One fact of our humanity that continues to drive innovation and development is choice and taste. We want systems and product designs that protect our ability to choose what works best for us.<\/p>\n\n\n\n
The decentralization of the financial system via cryptocurrencies and blockchain reveals how much flexibility and control we could enjoy when designs are people-centric and free from centralized controls which rob people of their choices. At the same time, the success of the decentralized, trustless financial system built on blockchain technology has exposed the weaknesses of products like the internet, which puts immense power in the hands of a few individuals or large organizations who are not accountable to the public. Holo considers this lack of accountability associated with centralized designs a threat to the individual, social and global health.<\/p>\n\n\n\n
Although these organizations have kept users protected, the gains of centralized control far outweigh the disadvantages of its authoritarianism. Against these disadvantages, Holo aims to create a platform that allows for the seamless integration of broader unrelated blockchain apps and products on the Holo network. It offers a network and marketplace with easy accessibility to Decentralized applications hosted on the broader internet by participants of the Holo network.<\/p>\n\n\n\n
Holo fuel is the native coin of the Holo network. Holo is a distributed peer-to-peer hosting platform for holochain applications. It allows developers to create peer-to-peer, fast, efficient, and secure applications. It eliminates the need for intermediate servers by allowing users to interact directly through its secure network of locally installed software.<\/p>\n\n\n\n
Holo protects developers from costly cloud hosting resources and replaces them with locally installed software that deploys autonomy and availability while retaining the efficient processing power and redundancy of cloud hosting resources. Unlike the cloud hosting design, Holo applications run on user devices, thus, creating user-specific identities and unique data. It comes with an open modification dashboard that provides perpetual access and permission of consent designs, granting access to approved third parties or preventing unauthorized access.<\/p>\n\n\n\n
With Holo, interaction is impervious to external controls, manipulation, and shutdown. This is because Holo creates a separate encrypted peer-to-peer network for each application and its users. Data on the blockchain creates a cryptographic trail that can be used to identify data origins. This cryptographic audit trail helps ensure responsible platform use and creates mutual accountability. The mutual accountability created by the Holo ensures that users obey shared application rules and expose rule breakers on the network.<\/p>\n\n\n\n
The decentralization of digital products is currently the favored design for digital platforms; from decentralized finance built on the back of the blockchain to user-generated content on the web (i.e., Wikipedia), more organizations would transfer significant controls to users or at least maintain a hybrid system which preserves the freedoms of the individual to interact ad make unique choices while ensuring security and responsible usage. Holo already provided the foundation that would carry this new trend; hence, as businesses increasingly embrace the decentralized design, Holo would provide the perfect platform that bridges the gap between businesses and users by providing the tools and resources which support user freedoms and security.<\/p>\n\n\n\n
The holo network is a little different in its fundamental design. Unlike the traditional blockchain networks, the holo network has no miners and stakers. When using the application on the holo network, hosting is provided on their devices by the users themselves, and part of the data needed to run their applications is also locally stored. In contrast, the Holo network provides distributed data integrity.<\/p>\n\n\n\n
While blockchain users must maintain the entire blocks of data, which involves constantly updating and transferring large amounts of redundant data, which causes network congestion, slows down transaction speed efficiency of the network, and hikes transaction fees. With Holo, only relevant data are accessed at a particular time, and no user is required to maintain the entire data on the network. Some data remain private, while some can be publicly accessed. By sharding and the practice of deconstructing and localizing large databases, Holo prevents network overload. Holo tokens are small compared to tokens on other chains; therefore require little energy and power to run a validator node on the holo network. Its energy requirements are so small that nodes can run on mobile devices.<\/p>\n\n\n\n
The Holo network has collaborated with several blockchain and blockchain unrelated enterprises. Holo partnered with Morpheus network, a platform that allows businesses to leverage supply chain technology. Holo has also partnered with Next Block Group Holdings, a company that advises businesses on the need and how to build decentralized applications. Holo has partnered with Mozilla and Promether, among other enterprises.<\/p>\n\n\n\n
Holo is currently worth $<\/b>0.000338<\/span><\/span><\/span><\/strong> USD. HOT has moved 2.09%<\/span><\/span><\/strong> in the last 24 hours with a trading volume of