Holo(HOT)

Overview

Holo (HOT) is a cryptocurrency associated with the Holochain ecosystem, designed as a means of paying for distributed application hosting. Unlike blockchains, Holochain does not rely on global consensus; instead it uses an agent-centric architecture in which each participant maintains their own signed hash-chain ledger. Data is validated and shared among peers through a distributed hash table (DHT).

HOT was issued as an Ethereum-based ERC-20 token during a 2018 ICO, with the stated intention of eventually converting to HoloFuel, the native currency of the Holo network once it becomes operational. In the proposed model, hosts contribute spare computing capacity and receive tokens in return for serving Holochain applications. The project emphasizes energy efficiency and scalability, since devices operate independently and synchronize data only when needed or agreed upon by users.