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What is Holo?
Holochain is a framework for building fully-distributed peer-to-peer applications. It uses a unique approach that is new to the cryptocurrency space. Unlike other blockchains, Holochain uses an agent-centric rather than a data-centric approach. This creates a more customizable and scalable solution than other blockchains.
Agent-centric means that the agent, which is the node, runs its own blockchain that will connect to the public Holochain. The agent only needs to maintain its own blockchain and the cryptographic key that connects them to the public chain. This is unlike more traditional blockchains, where all of the nodes are required to maintain consensus on the network and keep a record of the state of the blockchain.
The requirement of consensus across the network for public nodes uses a massive amount of electricity. But with Holochain, no global consensus is maintained, making it a more sustainable solution. Each agent maintains a private fork that it manages and stores in a limited way on the public chain. This stored data on each agent can even be accessed offline. The creators of Holochain compare this storage of data to the way information is stored in our DNA, or the way language is maintained by a cultural group.
Because each agent on the network can function independently, it still requires consensus. When users agree, data on the chain is synchronized. This is how Holochain scales for decentralized apps hosted on its platform.
Holo Market Price Ticker Chart
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Holo Frequenty Asked Questions
Where does Holo (HOT) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Holo currently ranks in position 94 out of the top 1000 cryptocurrencies. Another important factor in popularity is Holo‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Holo has a market cap of $ 492,223,805, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 903,823,678,752, Litecoin at $ 11,418,344,339, Ethereum at $ 174,888,897,171, Tether at $ 35,125,839,524, and XRP at $ 19,908,089,400.
What is the price of Holo (HOT) today (updated in realtime)?
The current price of Holo is $ 0.002779 in USD. (The price in Euros is 0,002302 €; and the price in Bitcoin is Ƀ 0.00000000 BTC.)
How has Holo (HOT) performed recently?
Holo‘s price has increased in the last 24 hours by 8.18%. The change in price over the last seven days was -20.81%. The trading volume over the last 24 hours was $ 121,589,829. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Holo‘s (HOT) market supply?
The total circulating (available) supply of Holo is 177,619,433,541 HOT. The total supply of Holo is 177,619,433,541 HOT.
What is the 24 hour volume for Holo (HOT)?
The 24 hour volume of Holo is $ 121,589,829.
What is Holo (HOT) official website?
Holo‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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