Holo crypto is a popular cryptocurrency that Holochain used to perform payments. In this article, you will learn about holo investment, the worth it, and the Holo price prediction.
For the past two years ago, we have seen rising prices and the popularity of cryptocurrencies and their market. Before that era, cryptocurrencies were a hobby in the technology world. Also, many people who work in financial institutions considered them a scam. However, very soon, cryptocurrencies showed that they want to stay! A lot of major brands, banks, and financial institutions accepted cryptocurrencies and Blockchain technology and even started investing in them.
With the growth of the crypto industry and the increase in its acceptance by people and companies, more cryptocurrencies will add to the market. A few months ago, hundreds of new coins like SafeMoon, Orfano, and SafeMars have been added to the market portfolio and their prices have risen sharply. Now people are looking for passive income and they are searching for the best cryptocurrency to invest in. In this article, we’ll talk about popular crypto that is Holo.
What is Holo crypto (HOT)?
Applications that use the Holochain network do not require blockchain technology, as Holochain alone is the framework for developing DApp. Holo is a distributed p2p platform for hosting decentralized applications on the Holochain network.
The goal of Holo crypto is to serve as a bridge between the broader internet and applications base on Holochain, offering an ecosystem and marketplace in which people can easily access DApps, as they will host on the internet by Holo network contributors.
The Holo network is set up with the help of a token called HoloFuel, which is constantly being tested and acts as an accounting system to pay for the host as a result of their services. In 2018, the project recorded an ERC-20 token, HOT – also known as HoloToken – as an “IOU” that can be used for HoloFuel once launched.
Holo crypto is still evolving, and developers expect this cryptocurrency to launch by 2021 for open alpha and beta testing.
Who Are the Founders of Holo crypto?
Arthur Brock and Eric Harris-Braun are experienced cryptographers who created Holo crypto. The two first collaborated in December 2016 as part of a MetaCurrency project as a tool and technology developer. Holo was partly modeled and shaped after Ceptr. It was a cooperative peer-to-peer framework for DApps that they had developed before.
Arthur Brock is a highly experienced altcoin encoder who founded Geek Gene, a developer of community building tools. He developed and presented more than 100 alternative currency solutions. He also founded social-enterprise incubator Emerging Leader Labs and established open-source training “starter kit” Agile Learning Centers. Moreover, Arthur was elected in March 2019 as a member of the New Zealand-based Edmund Hillary Fellowship.
Harris-Braun began full-time programming in 1988, resulting in the founding of Glass Bead Software, a developer of communication software such as Emerging Leader Labs, along with Arthur. Harris founded Harris-Braun Enterprises in 2003, as freelance software development and consulting company. Another of his experiences is that he has also worked on the advisory board of the Schumacher Center for New Economics.
What Makes Holo crypto Unique?
Holochain is a platform representing the world of crypto technology. Developers designed Holo crypto to act as a bridge between Holochain and everyday users. The Holo project highlights several modern innovations. It can make a big difference in the landscape of cryptocurrencies and fiat currencies. Users of such systems can use peer-to-peer applications on the Internet.
The platform can host DApps which provides developers to develop their projects. The Holo network relies on a series of hosts that provide the ability to store and process DApps built using Holochain.
These hosts work in two ways:
First, they install software on their device that runs in the background and automatically provides additional processing power to Holochain-based DApps.
Second, they can run a proprietary machine-like HoloPort.
In return, hosts will pay with HoloFuel, which is a token designed specifically for small transactions. With the HoloFuel design, the Holo network is expected to process billions of simultaneous transactions.
The project’s business plan is based on building a P2P ecosystem of hosts and applications, using them in numerous industries such as Uber and Airbnb in the taxi and hotel industry, respectively. Holo receives HoloFuel transaction costs, so its revenue model depends directly on increasing the number of applications and network hosts.
How is the Holo Network Secured?
As mentioned, the Holo network acts as a bridge between the centralized Internet and the Holochain network, and in fact, has no connection to or relies on the old, traditional blockchain technology. In this regard, Holo crypto does not rely on the global consensus to ensure the security of its networks. Instead, each DApp has its own set of validation rules and has a local hash chain that can store password-signed records. When data pass through multiple nodes, random peers will act as validators. In fact, they receive the data and check whether the data follows the correct rules or not. Validators use the gossip protocol to share good data and to warn about adverse data or bad cast lists.
The HOLO development team believes that the HOLO is designed to be completely decentralized and aims to reduce the risk of giving too much power to any entity. The connection between hosts and applications is end-to-end encrypted, and Holo uses a globally distributed server network.
Where Can You Buy Holo (HOT)?
If you want to know where and how to buy Holo crypto, you need to take a look at well-known crypto exchanges such as Binance, Bitrue, ProBit Exchange, and MXC.COM, and other reputable exchanges. The trade can do in the current markets with Fiat currencies such as US Dollars and Euros, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), and stable coins such as USDT.
What is Holochain?
Some applications give developers a framework for building DApps. Holochain is a distributed network, data integration engine for that apps. And also it is an alternative to the traditional blockchain. The Holochain platform guarantees infinite scaling capacity through a p2p network. It uses DHT (Distributed Hash Table) algorithm, which is a validation mechanism where each user has its own chain.
Holochian platform unlike blockchain network utilizes a unique distributed network that reduces congestion and shade. On the other hand, regular Blockchains will purely decentralize and are inflexible for customization. The Holochain developers believe that they have built a next-generation enterprise-grade network similar to the Blockchain network, With much more efficiency and effectiveness.
Holochain’s scalability has no limits, it supports DApps hosting, and holds the cloud-based IT foundation. It is an open-source framework that involves Holochain token (HOT) and the Holo Platform for hosting Holochain DApps over the cloud.
What is Holochain
Holochain VS Blockchain
Holochain is a modern approach to Distributed Ledger Technology. What sets Holochain apart is that it avoids a traditional method of such as the PoW algorithm. The system allows each so-called agent or host to keep its own private fork. A distributed hash table then keeps the records of the entire forks and the system design makes it possible to solve the problem of scalability. Also, it uses fewer resources for DApps that will create and hosted on Holochain.
The Holochain structure works like the hologram structure. In a hologram, a coherent 3D pattern will creat with the specific interaction of light beams. In Holochain, a cohesive structure will produce, putting separate components together and using comprehensive patterns as part of its design. Blockchains, however, will power by consensus algorithms such as the POW algorithm that require a lot of electricity. Because the nodes in Holochain do not store and validate the entire blockchain, there is no mining and therefore energy consumption is minimized. So this means that Holochain is a green solution. Developers compare their system to how a living organism’s information will store in DNA or how languages will store in a population.
Holochain VS Blockchain
Usage of Holochain
The Holochain is an appropriate choice for DApps especially those that require many customized data entries. Due to its agent-oriented nature, it works well on p2p operating systems, supply chain management or loyalty programs, mass intelligence projects, and more. Because each node publishes a shared distributed hash table, Holochain does not work well with private or anonymous databases. Therefore, it is not suitable for large file hosting applications.
Holo crypto Price Prediction 2021: The future of Holo Coin & Holochain
Predicting the future price of HOT coins is not an easy task because it depends on many unknown factors.
The project’s founder, Arthur Brock, predicted the price of the Holo coin on Reddit. They talked about the future price of $ 1 per Holo coin in the next few years, as well as the stabilization of the price in that area. This may happen in 2021, 2022, 2025, or 2030 and no one can know exactly what the timeline is.
In fact, the HOT token is a placeholder for the future HoloFuel cryptocurrency. The developers designed it to become a long-term stable coin. Also, the token is currently in the process of discovering a speculative price along the way. This trend should continue as long as the project is not yet mainstream and not known to all people.
By reviewing the documents, we can find the modeling of the relationship between HoloFuel price and internal price. It describes that three prices: host price, internal price, and HoloFuel price are closely related. As mentioned earlier, we see that the price of HoloFuel tends to stabilize.
Holo crypto Price Prediction 2021
Finally, The Holo crypto price graph is very similar to the trend that Bitcoin has taken over the past 10 years. This means that a sequence of parabolic increases when the price will discover and then price stability with less strong movements.
However, the HoloFuel design must allow for faster stability. So it prevents the usual 60% drop in bitcoin bear market phases. But, everyone should be careful not to confuse HoloFuel (HF) with fixed US dollar-denominated coins such as the USDT, USDC, or BUSD. In fact, HoloFuel will not attach to the price of the US dollar. Not only it can go up to $ 1 but even go up to $ 2 or more! However, as volatility increases, it decreases. So it is important to be an early adopter that you can benefit as much as possible from the price increase.
Holo coin (HOT) Price Prediction 2021: Technical Analysis
A memorable event in the world of cryptocurrencies held in February 2021. In fact, on February 8, Tesla CEO, Elon Musk announced publicly that his company had invested $ 1.5 billion in Bitcoin. The point is it was 8% of the community’s assets at the time of the transaction.
Holo after that event, broke this big price resistance at the level of 0.001 USD. It has been more than a year (August 2018) since sellers monitored prices and crushed buyers. But with the failure of this resistance level, buyers (bulls) took over the price.
In addition, we should notice the ADX indicator for the 14th period. It is below the horizontal line at the end of September 2019. So at the time, long-term investors who trusted the project were able to take advantage of the bearish trend to collect as much cheap Holo as possible.
Now we can obviously say that Holo crypto is finally in a bullish trending market. The reason is the ADX index is now above its 25 horizontal. The failure of the 75 levels in the RSI period 14 led to a sharp acceleration of the uptrend until reaching the ATH point of about 0.0025.