What is Holochain? Check Out the Explanation Here!

What's that Holochain? Holochain (HOT) is a unique technology that is different from other leading blockchains such as Ethereum or Bitcoins.

Holochain has a token known as the HOT coin. Where many investors and traders have used their coins to trade trading in the short term.

What is Holochain? 

Holochain (HOT Coin) distributes computing power powered by HoloFuel within the Holochain network. As well as creating a decentralized internet, Holochain also enables the creation of a distributed internet that is not connected to existing web collections.

Holochain reminds us of the first preview of the Ethereum project, which aims to build a slow internet based on the ETH blockchain.

However, Holo comes with innovations aimed at creating a distributed internet, which is expected to be faster than other blockchain technologies.

The Holo team claims that the Holo network has unlimited scalability, so newly distributed applications won't overwhelm the network.

In particular, the network can connect user devices to each other. In this way, it guarantees freedom and availability of installable software for its users. 

How HOT Works

The Holochain ecosystem consists of distributed computing users and users. Hosts can use HoloFuel to support distributed and paid applications.

In addition, users can also use distributed applications. The Holo team describes Holochain as a “data truth engine” for distributed applications. The technical basis of this application is DHT (Distributed Hash Table) verification, where each user will have his own chain. 

This allows transactions to be signed directly on any chain. After the process is complete, the information will be entered into the distributed hash table.

In short, Holochain uses DHT like no other blockchain. Therefore, all transactions do not require expensive contract processing to verify transactions on the network.

In this way, the power requirements in the network are greatly reduced. In fact, all transactions can be arranged smoothly without any restrictions. On the other hand, blockchains such as Bitcoin and Ethereum still have problems processing transactions on the network.

Also read: How to Learn Crypto To Start Trading, Read This!

Difference Between Holochain and Blockchain

Holochain and bcokchain have differences in their usage. But both use the same network, ie peer-to-peer.

Blockchain is ideal for systems with global consensus requirements, where nodes work together to maintain a ledger-less system.

Although holochain is good for systems that work without global consensus. In this way, benefits such as scalability, flexibility and efficiency can be achieved. 

Also read: Crypto Scalping Is A Short Trade, Here's The Explanation!

Hopefully this article can help those of you who are looking for what Holochain is. Remember, don't buy crypto assets without knowing the risks you will get. Do your own research before buying crypto assets.