What is Holo (HOT)?

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Bittime  - In an increasingly digitally connected world, blockchain technology has paved the way for the development of revolutionary decentralized applications.

One project that is attracting attention is Holo (HOT) , a platform that enables the development and use of peer-to-peer (P2P) web applications using blockchain technology.

What is Holo (HOT)?

Holo is a blockchain project that aims to facilitate the building and use of decentralized web applications.

Built on Holochain technology, Holo provides an infrastructure that allows developers to create P2P applications that do not rely on central servers, thereby increasing privacy, security and user control.

Holochain is the technology that is the backbone of Holo. Holochain is an open source framework that enables the development and implementation of decentralized applications.

In contrast to traditional blockchains that use a block chain-based data structure, Holochain uses an event-based approach that allows each application to run independently in distributed node instances.

With innovative technology and a focus on decentralization, security, and privacy, Holo has great potential to change the way we use web applications in the future.

By empowering developers and users to collaborate in a decentralized ecosystem, Holo brings the vision of a more open, secure and inclusive internet to reality.

Also Read: Get to Know What Mimblewimble is: A Privacy-Oriented Decentralized Protocol

Holo (HOT) main Products & Features

Below are some of the main products and features offered by Holo.

1. Holo Hosting

Holo Hosting is a service that allows developers to run their decentralized applications on top of Holo infrastructure.

Users can rent out their computing space and get rewarded in the form of HOT as compensation.

2. Holo Chain

Holo Chain is the technology that is the backbone of the Holo platform. It is an open source framework that enables the development and implementation of decentralized applications.

In contrast to traditional blockchains, Holo Chain uses an event-based approach that allows each application to run independently in distributed node instances.

3. Holochain Development Kit (HDK)

HDK is a set of development tools that allows developers to build decentralized applications on top of Holochain. It includes various modules and libraries that speed up the development process.

4. Holo Fuel

Holo Fuel is a digital currency used within the Holo ecosystem. These are assets based on credits issued by hosting providers and application users.

Holo Fuel facilitates payments for hosting services, application development, and application usage on the Holo network.

5. Scalability

One of Holo's main features is its high scalability. By using Holochain technology, Holo can achieve a high level of scalability by allowing each node in the network to only need to validate transactions related to the applications they run.

6. Security and Privacy

Applications running on top of Holo offer a higher level of security and privacy compared to central web applications. User data is stored encrypted and cannot be accessed by third parties without permission.

7. Community Participation

Holo encourages community participation in application development and use. Developers can build their own applications and deploy them on the Holo network, while users can contribute by renting their computing power or using existing applications.

What is Holo Token (HOT)?

Holo Token (HOT) is a digital asset used within the Holo ecosystem. HOT is an ERC-20 standard token issued on the Ethereum platform.

However, it is worth noting that since launch, Holo has launched its own mainnet network, and HOT has been transferred to the Holochain network.

Here are some of the main functions of the Holo (HOT) token.

1. Payment

One of HOT's main functions is as a payment tool in the Holo ecosystem. Users can use HOT to pay for hosting services or applications running on the Holo platform.

2. Transaction Commission

HOT is also used as a transaction commission within the Holo network. When users make transactions or transfer assets within the network, they need to pay a transaction commission to the validator or host that validates the transaction.

3. Incentives

HOT is also used as an incentive for hosts to provide their computing power to run decentralized applications on top of the Holo infrastructure. Hosts can receive HOT in exchange for their hosting services.

4. Community Participation

HOT gives users the power to participate in decision-making and voting within the Holo ecosystem. HOT holders can participate in elections and decisions related to network development.

5. Investment

HOT can also be traded on various cryptocurrency exchanges and used as an investment tool by traders and investors. HOT prices vary according to market demand and investor sentiment towards the Holo project.

Also Read: Tips for Using Long Positions to Get Profit from Crypto Trading

Tokenomic Token Holo (HOT)

Holo Tokenomics (HOT) refers to the economics or token model associated with HOT within the Holo ecosystem.

It includes a number of elements that influence the value, distribution, and use of HOT in the network. Here are the details.

Total Supply: 177,619,433,545 HOT

Distribution:

• 33% - Public Sale
• 32% - Holo Ecosystem
• 25% - Team Holo
• 10% - Reserve Fund

Holo Fundamental Analysis (HOT)

Holo (HOT) fundamental analysis involves evaluating various factors that influence the value and long-term growth of the HOT token and the Holo ecosystem as a whole. 

Holo (HOT) has the power of Holochain's innovative technology, experienced team, and active community. Meanwhile, the weaknesses are competition from other blockchain platforms and HOT price volatility. 

Holo (HOT) & Competitors Comparison 

You can see the comparison table between Holo and its competitors in the following table.

Founder & Holo Team (HOT)

Holo was founded by Arthur Brock, an entrepreneur and software developer. The Holo team consists of experts in the fields of blockchain, cryptography, and software development.

Expert Opinion About Holo (HOT)

Expert opinions on Holo (HOT) are mixed. Some experts believe that Holo is an innovative platform with great potential to change the way the internet works, while others question HOT's price volatility and competition from other blockchain platforms.

Conclusion

Holo is an innovative platform with Holochain technology that enables P2P hosting without the need for a central server.

Holo has great potential to become a popular platform, but investors should be careful of HOT price volatility and competition from other blockchain platforms.

How to Buy HOT on Bittime

You can buy and sell Holo (HOT) coins in an easy and safe way via Bittime. 

Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. Holo is available on Bittime with HOT/IDR pairing.

To be able to buy HOT/IDR coins on Bittime, make sure you have registered and completed identity verification. 

Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet.

For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can make Holo (HOT) purchases in the application. 

Monitor price chart movements of ETHEREUM (ETH), Bitcoin (BTC), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

For a complete guide on how to buy HOT, click  here .

Apart from buying HOT tokens, you can also buy various crypto assets such as BTC, ETH, SOL, ADA, AVAX, DOGE, and many others. Don't forget, keep monitoring ORDI, BTC, ETH, SOL price chart movements today to find out crypto market trends  on Bittime. 

Crypto asset buying and selling transactions on Bittime are easy, safe and instant. Bittime is officially registered and supervised by Bappebti and Kominfo. 

 

Also Read:

How to Cancel or Modify an Ethereum Transaction: Complete Guide

Ethereum Dencun Launches on Holesky Testnet

What Is Honk (HONK): Goose Coin on Solana Blockchain, BONK Rival

 

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.