Buy Holo (HOT)
What is Holo?
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.
How does Holo work?
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.
What are the potential use cases for Holo?
Holo can be utilised in several ways:
- P2P Cloud Hosting: Users can earn HOT tokens by providing cloud hosting services for dApps.
- Decentralised Applications Marketplace: Facilitating easy hosting and management of dApps.
- Microtransactions: Enabled by HoloFuel for network transactions, providing fast and secure transfers.
- Decentralised Communication: Apps like Elemental Chat demonstrate its potential in secure communication.
- Enterprise and Financial Applications: Partnerships aim to disrupt sectors like DeFi and cloud hosting, enhancing efficiency and scalability.
What is the history of Holo?
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.
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Frequently Asked Questions (FAQs)
What is the current price of Holo (HOT)?
The Holo price is $0.00392191 AUD, representing a +0.09% from the day prior.
Where is the best place to buy Holo (HOT) in Australia?
The best place to buy Holo (HOT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Holo (HOT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Holo (HOT)?
The trading volume of Holo (HOT) is $43.0M AUD in the last 24hrs, representing a +0.09% from the day prior.
How can I buy Holo (HOT)?
Holo (HOT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Holo (HOT)?
The current market cap of Holo (HOT) is $693.1M AUD.
Can I convert Holo (HOT) to cash?
Yes - With Coinstash you can convert your Holo (HOT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Holo (HOT) are there?
The current circulating supply of Holo (HOT) is 177.6B.
Is Coinstash a safe place to buy Holo (HOT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Holo (HOT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.