Introduction of Holo digital currency
What is Holo Digital Currency?
In this article we want to Introduction of Holo digital currency.
So stay with us.
Holo is a decentralized hosting platform that enables fully-functional decentralized applications to serve mainstream Internet users, and provides the massively scalable crypto-accounting infrastructure required to host and manage these applications at such enormous volumes of usage.
Holo is a bridge for people to transition toward greater and greater decentralization and autonomy.
But since Holo must interface with the centralized systems of today, some parts of it are also centralized.
So this is not a typical crypto project.
The Holo currency is practically a non-extractable token.
Non-extractable tokens are first extracted by the creator of that token and then released to the public.
The total number of available Holo tokens is 177,619,433,541.
Holo( HOT), is a cryptocurrency that has the power of Holochain.
See similar article>>Introduction of Initiative Q Digital Currency
What is Holochain?
Important to realize, Holochain is an open-source framework for developing microservices that run peer-to-peer applications entirely on end-user devices without central servers. It provides tools to:
authenticate users and manage identity
manage permissions for public and private data
enforce data integrity and business rules
store and retrieve data from a redundant, distributed database
deploy and update application code on users’ devices
automatically respond to security threats
distribute resource load among participants
similar article >> Introduction Of Ethereum Cryptocurrency
a non-blockchain architecture for distributed social applications (dApps or hApps) and the ground level for further expanding an evolvable,
fully distributed framework for coordinated sense-making and collective value-creation (i.e., means of articulating value) on all scales.
In fact, Holochain only recently came to wider attention with an Initial Community Offering, Holo – a set of base application components and modules intended to introduce Holochain to the wider public and set the wheels in motion (the hApp prototying and development tools are designed to make development as straightforward,
accessible and easy to understand as possible, somewhat similar to a simple web development framework).
you can also see this similar article>>Introduction Of Terra (Luna) Digital Currency
The difference between Holochain and Blockchain
Instead of extending, modifying and reiterating upon the usual monolithic blockchain base,
Basically, Holochain brings in a wholly different architecture for decentralized data coordination based on distributed hash tables (DHTs) as the public space (a familiar implementation of which is the BitTorrent file sharing mechanism).
DHTs are tables of key-value pairs stored in overlapping shards among network peers.
They provide a highly efficient and generalizable basis for managing application data and carrying out routing across large-scale peer-to-peer networks.
Agents, by virtue of their agency, can easily bridge between the spaces of different Holochain applications (hApps), translating one context into another or importing validated datasets from one app into another.
Holochain is, as such, an agent-centric model, whereas blockchains and most other forms of DLT are data-centric, rigidly deterministic and highly limited in their functional capacities (Bitcoin is said to have engineered artificial scarcity supported by an arms race lottery of enormous waste, so-called “proof-of-work”).
See this similar article>>Introduction To Lightcoin Digital Currency
The founders of the Holocaust
They built software companies that were able to work well in a non-hierarchical fashion by making use of sophisticated accountability metrics and workflows.
Over time some patterns started to emerge, leading to a central insight into how we humans coordinate at scale: we use currencies, or how they call them, “current-sees”.
According to the MetaCurrency founders, currencies are a much broader (and more foundational) category than mere money, and their work – futuristic as it may sound – is about building the tools and spreading the practices that enable a truly post-monetary economy.
Arthur Brock says: “I build targeted currencies which shape the social dynamics of our emerging post-industrial economy.
To that end, I’ve created more than a hundred designs for multi-currency systems, and my software company has built and deployed dozens of those systems.
My current focus is launching Holochain, an alternative to blockchain for running fully P2P distributed applications.”