Holochain is a blockchain that is unique and different from the blockchain we generally know, such as the Bitcoin or Ethereum blockchain.
Holochain is a framework for distributed applications or Dapps which is a collection of applications running locally on a personal device (not in the cloud).
Holochain has an agent-centered approach. This is what distinguishes it from blockchain in general which uses data centric. In holochain all agents (nodes) on the network get their own copy of the ledger, or in other words they have their own blockchaion in this case Holochain.
The ledger can function independently and securely, while interacting with all other devices on the network for a truly decentralized computing solution.
Because the nodes on the holochain do not store and validate the entire blockchain. There is only a fraction of the bandwidth used compared to traditional blockchains.
In addition, there is no mining component for Holochain, so there is not as much electricity used and power required as using a computer for daily activities.
Holochain will enable developers to build decentralized applications for governance, collaboration, organizational tools, social networks, social media, vendor relationship management, platform cooperatives, economic application sharing, supply chain solutions, community resource management, as well as common credit cryptocurrencies without token and reputation system.
Another interesting component of Holochain is its ability to support multiple consensus systems or agreements between users.
For example, Holochain can activate what is called a "Proof of Service" consensus system. Where Holochain users get rewards when the service is completed for other users then get compensation in crypto currency.
The important difference between the two technologies is how they are used in the real world.
Both are peer-to-peer networks. However, blockchain is ideal for systems requiring global consensus where nodes work together to maintain the network without owning a copy of the ledger.
Holochain technology, on the other hand, is suitable for systems that can work without the need for a global agreement. Non-global consensus requirements bring many benefits, including scalability, adaptability, efficiency, and so on.
Holochain can be used to develop various distributed applications (Dapps).
Applications can be made for a variety of uses. For example, networks are used for social media applications, government, organizations, and so on.
This project was a good fit for Holochain because of its agent-centered nature. You can also see a complete overview of the types of applications that can be developed on holohacker. When building dApps for Holochain, developers can use Lisp and JavaScript and there's also support for front-end languages like CSS, HTML, and JavaScript.
Holochain completed a month-long ICO on April 28, 2018 during which they raised around 30,000 ETH at the time, the cost was around $ 20 million.
There are 133,214,575,156 HOT tokens printed for the ICO. As of October 21, 2019, HOT tokens are trading at a price of 0.000950, and have a market capitalization of over $ 150 million. This makes it the 37th largest cryptocurrency by market cap.
Immediately after the ICO, tokens were trading as high as $ 0.002, which means Hot token owners made more than 1,000% profit in a week.
However prices quickly fell over the next two months, and in July 2018 it was trading below $ 0.0005.
Like all coins on the cryptocurrency market, HOT has had its ups and downs over the years, trading as low as $ 0.000341 on June 29, 2018 and as high as $ 0.002538 on May 29, 2019.
In 2021 Hot token is booming again, many crypto communities predict Hot will experience an increase this year.
According to Trading Beasts forecasts, 2021 it is estimated that Holochain will get a price of $ 0.0008879 by December 2021.
Wallet investors have also shown hope for the coin.
According to them, the coin is expected to trade for $ 0.00739 by the end of this year.
The all-time Hot price occurs on February 21, 2021 at a price of $ 0.004096, with this price Hot managed to record an increase of up to 400 percent since its lowest price on March 13, 2020.
