What is Holo Coin (HOT)?
Hello, today I wanted to share Holo, which has made me a lot of profit lately. They made me laugh a lot, with an increase of around 52% since yesterday alone: D
Holochain is a data integrity protocol for applications using Distributed Hash Table (DHT) that gives each participant its own “chain”. Unlike the meaning of "chain" in its name, Holochain is not a blockchain. Using the motto "Beyond the Blocks", ie "Beyond the Blocks", Holochain emphasizes that the network it presents is different from blockchain. Sharing information with Distributed Hash Table is similar to using Torrent. Holochain's work dates back to 2008. The founders of the Metacurrency.org site developed their ideas and put forward the Holochain network.
What is Holo Token (HOT)?
Until the Holochain system was put into operation, it is a crypto currency that was produced on the base of the ERC-20 for the purpose of both promoting the project and creating resources. Holo Token was launched in April 2018 as a result of the ICO study. In the planning, when the Holochain network was active, users would have made a 1: 1 Holo Fuel swap for the Holo Token they hold, and only Holo Fuel would be traded in the markets; However, according to the official announcement made by Holochain, it was decided to change the Swap transaction; However, according to the statement made by the Holochain authorities, some changes were made in the exchange process. Accordingly, the Holo Token (HOT) will not be withdrawn and will continue to be traded on stock exchanges. Users or developers who want to make transactions within the Holochain network will be given Holo Fuel 1: 1 in return for the Holo Token (HOT) they hold and Holo Tokens will be kept in the reserve account.
What is Holo Fuel?
Holo Fuel is a kind of currency designed as an “asset-backed” for use in the Holochain network; however, Holochain defines Holo Fuel as a unit of account that will be used to reward service providers or to purchase the hosting system that will keep the system running, rather than a currency. When the Holochain network is activated, Holo Fuel will be used in the network, but transactions on exchanges will continue to be made with Holo Token.