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Holo (HOT) is the 111th largest cryptocurrency in the world by market cap, valued at $369,933,873. The current price of Holo is $0.00207846, which is -4.643% lower than yesterday. Prices have ranged between $0.00220068 and $0.00204248 over the past 24 hours. All prices are listed in US dollars and accurate as of February 01, 2023 01:02 UTC.
Holo is a platform that enables the creation of decentralized applications built on top of the holochain. According to Holo, the holochain is Holo’s version of the blockchain.
Unlike other blockchains, the holochain uses an agent-centric method to improve scalability. Individual nodes independently confirm and validate transactions. These transactions are then passed to neighbouring nodes for verification and then finally passed to the main holochain for transparency.
By utilising a holochain, Holo aims to bridge the gap between the traditional Internet scalability and the limitations of current blockchain networks. The HOT, or HoloToken, is currently sold as an IOU token for the redemption of HoloFuel. HoloFuel is intended to reward nodes within the network and is scheduled for release in 2021.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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