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.