Holo Token, created in 2018, is the digital token of the Holochain platform, and enables data storage and distribution. Holo was founded by Arthur Brock and Eric Harris-Braun, both of whom are experienced contract coders. The Holo network is part of the Holochain ecosystem, which consists of nodes and users who can host their data (applications) on the network and get paid for it. The Holochain platform uses the Ethereum blockchain as the base, therefore its HOT tokens are based on the ERC-20 protocol. The idea behind the creation of this technology is that it is not necessary to receive confirmation from the network participants, and record it in a general log in order to make transactions between two people within the network. To do this, they can create their own chain and conduct payments within it. The project highlights several innovations that it says will "enable a large shift in the landscape of crypto applications and currencies," including the ability to host P2P apps on the internet for mainstream users.
by Lumi Wallet
Free HoloToken wallet for Web, Android, and iOS. Send, Receive or Exchange HoloToken for more than 1000 coins and tokens.