What is Holo and his crypto with the acronym HOT?

Huynh NguyenJuly 19, 2022

What is Holo and his crypto with the acronym HOT?

Have you ever heard of the crypto Holo, better known by the acronym HOT? Some call it Holochain, Holotoken or Holo Network. This is a system originally invented to improve the current blockchain. It is not really a cryptocurrency but rather a crypto-asset. The latter is very special because it is based on a type of scalable registry, fast, and above all much less expensive in its operation than Bitcoin. The goal of the designers is to create a fully decentralized platform, in order to design applications and web hosting. Back to the crypto Holo and its HOT coin!

What is the origin of the Holo project?

Originally, Holo’s designers did not really intend to create a cryptocurrency. What they are passionate about is improving blockchain. Simply put, you should know that blockchain devours 0.25% of global electricity and could rise to 1–2% in the very near future if it is not optimized. It is to this problem that Holo creators have attached themselves. Their idea was as follows: that everyone could earn credits initially called HOT (soon we will talk about Hot Fuel), by making available in a cryptographical way the resources of their computer or smartphone.

How does the Holo project and its HOT cryptocurrency work?

The operation of the Holo project is very specific and very difficult to compare with other cryptocurrencies (holo price prediction 2025). Simply because the initial project is absolutely incredible. Designers feel invested with a mission, and deploy considerable resources to create a parallel and more efficient system than the current blockchain. Let’s go back a little more precisely to the technical elements of this project and its crypto Holo.

How does the Holo cryptocurrency project work?

As you will have understood, at the base of the Holo project is Holochain. This system works on a much more efficient and scalable type of registry than the current blockchain. Why? Well, simply because nodes only hold data that directly concerns them. It is therefore a mesh network. Quite simply! In order to be a decentralized platform in its entirety, crypto Holo uses the consensus method called Proof of Service (usually, systems use Prook of Stake or Proof of Work). The Holo system is therefore simply a magnificent alternative to blockchain. The designers are visionary and hope that one day, Holo will replace the Internet while remaining decentralized. As a result, those who use Holochain can protect their personal data and help people connect to their applications. However, every time users do this and use applications you host, then you earn HOT cryptocurrency (etherlite coin price prediction).

What is Holoport?

The first peculiarity of crypto Holo is that it is one of the only projects in the world to have launched an ICO with a product that was already functional, namely the Holoport. It is a box to operate the network. The Holoport can therefore be purchased, then it must be connected and configured. It will then be possible to share the mathematical abilities of the Holoport. Computing power is used for decentralized applications. Then, you earn HOT crypto that can either be resold or used to buy services. Currently, there are three models of the Holoport case:

Holoport Nano 2GB
Holoport Classic 8GB
Holoport + 16GB

What differs is the calculation speed as well as the storage capacity. If you want to participate in the Holo adventure, you will have to equip yourself!