Holo (HOT)

Decentralized Hosting

Holo provides a peer-to-peer hosting network where users can share their unused computing power and bandwidth to host decentralized applications (hApps). This allows apps built on Holochain to be accessed through regular web browsers without relying on centralized servers.

Payments and Transactions

Holo’s token, HOT, is used to pay for hosting services on the Holo network. It acts as a placeholder for HoloFuel, a future mutual-credit currency designed to enable fast, scalable, and transparent microtransactions between hosts and users.

Application Use Cases

Holo supports a variety of decentralized applications including social networks, supply chain management, reputational or loyalty programs, and collective intelligence projects. Its agent-centric design lets users control their own data and digital identities.

Network Benefits

By distributing hosting and data storage across many users, Holo aims to create a more resilient, efficient, and private internet experience compared to traditional centralized models.

Pros

• Holo addresses blockchain infrastructure issues with a unique, energy-efficient consensus algorithm.
• It offers scalable and efficient hosting for decentralized applications, enabling faster and more reliable transactions.
• The peer-to-peer architecture supports decentralization and removes the need for intermediaries.
• Developers save costs by not needing to maintain traditional cloud hosting.
• Holo uses a "proof of service" validation instead of energy-heavy mining.
• It allows each user/node to operate their own blockchain, improving scalability.
• Listed on major exchanges like Coinbase, making it accessible for trading.

Cons

• Holo’s system involves multiple blockchains, which can be complex to manage.
• HOT tokens cannot be mined or staked like many other cryptocurrencies.
• It is still a relatively young project, so it faces development and adoption challenges.
• Buying HOT often requires crypto-to-crypto exchanges, as fiat gateways are limited.
• The network and exchange fees can vary depending on usage and platform.

For more details, visit the official Holo website or trusted crypto platforms.

Founders

Holo was founded by Arthur Brock and Eric Harris-Braun. They started working on the project in 2016 as part of the MetaCurrency Project, focusing on peer-to-peer economic tools and decentralized systems.

Investors in Holo

• Venture Capital Firms: Some known investors include YouBi Capital, Woodstock Fund, Wolfedge Capital, DU Capital, and Continue Capital. These firms support Holo's development and growth.
• Corporate Investment: MicroCloud Hologram Inc., a technology service provider, has invested heavily in cryptocurrency and related technologies, including a $200 million allocation toward Bitcoin and crypto derivatives as part of its capital reserve strategy. This shows strong corporate interest linked to Holo's ecosystem.
• Founders and Early Developers: Arthur Brock and Eric Harris-Braun, the creators of Holo, have been key figures in its development since 2016, contributing both expertise and initial support.

These investors help Holo grow by providing funds and strategic support for its technology and market expansion.

Halal Status of Holo

• Yes, Holo is generally considered halal because it is designed to compensate hosts for providing real computing resources to the network.
• The project focuses on distributed computing and hosting services, which involve the exchange of actual services rather than speculative trading.
• This aligns with Islamic finance principles that emphasize real economic activity and avoid interest (riba) or gambling (maysir).

For more detailed guidance, consulting a qualified Islamic finance scholar is recommended.