The Holo project is a lot more than what it looks like. why? let us dig into it.
There are many elements in the holo project which are combined together in order to form a working system.
The main key elements are :
Holochain is an open-source framework for building fully distributed, peer-to-peer applications.
The purpose of Holochain is to enable humans to interact with each other by mutual consent to a shared set of rules, without relying on any authority to dictate or unilaterally change those rules.
Holochain explained in 100 words :
Holochain provides a data structure that can be used to build decentralized apps. You have your own chain, which you can add data to, including financial transactions. The chains can merge, split, and interact in complex ways. The data is stored in a decentralized way (like Bittorrent). The data has a hash, which is a mathematical fingerprint that corresponds to the data. If someone tampers with the data, the mismatch between the data and the hash will be noticed, and the data rejected as invalid. Digital signatures guarantee the authorship of the data. It’s Bittorrent plus git plus digital signatures.
Holo is a distributed peer-to-peer hosting platform for Holochain apps (hApps); a bridge to the new Internet.
Holochain dApps are basically termed as “hApps”.
HoloToken (HOT) is a placeholder that for a period of time, can be redeemable 1:1 for HoloFuel after the Holo Beta release in 2019.
HOT is an ERC-20 token sold as an IOU for HoloFuel during our Initial Community Offering (ICO) in April 2018. The funds raised are being used for the development of Holo and Holochain, its underlying technological infrastructure. Regardless of the past monetary value of either HOT or HoloFuel, HOT will be accepted as a straight swap. It will be 1 HOT for 1 HoloFuel. There will be an extended period during which you can participate in the swap. Details will be communicated well in advance.
HoloFuel is Holo’s native, asset-backed, mutual-credit currency.
HoloFuel is a Holochain-based currency that is a contractual service obligation, redeemable for hosting. HoloFuel is a mutual-credit accounting system capable of performing billions of daily microtransactions. Its primary use is for Holochain application (hApp) providers to pay Holo hosts for their services.
The HoloPort is an easy and direct way to support the distributed Internet, designed to host peer-to-peer Holochain applications.
As easy-to-use dedicated Holo hosting devices, HoloPorts serve as a bridge between the community running distributed Holochain applications and visitors from the web. Owners of HoloPorts can charge fees for their hosting service and earn HoloFuel. HoloPorts come in three sizes—the HoloPort Nano, the HoloPort, and the HoloPort+.
A Holonaut is anyone in the HoloVerse—members of the Holochain/Holo community, including, but not limited to:
Holochain developers, designers, Holo team members, partners, community collaborators and volunteers, entrepreneurs, startup founders, DLT/blockchain enthusiasts, hosts, event organizers, supporters.Owners of HoloPorts and Holo currencies, such as HoloTokens (HOT) and HoloFuel. Those who have championed the direction of the Holochain ecosystem and the Holo network.
Know more about the Holochain project by checking out its whitepaper .