Holo is a peer-to-peer platform designed for hosting distributed applications. It is built on a cloud storage infrastructure that offers a marketplace for various decentralized applications (dApps). Users can contribute computational power in exchange for HoloTokens (HOT), which are used within the ecosystem. Holo acts as a bridge between the traditional internet and applications constructed using Holochain, providing an ecosystem for managing and hosting these decentralized applications.
Holo operates on a distributed platform utilising Holochain technology, which diverges from traditional blockchain approaches. Instead of a blockchain, it employs a distributed hash table (DHT) that allows individual nodes to validate transactions independently. This agent-centric approach enhances scalability and reduces energy consumption compared to blockchain. Unlike blockchain that requires consensus from all nodes, Holo achieves local consensus through validation rules (DNA), ensuring data integrity without global consensus requirements.
Holo can be utilised in several ways:
Holo was founded in 2017 by Arthur Brock and Eric Harris-Braun. It launched an Initial Community Offering (ICO) in 2018, raising funds to further develop the platform. Holochain technology launched in 2019, introducing a framework for building scalable decentralized applications without traditional blockchain limitations. Over the years, Holo has released various technological updates and products, including the Alpha 1 version in 2018, and has facilitated community development through HoloPorts and Dev camps.