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.