Holo (HOT) is a cryptocurrency and blockchain project that focuses on providing a decentralized hosting platform for distributed applications (DApps).
Holo aims to create a more equitable and user-centric internet by allowing individuals to host and share their own applications, content, and data, instead of relying on centralized servers and services. Holo leverages a unique technology called Holochain to achieve its goals.
Another key feature of Holo enables users to host and share their DApps and content on a distributed network of individual devices, reducing reliance on traditional data centers and centralized cloud services.
It is built on Holochain, a framework that provides a scalable, agent-centric approach to building decentralized applications. Holochain avoids the traditional blockchain architecture and focuses on peer-to-peer interactions.
Holo’s development is open source, and the project encourages community contributions to the growth and improvement of the platform.
Mutual Hosting and P2P Architecture
Holo introduces the concept of “mutual hosting,” where users who provide hosting services for DApps are rewarded with HOT tokens, while users accessing the DApps contribute to the hosting network’s resources.
Holo’s architecture promotes direct peer-to-peer interactions, which can improve privacy, reduce latency, and enhance overall user experience.
Moreover, Holo supports the creation and deployment of DApps that can be accessed by users across the network. These DApps can cover a wide range of applications, from social networks to productivity tools.
HOT token
HOT is the native utility token of the Holo platform. It is used for transactions within the network, rewarding hosts for their services, and accessing applications hosted on the network.
HoloFuel token
Holo introduces one more cryptocurrency called HoloFuel, which serves as a mutual credit accounting system for hosting services. It is designed to have stable value relative to hosting resources.
Source: https://coinidol.com/holo-hot-token/