Buy Holo

Holo is a peer-to-peer platform hosting decentralized applications (dApps). Although it is often referred to as a blockchain, it is distinct from traditional blockchain technology. Holo uses a special technology called Holochain, which allows dApps to be developed and run on individual devices in a network.

Holo aims to bridge the gap between the traditional internet, which runs on centralized servers and devices, and decentralized applications, which run on a decentralized network. This makes dApps more accessible and user-friendly to the general public.

Users of the Holo Network can provide their unused computing power to host dApps and are rewarded with HOT, Holo’s native token. HOT was originally launched as an ERC-20 token and can be exchanged for HoloFuel tokens. These HoloFuel tokens allow users to pay for network and transaction fees when using various dApps on Holo.

Who are the founders of Holo?

Arthur Brock and Eric Harris-Braun are the creators and founders of Holo. Both men are experienced software developers who started developing Holo in 2016 as part of the MetaCurrency Project. This project aimed to develop tools for a future peer-to-peer economy. The team behind Holo consists of over 37 people who are not only technically skilled, but also interested in creating a fair and decentralized digital economy.

Holo has several applications. You can use Holo for:

• Hosting dApps: Holo allows users to leverage their unused computing power to host dApps, providing an alternative to traditional centralized infrastructure.
• Computing power revenue model: By leveraging unused computing power, users can earn HOT, which incentivizes them to support the network.
• A bridge between traditional internet and dApps: Holo aims to bridge the gap between the traditional internet and decentralized applications, improving accessibility and usability for end users.

At the heart of Holo is Holochain technology. Unlike traditional blockchains, which require consensus between all nodes to validate transactions, Holochain allows each node to validate transactions independently. This makes the Holo network highly scalable and efficient. For users, this means faster transaction processing and less congestion compared to other blockchain networks, such as Ethereum and Bitcoin.

Distributed Hash Table (DHT)

The independent validation of transactions by each node is made possible by the agent-centric Distributed Hash Table (DHT). Unlike a blockchain, which requires a specific ordering of blocks, in DHT each node stores its own transactions and those of its immediate neighbors. This allows data and network traffic to be scaled efficiently via sharding, allowing the network to function quickly and without congestion.

The role of the HOT token

HOT is Holo’s native token and acts as a digital “I owe you” within the Holo ecosystem. Users who volunteer their computing power to host dApps receive HOT tokens as a reward. These tokens represent a credit that can later be exchanged one-to-one for HoloFuel tokens, which are used for microtransactions and payments to hosts. There is a dynamic supply of HoloFuel tokens that adjusts to the current supply and demand ratio, contributing to a more stable value.

The total supply of HOT is set at 177.6 billion tokens. Since HOT tokens can only be exchanged one-to-one for HoloFuel tokens, this means that there can theoretically be a maximum of 177.6 billion HoloFuel tokens in circulation.

Holo stands out for several features that make the project unique. Some of these unique features are:

• Decentralized dApp hosting: Unlike traditional cloud providers, Holo uses a peer-to-peer network to host dApps, which leads to greater decentralization and security.
• Holochain: Holochain is the core of Holo and offers an alternative to traditional blockchain technology by allowing each node to process transactions independently, resulting in greater efficiency and scalability.
• Dynamic HoloFuel: HoloFuel's design adapts to supply and demand, keeping its value stable and making it suitable for microtransactions.
• No traditional staking model: Instead, Holo rewards participants who contribute computing power with HOT tokens, supporting the network in a practical and accessible way.

What is the difference between Holo and Ethereum?

Holo and Ethereum are both networks for hosting decentralized applications, but they differ primarily in their underlying technologies and goals. Ethereum uses blockchain technology to create an environment of smart contracts and dApps, while Holo uses Holochain, where each node is able to validate transactions independently. This makes Holo more scalable and efficient than the Ethereum blockchain. Additionally, Ethereum uses Ether (ETH) as its currency and means of payment, while Holo's dynamic HoloFuel is designed specifically for microtransactions within the network.

A second key difference is that Ethereum has a higher energy consumption than Holo. Holo emphasizes energy efficiency and offers hosting solutions for dApps via a peer-to-peer network. These differences make Holo attractive to those looking for a more sustainable and practical approach to decentralized application hosting.

Holo (HOT) can be purchased via Bitvavo. Our platform is accessible for both novice and experienced crypto traders. Follow these steps to buy HOT on our platform or via our app:

1. Register or log in to your Bitvavo account.
2. Make a deposit using the "Deposit" option.
3. Visit the Holo purchase page.
4. Enter the Euro amount you want to invest or the number of HOT you wish to purchase and confirm with "Buy".

The price of the Holo coins depends on the current market value. After purchase, the HOT tokens are added directly and automatically to your Bitvavo account, where you can manage and sell the coins. This makes it possible to act quickly based on market changes.

Store your Holo safely in your Bitvavo account, where the majority of funds are protected in cold storage, managed entirely offline. Bitvavo recommends activating two-factor authentication (2FA) for optimal account security.

For users who prefer a personal wallet, most software and hardware wallets support Holo. You can purchase HOT and transfer it to an external wallet by first adding the corresponding wallet address to your account, giving you full control over your tokens.