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Holo (HOT) is a distributed platform meant to connect Holochain apps (hApps) with the current internet. Unlike traditional blockchain architecture, Holo offers a distributed hosting network for peer-to-peer applications, therefore allowing users to host and use hApps free from relying on centralized servers. Native cryptocurrency HOT drives this ecosystem by allowing transactions and rewarding those who have computing capacity.
Team Behind Holo
Driving the Holo project is a team of seasoned professionals from several fields like business management, blockchain technology, and software development. The co-founders, Arthur Brock and Eric Harris- Braun, are well knowledgeable in open-source programming and peer-to-peer networks.
- Arthur Brock: As the Chief Architect, Arthur has been instrumental in developing the core principles of Holochain. His background in alternative currencies and complex adaptive systems has shaped the direction of Holo’s unique architecture.
- Eric Harris-Braun: Serving as the Executive Engineer, Eric has a rich history in decentralized systems, having co-founded Glass Bead Software, a precursor to Holochain. His technical acumen ensures the robustness of the Holo infrastructure.
Investors and Strategic Partnerships
Important blockchain actors have paid careful attention to Holo, which has produced key investments and partnerships supporting its expansion:
- Mozilla: Mozilla, known for its Firefox browser, has supported Holo’s development, recognizing its potential to decentralize the web.
- Prominent Blockchain Investors: Various blockchain-focused funds and angel investors have contributed to Holo’s growth, aiding in its mission to provide a more secure and resilient internet.
Keeping Holo competitive and in continual innovation inside the dispersed environment has been much dependent on these relationships.
Project Idea
Holo’s major goal is to create a distributed network where users may host free of blockchain technologies distributed applications. Holochain provides an agent-centric method instead of typical blockchain systems dependent on worldwide consensus, therefore allowing more scalable and efficient peer-to–peer connections. From supply chains to social media channels, Holo’s design choice makes it uniquely suited for a wide range of applications.
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How Does Holo Work?
Holo operates on a server network trading HOT tokens for storage and processing capability. Running Holo software, these servers provide as connection between Holochain applications and regular web users. Users of hApps interact with the underlying infrastructure via a standard web browser, while the infrastructure assures secure and distributed data processing.
Roadmap
The road map of Holo offers numerous significant milestones aimed to raise the platform’s capacity:
- Mainnet Launch: The transition from the current ERC-20 based HOT tokens to HoloFuel, a native currency for the Holo ecosystem, is a significant focus.
- Integration of New hApps: Holo aims to expand its ecosystem by onboarding a variety of hApps, catering to different industries and use cases.
- Community Development: Expanding the community of developers and users is crucial, with plans to provide more educational resources and support.
Ecosystem
Designed to support a wide range of applications and services, all of which are connected via the Holochain architecture, the Holo ecosystem consists in:
- Holo Hosting Network: A decentralized network of hosts providing computational resources in exchange for HOT tokens.
- HoloFuel: The native currency that will eventually replace HOT, designed to be more efficient for microtransactions within the Holo ecosystem.
- Holochain Applications (hApps): Decentralized applications that can be built and deployed within the Holo ecosystem, offering a wide range of functionalities without the need for centralized control.
Current Market Data and Technical Analysis
As of August 31, 2024 Holo (HOT) is trading at $0.001648; its market capitalisation is around $286,307,128. HOT’s current circulating supply is 173,776,360 out of 177,619,433 total. Reflecting the great participation of the trading community, latest 24-hour trading volume has exceeded $9,460,985.
Support and Resistance Levels:
- First Support: $0.001563
- Second Support: $0.001315
- First Resistance: $0.002227
- Second Resistance: $0.002924
These levels provide traders essential knowledge about probable price fluctuations, therefore directing their behavior based on the situation of the market.
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The information in this article does not provide any investment advice.