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Sell Holo (HOT)

$0.003605 AUD

 0.53% ()

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What is Holo (HOT)?

A peer-to-peer marketplace for hosting and sharing decentralised apps (dApps) built on the Holochain framework is what Holo (HOT), a decentralised cloud hosting platform, seeks to provide. It makes use of a special architecture that enables the seamless operation of distributed applications across a network of connected nodes, resulting in a more scalable and reliable hosting infrastructure.

The History of Holo

The founders of Holo, Arthur Brock and Eric Harris-Braun, who also developed the Holochain framework, formed the company in 2017. A decentralised application can be created with the Holochain framework, a portable and modular distributed ledger technology, and run solely on the user's device without the aid of a centralised server.

The Use Case of Holo

By offering a decentralised hosting platform, Holo hopes to act as a link between dApps built on the Holochain and the rest of the internet. Early in 2018, Holo launched a fruitful Initial Community Offering (ICO), earning more than $20 million to promote platform development and uptake.

Holo's use case is to offer a decentralised cloud hosting platform as a substitute for centralised cloud hosting services like Amazon Web Services (AWS) and Google Cloud. For hosting and sharing decentralised applications created using the Holochain architecture, it offers a peer-to-peer marketplace.

Compared to conventional cloud hosting services, Holo is intended to be more scalable, effective, and affordable. It makes use of a distributed hosting concept where users can provide the network access to extra processing power in exchange for HOT tokens. As a result, a hosting infrastructure that is more durable and scalable to suit the needs of massive dApps is produced.

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HOT Price Statistics

coingecko
Holo Price
$0.003605
24H Low/24H High
$0.00352145/$0.00368483
7D Low/7D High
$0.0021150156/$0.002449595
Trading Volume
$22,444,500.00
Market Cap Rank
#192
Market Cap
$643,026,992.00
Volume/Market Cap
$0.034904
All-Time High
$0.04083722 -91.14%
05 Apr 2021 (about 3 years)
All-Time Low
$0.00034924 935.72%
13 Mar 2020 (about 4 years)
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