Holo (HOT)

Hvad er Holo?

Holo (HOT) is the utility token for the Holo network, a distributed peer-to-peer hosting platform for decentralized applications built on Holochain. It is designed to act as a bridge between the broader internet and these dApps, allowing them to be accessed through standard web browsers. The project was launched in 2018 by co-founders Arthur Brock and Eric Harris-Braun. The system enables network participants to offer their computing resources for hosting and get compensated in return. As part of the Web3 and distributed hosting sectors, Holo provides an infrastructure framework for developers building peer-to-peer applications.

Hvordan fungerer Holo?

Holo operates on the Holochain framework, which does not use a traditional blockchain or a global consensus mechanism. Instead, it employs a distributed hash table (DHT) where each participant, or agent, maintains their own individual ledger. This agent-centric architecture allows for parallel processing of transactions and data, avoiding the bottlenecks common in single-chain systems.

The network consists of hosts who share their spare computing power and storage to host decentralized Holochain applications (hApps). In exchange for providing these resources, hosts are compensated with HoloFuel, the network's internal currency. Users and application developers pay for these hosting services, creating a two-sided marketplace for distributed cloud computing.

Transactions within the Holo ecosystem represent the exchange of hosting services for payment. When a user interacts with a hApp, the host's device processes the request, and a micro-transaction is recorded. This system uses cryptographic signatures and validation rules defined within the application's code to ensure the integrity of all interactions.

Anvendelsestilfælde for Holo

Holo-tokenomics

The tokenomics of Holo (HOT) are structured around its role as a temporary token that will be swapped for HoloFuel. The current circulating supply is approximately 176.38 billion HOT tokens, which were initially distributed during a 2018 offering. Unlike many cryptocurrencies, Holo does not have a fixed maximum supply; instead, the supply of its native asset, HoloFuel, is designed to be dynamic. The total volume of HoloFuel will expand and contract based on the hosting capacity and demand within the network. This mutual-credit system is intended to create a stable medium of exchange for computational resources, where the currency's value is linked to the network's hosting power.

Holo' prisudvikling og milepæle

Holo (HOT) was first introduced to the market in 2018 following its initial distribution. The token's value has experienced notable changes over its history, a characteristic common to many digital assets. It reached its all-time high price of $0.03157 on April 5, 2021. Conversely, the token recorded its all-time low value of $0.0002189 on March 13, 2020. These price points represent the historical extremes of its valuation since its launch. According to market data, Holo maintains a rank of 381 among cryptocurrencies by market capitalization, indicating its relative position within the broader digital asset landscape. This history reflects its journey through different market cycles.