Cryptocurrency Holo is a digital token of the Holochain platform, which allows the storage and distribution of data. The Holo network is a part of the Holochain ecosystem, which consists of nodes and users that can place their data (applications) on the network and get paid for it. The Holochain platform is based on the Ethereum block, so its HOT tokens are based on the ERC-20 protocol.
The Holochain platform is absolutely unique, because instead of the usual PoS and PoW technologies, it uses the DHT algorithm (Heshey Distributed Table). The application of this algorithm allows to make the network of Holochain more scaled. The idea of creating this technology is that to make transactions between two people within the network, it is not necessary to receive confirmation from the network participants, and to write it down in a general journal. For this, they can create their own chain and make payments within it. The technology that Holochain offers can be used in:
- social networks;
- supply chains;
- private companies;
- peer to peer platforms;
- joint applications.
Prior to that, the DHT technology implemented in Holochain was used in the BitTorrent project.
Where to buy
3 days ago, the Holo Crypto currency was added to the listing on the Radar Relay exchange, after that it entered the TOP 100 capitalization projects. Today its capitalization is $223 million, with the cost of one token $0.001665. In addition to the Radar Relay exchange, users can purchase a crypto currency on Hotbit.