What is Holo? What Does HOT Do?

Holo was built with Holochain, a way to develop DApps without the use of Blockchain. It is a peer-to-peer distributed platform used for hosting DApps. In this article, as Kriptokoin.com, “What is Holo?” We will answer the question. In addition to these, we will touch on all the questions about the project.

What is Holo? What does HOT do?

Holo was founded by Arthur Brock and Eric Harris-Braun. The purpose of the HOT platform is to act as a bridge between applications built with Holochain. DApps are easily accessible for Holo network participants. It is also to provide a marketplace and ecosystem opportunity. A Token called “HoloFuel” is used, which acts as an accounting system to be able to pay hosts on the Holo network for services. The project was launched in 2018. At the same time, an ERC-20 Token called HoloToken (HOT), which can be used for HoloFuel, has been issued.

What is Holochain?

It is defined as an open source framework created to build fast and secure peer-to-peer applications. With Holochain applications, user devices are directly connected to each other on secure networks. Holochain removes the need for application developers to maintain and pay for Cloud Hosting. Apps become even more powerful when they connect you with other people. Each Holochain app creates its own encrypted peer-to-peer network between you and other users. Online security is provided by mutual responsibilities. Each piece of data has a cryptographic audit trail attached to its author. Each user supports the implementation of shared rules and the identification of malicious participants. At the same time, Holochain’s “subliminal” system responds to identified threats and adapts to network failures, making the experience reliable.

How does Holochain work?

Individual agency: The Holochain app is slightly different from the standard apps. It begins with an individual agency function. In this context, you run your own copy of the application, your identity and data are published on your machine. At the same time, no action can be taken without your permission. Each generated piece of data is signed with your unique key and stored in your personal diary.
Shared rules: At the core of the app is a collection of rules that define what valid data looks like. Because every investor has a copy, every investor can hold each other accountable. Rules become a social contract. Malicious attendees are impartially identified and news of their movements spreads rapidly. They soon find themselves outside the group.
mutual sovereignty: Each user of the application has the same authority and responsibilities. At the same time, there is a balance between freedom and accountability. Although there is no server to enforce the rules, it ensures that the application works securely.

What is Holo? How to buy HOT?

Exchanges traded with HOT; Binance, Bybit, Bitget, MEXC. These steps are followed to buy coins. First of all, access the web/mobile application of the stock exchange that lists the HOT you have chosen as the first step. Then complete the account opening steps. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose HOT with the balance amount you want and create a purchase order. Store it in your trusted accounts.

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