Holo

What is Holo (HOT)?

Holo is a decentralized, peer-to-peer platform that hosts applications developed using Holochain, a unique framework for creating DApps without relying on blockchain technology. Holo aims to bridge the gap between the broader internet and Holochain-based applications, providing an ecosystem and marketplace where these DApps are easily accessible.

The Holo network utilizes a token called HoloFuel for payment to hosts, while an ERC-20 token called HOT (HoloToken) was minted in 2018 and will be redeemable for HoloFuel when the platform launches.

If you are interested in adding Holo coins to your portfolio, check out Binance, Bitrue, Bybit, Bitget, and Hotcoin Global for Holo tokens' current market price.

Holo Founders

Arthur Brock and Eric Harris-Braun co-founded Holo. Both have extensive experience as contract programmers. In December 2016, they started working on the project as part of the MetaCurrency Project. Holo’s development was partly inspired by their previous work on Ceptr, a cooperative P2P framework for DApps.

Holo's Unique Features

Holo is designed to bridge the gap between Holochain technology and everyday users. Its innovative approach includes hosting P2P apps on the internet for mainstream adoption. The Holo network consists of hosts that provide storage and processing power for Holochain-based DApps.

Hosts are paid in HoloFuel, a token specifically designed for microtransactions.

Holo's business plan focuses on building a P2P ecosystem of hosts and applications, aiming to transform app hosting similarly to how Uber and Airbnb revolutionized the taxi and hotel industries.

Holo Network Security

Holo operates as a bridge between the centralized internet and Holochain, which does not rely on conventional blockchain technology. Instead of global consensus, each DApp has its own validation rules and local hash chain. When data is transmitted across nodes, random peers act as validators, verifying that the data follow the appropriate rules.

To share accurate data and warn of incorrect data or blacklist bad actors, validators use a gossip protocol. Holo is designed to be as decentralized as possible to minimize risks associated with centralization. The connection between hosts and applications is end-to-end encrypted, and Holo utilizes a globally distributed network of servers.

Holo Token Pros and Cons

Pros:

• Holo offers a unique approach to hosting DApps without relying on blockchain technology.
• Its ecosystem is designed for easy accessibility and mainstream adoption.
• HoloFuel is specifically designed for microtransactions, enabling fast and efficient payment processing.

Cons:

• The code is not open source.
• Minting function is found on one of the contracts.

Holo Review

Holo is a promising project that aims to revolutionize the way decentralized applications are hosted and accessed. Its innovative approach to using Holochain instead of traditional blockchain technology offers potential for scalability and mainstream adoption. The platform's focus on creating a P2P ecosystem of hosts and applications sets it apart from its competitors.

However, it faces major risks after our review using our security analysis. It shows us that the contract's code is not open source. Which could mean a lot of different things, and one of the more problematic ones is the possibility of the code containing malware.

We've also found a minting function on one of the contracts, which if taken advantage of can be a potential risk. This means the owners can mint tokens at will and destroy the stability of the token.

Is Holo a Scam?

There is no evidence to suggest that Holo is a scam. It is a legitimate project co-founded by experienced programmers Arthur Brock and Eric Harris-Braun. The project is still in development and has a clear roadmap for its future growth.

No investment is without risks. Keeping yourself educated and informed on the latest news and tactics on how users get scammed is your lifeline to avoid being one of the victims of these scams. DYOR should be a strong habit if you want to excel in investing.

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