What Is Holochain (HOLO) and HOT? Holochain is a distributed network hoping to compete with decentralized blockchains.

What Is Holochain (HOLO)?

Holochain (HOLO) is a distributed network that resolves blockchain’s processing bottleneck at the expense of its immutability. Information is distributed across networks in pieces, similar to a P2P file-sharing network like TOR, Torrents, and Gnutella. This means processing power, speed, and efficiency increases with adoption, instead of decreasing with decentralized blockchains.

Who Is Holochain?

Holochain was created in 2017 by co-founders Arthur Brock and Eric Harris-Braun. The team runs Holo, a cloud hosting market for distributed applications, which is the company that maintains and supports the network.

Use Cases of Holochain

Although it markets itself as the next generation of blockchain, Holochain actually represents the current generation of distributed cloud computing. It’s commonly used in enterprise-level applications across businesses, governments, and other large organizations. The only thing “next-gen” about Holochain is its marketing, which isn’t nothing.

How to Mine HOT/HOLO

The current incarnation of the Holochain token is HOT, an ERC-20 token on the Ethereum blockchain. It will migrate to HOLO in a 1:1 token swap when the mainnet launches.

Learn More About Holochain

If you want to learn more about Holochain, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.

Versability

Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: