Review on Holo by Saleh Bayramli

Peertopeer Holochain is a blockchain technology that does not require the use of a distributed platform DApp to host decentralized applications built using the framework for development. Holo's goal is to provide an ecosystem and market. When Holo network participants host DApps on the Internet, they can easily access the ecosystem and market and act as a bridge between the wider Internet and applications built with Holochain. The activation of the Holo network can be facilitated by using a token called HoloFuel. Using this test method, the system is in an accounting structure and can easily pay for its services. An ERC20 token called HOT, also known as HoloToken, was minted as an "IOU" that can be used for HoloFuel, and the token was launched in 2018. Chapter

What is the Holographic Coin?

Holo Coin was founded by Arthur Brock and Eric HarrisBraun, both with experience in contract coders. The two first started the project in December 2016. As part of the MetaCurrency Project, MetaCurrency is a developer of tools and technology that aims to power the future P2P economy. Holo partially mimics Ceptr, which is a collaborative P2P framework for DApps, and the two had previously participated in it. As the founder of Geek Gene, Brock has extensive experience coding alt-currency systems. Geek Gene is a company that develops community building tools, which include more than 100 alternative currency solutions. He is also a co-founder of Emerging Leader Labs, a social business incubator, and established the Agile Learning Center for the open source education "starter kit." In March 2019, Brock was selected as a member of the Edmond Hillary Fellowship in New Zealand. Harris Braun began programming full-time in 1988. He is the founder of communication software developer Peer-to-Peer Glass Bead Software and the co-founder of Emerging Leader Labs with Brock. In 2003, he founded HarrisBraun Enterprises, a free software development and consulting company. He is also a member of the advisory council of the Schumacher New Economic Center. The issue date of

Holo Coin is 2018. Holo is one of the most invested cryptocurrencies in the world. Its founders are Arthur Brock and Erick Harris. According to its founder, it was first developed as a project in 2016 and launched on the market about 2 years later. The country of

Holo Coin is the United States. The Holochain Foundation has cultivated a global community of individuals and projects to create an ecosystem of partners and colleagues whose work reflects the commitment of the foundation.

To get Holo Coin, you need to create an account at a cryptocurrency exchange. Hot; it can be purchased on cryptocurrency exchanges such as Binance, Bitrue, ProBit Exchange, and MXC.COM. In the spot market, fiat currencies such as the U.S. dollar and the euro can be traded with cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as the stable currency Tether (USDT). With an account created with personal information and approved by KYC, the next HOT Coin transaction order is very easy. What infrastructure does

Holo Coin use?

Holo Coin Infrastructure Its aim is to act as a bridge between the Holochain, which represents the world of encryption technology, and everyday users. The project highlighted several innovations and said it would bring a major change in the landscape of cryptocurrencies and applications, including the ability to host P2P applications for regular Internet users. The Holo network is built on a set of hosts that provide storage and processing capabilities for DApps built with the Holochain. The server runs in the background, automatically installs the software on its own computer, allocates additional processing power for Holochain-based DApps or runs a dedicated machine on HoloPort as an exchange, and the host pays for HoloFuel, a command designed for microtransactions. . The design of HoloFuel, the Holo network, is expected to allow it to process billions of simultaneous transactions. The project’s business plan focuses on building a P2P ecosystem for hosts and applications, and compares its expected impact on application hosting with the impact of Uber and Airbnb in the taxi and hotel industries. The advantages of

Holo Coin are as follows:

provides high security. The Holo network is a bridge between the centralized Internet and the decentralized blockchain. This is why it does not use consensus algorithms. It uses cryptographically signed records to protect the network from any type of risk.

has an ideal processing speed. HOT Coin ships within minutes for cross-wallet and cross-border transfers. In buy and sell transactions, a short lead time is required to get approval of the hold order.

has the function of preventing money laundering. HOT Coin has its own model of data transmission protocol. HOT Coin holders can warn each other about incorrect data on the network. In this way, you will blacklist suspicious actors. The disadvantages of

Holo Coin are as follows:

depends on the server network. The Holo project has a network of servers and every user who joins this network can enjoy the benefits. The connection to the blockchain is not a direct connection, but is established through Holo.

There is a risk of being attacked. Even if the HOT Coin network is secure in a virtual wallet, it faces the risk of possible attacks on cryptocurrency exchanges. This is why it is preferred to store hardware in a wallet.

While conceptualizing Holochain, the founders decided to create a sustainable economic model for open source projects. Many open source software projects accept contributions in the form of money and code from software enterprise users. Holochain solves this problem in different ways. The Holochain Foundation did not seek the support of companies, but decided to create its own company Holo Ltd. to provide the foundation with basic livelihoods. Holo Limited is a cloud hosting company owned by the Holochain Foundation. Holo Ltd issued an ICO in 2018 to fund the creation of Holochain network components, HoloPorts, HoloFuel and Holo hosting applications necessary to create a distributed hosting network for distributed applications. The official website for Holo, Holo Coin

is www.holochain.org. cross