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Holochain provides foundational technology to allow people to connect with one another, with a choice of what data they share. As such, Holo is creating a bridge platform between users of Holochain and the traditional internet. Also, Holochain is seeing increased adoption welcoming new Holochain applications (hApps), offering developers an efficient and cheaper alternative to blockchains. Moreover, this has been achieved with substantially lower upfront and running costs, instant transaction finality, and without traditional consensus algorithms. All this is possible thanks to Holochain’s distributed hash table (DHT). Also, the Holo token (HOT) reached new all-time highs recently as the Holochain platform has gained industry-wide recognition.
As described above, Holochain’s main focus is on distributed computing. The Holochain ecosystem, therefore, consists of hosts and users of distributed computing. Hosts can host distributed applications and are paid with Holo Fuel for hosting. Users can use the distributed applications.
The Holo team describes the Holochain itself as a “data integrity engine” for distributed applications. The technical basis for this is validating DHTs (Distributed Hash Tables), where each user has its own chain. A transaction is signed and countersigned on each party chain. Once this is done, the information is published in the parties’ shared Distributed Hash Table.
While blockchains such as Bitcoin and Ethereum are currently (January 2019) still struggling with scaling to a large number of users and facing extreme restrictions in use, the Holochain enables sharing via DHTs. The nodes only have to hold parts of the global transactions within the system, which enables massive scaling and should also allow mobile phones to function as nodes.
Holo price today is $0.00819979 with a 24-hour trading volume of $163,987,015. HOT price is down -14.2% in the last 24 hours. It has a circulating supply of 180 Billion HOT coins and a total supply of 178 Billion.
About Holo`s ROI exceeded in 'Storage, Smart Contract Platform' categories which had 541% growth over the past year and Holo underperformed in the crypto market which had 3231% growth over the past year, so you can find out more here.
Our data indicate that Holo`s ranking among the markets' cryptocurrencies in terms of market capitalization decreased significantly over the last month, from Aug 14 to Sep 20. However, its liquidity score is 64% upper the market's average score, which means that it would be easier to sell SDN if the market is growing. You can find our report about Holo's market capitalization, price, and liquidity score here.
Moreover, a capable marketing team and brand awareness have a direct impact on the success of any project. Holo Network's marketing team is doing a good job! According to our data, Holo's Twitter account saw an increase of 37% in the number of followers over the months. Moreover, its Reddit channel users went up by 32% over the same period. You can follow Holo`s popularity using our report, which is accessible here.
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