Holo to Hold Live Stream on YouTube on August 14th

Holo will hold a live stream on YouTube on August 14th at 13:45 UTC, presenting the latest developments and addressing community questions.

HOT Info

Holo is a decentralized peer-to-peer platform designed to host DApps created with Holochain, an alternative to blockchain technology. The purpose of Holo is to bridge conventional internet and Holochain-built DApps, providing an accessible ecosystem and marketplace for these DApps. Holo enables these apps to be hosted on the internet through network participants, making them more accessible to everyday users.

The Holo network operates through hosts who supply storage and computational power for DApps built on Holochain. These hosts can run the Holo software on their computers or dedicated devices like HoloPorts, contributing excess processing power to DApps. In return, they earn HoloFuel, a token designed for microtransactions. HoloFuel is intended to support a high volume of transactions, enabling the Holo network to handle billions of simultaneous transactions efficiently.

Holo initially issued an ERC-20 token, HOT, also known as HoloToken, in 2018. This token acts as an “IOU” and will be exchangeable for HoloFuel upon its launch. HOT serves as a temporary token until the full implementation of HoloFuel, which is the main currency of the Holo network and is used to compensate hosts for their services. Holo’s revenue model is based on transaction fees from HoloFuel, with the network“s growth directly impacting Holo”s earnings.