What is Holo Coin (HOT)? What is the seamless integration platform that combines the benefits of both decentralized and centralized systems? What is HOT?

Holo Coin (HOT) is a decentralized cloud storage platform built on the proprietary blockchain technology called Holochain, providing storage space for decentralized applications (dApps) built directly into its architecture and protocol.

In addition, Holochain also provides the necessary scalable cryptographic accounting infrastructure to store these applications with massive usage volumes.

Holochain enables individuals to own their own data, control their own identity, and play a crucial role in connecting applications that meet the needs of users. Furthermore, Holochain enables transactions without a centralized system, making transactions faster and cheaper than ever before. In addition, Holochain provides protocols and command lines that adhere to a standard to help people build their own distributed applications, calculating costs so that people can use applications together.

HOT Token is the primary cryptocurrency of Holo platform used for various purposes, such as payment for decentralized applications on the platform, transaction fees.

Features of Holo

Faster: Applications stored on the Holochain system do not need to be synchronized through a third party, so users may notice a small change occurring much faster than applications using blockchain.

More efficient: No need to force everyone to create an additional copy of every change, making Holochain more scalable. This means that Holochain can be used for things that blockchain cannot address, such as computing microtransactions.

Scalability: Holochain supports applications with millions of concurrent users thanks to its parallel architecture. In addition, users can expand applications by linking them with other applications.

Adjustable: Users can adjust the applications and transactions to meet their needs when downloading and using them.

Development Team

The Holochain project development team is a collection of passionate individuals building a distributed cloud storage platform, below are some prominent members of the Holo team:

Arthur Brock: He is the co-founder and CEO of Holo. Previously, Arthur was the architect of the Metacurrency system; he is the founder of Facilitator.

Eric Harris-Braun: He is a co-founder of Holo, formerly Eric was a co-founder of Metacurrency, Harris-Braun Enterprises, LLC and Glass Bead Softwaree.

David Atkinson: He is the CFO and Legal Director of Holo, the founder of Hearti Artificial Intelligence.

Furthermore, there are also many other talented members such as Anders Aamodt, Connor Turland, Celestial Hanley, and each of them has their own tasks.

Conclusion

In terms of concept, Holochain is not unique, there have been quite a few projects on cloud computing platforms, but not every project can do as Holo. The Holo project has launched its own practical product, the Holoport - a device that allows users to plug in, run, and rent storage space, computing power to easily receive Holo Fuel. The hardware production fundraising project has been very successful, with more than 2000 Holoports reaching users in Q3 / 2018.

In addition, Holo has a strong development team that can lead the project in the future; a large community is also a factor that everyone should consider; this promotes the project not only in terms of spirit but also in future value. In summary, HOT is a fairly potential crypto in the future that investors should include in their long-term investment portfolio.

You can check the HOT price here.