Holo: A Scalable and Energy-Efficient Platform for Decentralized Applications

Holo: Everything You Need to Know

Holo is a cryptocurrency project that aims to create a scalable and energy-efficient platform for decentralized applications (DApps) that do not rely on blockchain technology. Holo is based on Holochain, a framework for developing DApps that uses a distributed hash table (DHT) and agent-centric approach, where each user runs their own node and validates their own data. Holo is designed to serve as a bridge between the broader internet and DApps built using Holochain, offering an ecosystem and marketplace where DApps are easily accessible and hosted by Holo network participants.

The Holo network is powered by a token called HoloFuel, which is used to pay hosts for their services and to reward developers for creating DApps. HoloFuel is not a cryptocurrency in the traditional sense, as it does not have a fixed supply or a global consensus mechanism. Instead, it is a mutual credit system, where each user has an account balance that can go positive or negative, depending on their transactions with other users. HoloFuel is designed to be dynamic and adaptive, adjusting its supply and value according to the demand and activity on the network.

In 2018, the project issued an ERC-20 token called HOT, also known as HoloToken, as an interim token that will be redeemable for HoloFuel upon launch. HOT tokens were sold in an initial coin offering (ICO) that raised about $20 million. HOT tokens can be traded on various exchanges, such as Binance, Bitget, and MEXC.

How does Holo work?

Holo works as a platform for hosting and running DApps built using Holochain, which is a framework that offers an alternative to blockchain technology for creating decentralized applications. Holochain uses a DHT and agent-centric approach, where each user runs their own node and validates their own data, instead of relying on a global ledger or consensus mechanism. This allows for more scalability, efficiency, and autonomy, as well as lower costs and energy consumption.

Holochain DApps are composed of two parts: the front-end user interface (UI) and the back-end validation logic (zome). The UI can be written in any language or framework, such as HTML, CSS, JavaScript, React, or Vue. The zome can be written in any language that compiles to WebAssembly (WASM), such as Rust, C, C++, or AssemblyScript. The zome defines the rules and functions of the DApp, such as how data is stored, validated, and shared among users.

Holochain DApps are stored and executed on the devices of the users who use them, rather than on centralized servers or cloud platforms. Each user has their own local source chain, which is a tamper-proof record of their actions and data on the DApp. Each user also connects to a DHT network, which is a distributed database that stores the public data of all users on the DApp. The DHT network ensures that data is available, consistent, and secure among users.

Holo serves as a bridge between the internet and Holochain DApps, enabling users who do not have Holochain installed on their devices to access and use DApps through web browsers. Holo also provides an ecosystem and marketplace for DApp developers and hosts, who can offer their services and products to users in exchange for HoloFuel tokens.

HoloFuel is the native token of the Holo network, which is used to pay hosts for their services and to reward developers for creating DApps. HoloFuel is not a cryptocurrency in the traditional sense, as it does not have a fixed supply or a global consensus mechanism. Instead, it is a mutual credit system, where each user has an account balance that can go positive or negative, depending on their transactions with other users. HoloFuel is designed to be dynamic and adaptive, adjusting its supply and value according to the demand and activity on the network .

Who is the team behind Holo?

Holo was founded by Arthur Brock and Eric Harris-Braun, both of whom are experienced contract coders. The two first started working on the project in December 2016 as a part of the MetaCurrency Project, a developer of tools and technology designed to power a future P2P economy. Holo was partially modeled after Ceptr, a cooperative P2P framework for DApps that the two had previously worked on.

Brock has prior experience coding alternative currency systems as the founder of Geek Gene, a company that developed community-building tools, including more than 100 alternative currency solutions. He also co-founded social-enterprise incubator Emerging Leader Labs and founded open-source education “starter kit” Agile Learning Centers. In March 2019, Brock was named a fellow of the New Zealand-based Edmond Hillary Fellowship.

Harris-Braun started programming full time in 1988 and is the founder of Glass Bead Software, a developer of peer-to-peer communication software, as well as co-founder of Emerging Leader Labs alongside Brock. In 2003, he co-founded Harris-Braun Enterprises, a freelance software development and consulting firm.

The Holo team consists of various developers, designers, researchers, marketers, and community managers who work on different aspects of the project. Some of the notable members of the team include:

Lucie Sasnikova: The marketing specialist and spokesperson for Holo and Holochain. She is responsible for communicating with the media and the public about the project’s vision and updates.

Marco Peereboom: The new systems development lead and co-founder of Company 0, a software development company that specializes in cryptocurrency and blockchain technology. He is also one of the former Bitcoin developers who joined Brock and Harris-Braun’s team to create Holo and Holochain.

Jonathan Zeppettini: The international operations lead and co-founder of Decred Holdings Group, a company that provides consulting and advisory services for blockchain projects. He is also one of the advisors and supporters of Holo and Holochain.

Eric Meltzer: The co-founder and partner of Primitive Ventures, a venture capital firm that focuses on investing in blockchain and crypto projects. He is also one of the early investors and backers of Holo and Holochain .

What are the use cases for Holo?

Holo can be used for various purposes, such as:

Hosting platform: Holo can be used as a hosting platform that allows users to access and use DApps built using Holo Chain through web browsers, without having to install Holochain on their devices. Holo also allows users to host DApps on their devices and earn HoloFuel tokens for their services.

Development platform: Holo can be used as a development platform that allows developers to create DApps using Holochain, a framework that offers an alternative to blockchain technology for creating decentralized applications. Holochain allows developers to create scalable, efficient, and autonomous DApps that do not rely on a global ledger or consensus mechanism.

Ecosystem platform: Holo can be used as an ecosystem platform that provides an environment and marketplace for DApp developers and hosts, who can offer their services and products to users in exchange for HoloFuel tokens. Holo also provides various tools and resources for DApp development, such as NFTs, portfolio trackers, and analytics tools.

Conclusion

Holo is a cryptocurrency project that aims to create a scalable and energy-efficient platform for decentralized applications that do not rely on blockchain technology. Holo is based on Holochain, a framework for developing DApps that uses a distributed hash table and agent-centric approach, where each user runs their own node and validates their own data. Holo serves as a bridge between the internet and DApps built using Holochain, offering an ecosystem and marketplace where DApps are easily accessible and hosted by Holo network participants. The Holo network is powered by a token called HoloFuel, which is used to pay hosts for their services and to reward developers for creating DApps.