecosystem relies on hosts providing processing and storage for distributed applications while earning redeemable credits.

Hosts

Holo decentralizes the hosting of social applications from centralized data centers to the edges of the internet. Its peer-to-peer architecture allows infrastructure to scale automatically by load-balancing across numerous peers. Hosts can turn devices into revenue sources by hosting applications, choosing which to serve, and setting their own hosting prices.

Distributed apps

Popular apps today can benefit from using Holo, removing the need for ongoing fundraising or advertising to support infrastructure. As apps gain popularity, hosting power increases with new users sharing the load.

Credits

Hosts are compensated in Holo's crypto-credits, called HoloFuel, designed for high-volume micro-transactions. These credits remain stable as they are backed by computing power. HoloFuel functions through double-entry accounting with cryptographic assurances, validated by peers on a shared DHT.

Payment flow

  1. Application providers purchase hosting by buying credits.
  2. Hosts generate signed service logs as they provide services.
  3. Hosts submit a Proof-of-Service invoice to the application provider.
  4. Application providers pay hosts in hosting credits after validation.
  5. Hosts can cash out their credits, initially in cryptocurrency.

What makes Holo unique?

Holo bridges Holochain and everyday users, enabling P2P apps on the internet for mainstream accessibility. The network relies on hosts who provide storage and processing power for Holochain-based apps, compensated with HoloFuel. Holo's business model aims to grow a P2P ecosystem, drawing a parallel to industries transformed by Uber and Airbnb.

Comparing blockchain and Holochain

Holochain differs from blockchain by adopting an agent-centric approach, allowing nodes to act independently and ensuring efficient processing without mining. It is scalable, running on low-power devices and surpassing traditional systems in transaction volume and energy efficiency.

Holo Fuel

HoloFuel is a mutual credit accounting system, not a crypto-token or coin. It is asset-backed, with transactions counter-signed by both parties. This currency is designed for circulating rather than storing value, facilitating a thriving crypto-economy.

Holo network security

The Holo network bridges centralized internet and Holochain, using a decentralized model. Each DApp has its own validation rules and local chain for cryptographic records. Random peers validate data transmission, using a gossip protocol to ensure data integrity.

Exchanges that support Holo (HOT)

Holo (HOT) can be purchased on cryptocurrency exchanges such as Binance, Bitrue, Probit, and MXC.COM. It is tradeable against fiat currencies like the US dollar and Euro, cryptocurrencies like Bitcoin and Ethereum, and the stablecoin Tether (USDT).