Holo
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About Holo

Holo, a peer-to-peer platform for distributed applications, is revolutionizing the world of decentralized applications. Founded by Arthur Brock and Eric Harris-Braun in 2017, this unique project aims to provide a more efficient and cost-effective system for developers. Unlike traditional blockchain technology that relies on consensus algorithms, Holo uses a special hashing function known as the Distributed Hash Table (DHT).

The Holo Architecture

Holo's architecture stands out in the cryptocurrency market. It forms a P2P market where users can host applications developed by others and get paid in return. This innovative approach not only provides an opportunity for users to earn but also makes hosting apps more cost-efficient and effective.

Security and Value in the Holo Network

The security of the Holo network is ensured through DHT. An individual node first verifies transactions before this data is verified by the rest of the nodes on the network. This process adds a layer of security while maintaining transparency. The value of Holo comes from its technical capacity, use case, level of adoption, and its native token - HOT. The total supply of HOT tokens acts as an anti-inflation mechanism, potentially providing a good store of value in the long term.

Holo’s Transaction Verification

Unlike most crypto platforms that rely on mining or staking, Holo uses DHT to ensure transaction data is processed and verified transparently without Proof of Work or Proof of Stake consensus mechanisms. This unique approach has led Holo to describe its technology as "post-blockchain".

Sources:

• https://kriptomat.io/cryptocurrencies/holo/what-is-holo/