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MMA_Crypto
Jan 26, 2022

Holochain was designed to create a distributed internet built with user autonomy in mind. By changing how Holochain distributes, stores, and processes data it is reimagining how this influences our communications. Holochain aims to create “a more human internet”, one where interactions and relationships aren’t dictated or overlooked by centralized entities. 

By minimizing corporate control, Holochain is creating an internet that serves individuals, not corporations. HOT enables people to take control of their own online identity while connecting with apps that meet their needs without being reliant on centralized entities. Also, Holochain makes it easy, fast, and cost-effective to build distributed Holochain applications.

Holochain offers developers the opportunity to quickly and efficiently create fully distributed peer-to-peer web applications. Holochain makes scalability a key focus allowing the protocol to facilitate a global infrastructure compared to that of Twitter or Facebook, without any centralized data centers or storage.

Holochain has created a platform that enables developers to create distributed apps that use the Javascript programming language. 

The main difference between blockchain technology and Holochain’s use of a distributed hash table (DHT) is the approach in which a transaction is verified and confirmed. With blockchain, all nodes in the network must achieve consensus using a Proof-of-Work (PoW) consensus algorithm. Although, some variations of Proof-of-Stake (PoS) algorithms only need a majority confirmation from the network to verify a transaction

Scalability is a primary objective in the current blockchain development landscape. As blockchain networks grow with additional nodes, increased energy is needed to confirm transactions. This is a challenge many blockchain developers are looking to resolve, including innovative layer 2 solutions. These layer 2 solutions will be a huge investment opportunity in 2022. 

Holochain has designed a way to combat this, by “sharding” distributed hash tables (DHT). This helps by decreasing the transaction load for each node as the network increases in size. 

Moreover, the energy required to generate Holo tokens (HOT) is minuscule compared to that of typical blockchain technology. Large blockchains like BTC and ETH, the upfront cost of becoming a node or validator is a high barrier to entry for a lot of people. This could be due to the initial hardware or minimum tokens needed to stake. Holochain doesn’t require mining and is capable of operating multiple full nodes on a mobile device.

Holochain is a ‘post-blockchain’ technology that requires no staking or mining. Therefore Holochain can not be subjected to any majority attacks. Also, this greatly reduces the already minor risk of bad actors in the network. Users can trust and verify the code on a single node.

Holochain is presenting a new concept around distributed and decentralized technologies with the introduction of a distributed hash table (DHT). This technology, as marketed by Holochain, is ‘post-blockchain’ technology that makes use of all the advantages of blockchain. Furthermore, this is achieved without the drawbacks of many blockchains, such as high up-front costs, network congestion, and expensive gas fees as a result.

Holo works in conjunction with Holochain as a bridge to connect the distributed Holochain network and the mainstream centralized internet. Moreover, Holo also provides users an opportunity to monetize their spare computer capacity. Users can earn passive income receiving rewards in HoloFuel tokens, redeemable for crypto or computational power. 

Holochain has one goal: replace blockchain. We all know the first of anything is great but never lasts as technology develops. Take cell phones for example; we saw car phones and the first cell phones being the size a size 12 shoe! Next we saw Nokia (I think) launch a new state of the are cell phone that was smaller and slid open then flipped. Next was Motorola, then blackberry, then android, and so on and so on. We are always advancing and developing. If you don't grow, you die. Holochain plans to continue the growth in crypto by replacing blockchain. I know I hold a LARGE bag of HOT and hope they can pull off what many think is not possible. 
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-MMA_Crypto

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