The world of cryptocurrencies continues to expand today. New digital platforms are emerging that allow you to buy and sell tokens on favorable terms. Every year the crypto community requires new decentralized systems that will conduct transactions on a larger scale on the network. In turn, Holo makes it possible to make good money on these operations.

About Holo project

Cryptocurrency is a good distribution network for decentralized applications. It is presented as an alternative to blockchain. This holochain does not require the use of a global consensus. Consequently, the system itself forms a network of autonomous blockchains that are involved in financial transactions. Holochain is created on the basis of special tables that allow you to store data from network users. These members receive host status with decentralized cloud storage.

Holo features

This local currency helps to encourage people to use the web. You can get cryptocurrency for hosting applications. This uses a conventional personal computer. The hoster, in turn, independently determines the number of places, and also chooses the programs himself. This functionality is very convenient and quick to use.

Holo transactions today are conducted on the well-known exchanges Binance, Hotbit or INDX. Here trades are carried out in tandem with Bitcoin. Lets take a closer look at these exchanges:

Binance brings the market and traders together. Safe trading transactions are carried out here. The exchange is distinguished by a huge number of currency pairs, significant turnover, low commission, convenient technical support and other features.
Hotbit is a professional digital asset exchange platform. Provides trading services for cryptocurrencies. It has a high degree of protection, a simple interface and intuitive functionality.
INDX was created for investment and commercial operations. It is a small playground for beginners. In addition to trading fiat money, you can successfully buy or sell cryptocurrency.
By the way, traditional mining does not contradict the mission of the project, which implies a reduction in energy consumption in the cryptosphere. The authors of the platform in the near future want to transform the virtual currency into the so-called "fuel". The holochein will also function on it. The coins will become the Holo Fuel resource, which will conduct transactions within the system itself. But for now, Holo remains a regular ERC-20 token. You can easily send it to each other or sell it on stock exchanges.

There is no problem with holding Holo currency. Such wallets function using ERC-20 tokens:

MyEtherWallet is an open source electronic marketplace that features fast online transactions. At the same time, the system does not store cryptocurrency. It simply provides access to data, for the accuracy of which the user is responsible. But the wallets algorithm is built so that third parties cannot make unauthorized entry. A special key helps with this. Also, there is no need to separately download the blockchain network.
Trezor is a universal wallet for virtual currencies. It is intended for hardware storage of a crypt with a special code. It is considered one of the safest and most reliable sites. Works with over 600 cryptocurrencies. Also, this storage operates autonomously without additional power supply methods. To use the wallet, you need the Trezor Wallet application, which is a web interface.
The Ledger Nano S is a decent system with a high level of operational reliability. The wallet is designed as a small flash drive with two buttons and a display. The authors have created a special Ledger Live application that needs to be installed on a computer device. As a result, the user can easily manage their savings in this system.
Thus, the Holo platform is provided with wallets where you can safely store tokens and conduct transactions. Their functionality and interface do not require professional education to work.

How Holo is created

The project was launched in April 2018 on the Ethereum platform. Holo cryptocurrency creators Eric Harris-Brown and Arthur Brock presented a completely new system that differs from other technologies. In the period from March 29 to April 28, 2018, an open ICO was held. The authors of the project were able to collect about 33 thousand airs per month. On average, the cost was $ 600 per ethereum.

As a result, the team earned about $ 19 million. As a start, this amount was very good. Although the sites icodrops and icobench rated all the platform trackers at 3.9 points. This estimate is at the low level. Now there are several billion tokens in circulation, which can be purchased on various exchanges.

The project team consists of professionals in the field of technical development, design, adaptation for different regions, etc. These specialists really deserve the trust of potential investors and users. For example, Brock has been working on system architectures for over 10 years. In turn, Harris-Brown, who earned a Bachelor of Science in Computer Science from Yale University, has a wealth of experience in entrepreneurship. By the way, in 2019 the project team plans to release the alpha version of the system to the public.

Is Holo endless?

At the beginning of the current calendar year, the Holo cryptocurrency rate began to rise. This is due to the organization of the work of the authors to popularize the project. A roadmap and a promising beta testing plan for the Holochain network has appeared. Now the creators of the platform continue to take an active part in events, presenting their system on the world market. Today one coin is valued at $ 0.0006 with a market cap of $ 103 million.

Holochain can gain enormous popularity if the developers fulfill all the points of the plan. Although experts are not sure that this cryptocurrency will completely replace blockchains. But for the largest companies, such a P2P-based application will definitely become a convenient and practical solution.

The main question remains - investing in Holo coins. They were evaluated before ICO at only 3 points. Some experts were not even sure about the success of the project launch. But there was a rise, which, according to skeptics, was associated with artificial promotion of assets.

Today, the future of cryptocurrency is still unclear. Today, there are approximately 160 billion coins in circulation. Another 44 billion is planned for release. The authors of the system argue that the currency will appear on the market as needed. The developers decided to focus on the functioning of the holochain rather than creating a traditional cryptocurrency. Therefore, investors should not expect big profits any time soon.

On the other hand, cryptocurrency can grow due to holochains, accelerating emission. In this case, the benefit will come only from short-term investments. Although there is a possibility of a second drop in the rate The next rise will need to wait not one week or a month, but much longer. Moreover, numerous competitors working on the same principle can fully launch their sites. This will make it difficult for Holo to develop further in the virtual market.

Thus, this cryptocurrency cannot be called predictable. It is best to invest in it carefully so as not to suffer from significant losses.

Holos strengths

The platform conducts operations for the exchange of information through a holochain, which is based on DHT. In turn, the authors of the applications indicate special rules for their network. The DHT algorithm itself implies the exchange of data between nodes using special keys and values. This invention cannot be called unique. Since other decentralized platforms work according to this principle.

Lets talk a little about the importance of the network for the cryptosphere. It solves the following problems:

The scale of blockchains does not cope with the load, since the entire system is obliged to confirm the execution of financial transactions, while holochains carry out transactions with a small part of the network. This significantly increases the speed of the transaction and the operation of the platform as a whole.
Generating a request for data stored according to the DHT principle is a laborious process. Hence, the Holo crypt ensures the security and reliability of all information. It also has the ability to turn off any node if there is a suspicion of intrusion. Centralized servers cannot boast of this feature.
Modern decentralized blockchain applications only work with full downloads. Holocheyny do not require this. They do not need to be fully downloaded for the small blockchain to function.
Holochain does not consume significant amounts of electrical energy. Even if the size of the Bitcoin network is exceeded, the system can safely operate on an ordinary computer device. You can also use a smartphone.
This platform is suitable for financial, infrastructure or non-commercial applications. The project ensures the smooth operation of the internal systems of any company. Especially if within the company there is a need for the distribution and synchronization of information between different groups of employees or users. This system is useful for holdings that have a matrix or linear-functional management structure.

However, the platform has serious drawbacks. They must be taken into account when starting to work with this system:

Huge competition from large centralized services like Amazone or Google. Also, projects SONM, SUB, DADI are successfully working on the cryptocurrency market, with which it is not so easy to compete.
The system is still under development, which does not have a very good effect on its popularity among users and potential investors.
Although, if we compare the pros and cons, there are much more of the former. This will play a good role in the further promotion of the project on the international market. Moreover, 29 specialists are involved in the development of the Holochain network.

Holo in TOP currencies

During the ICO, the crypt was valued at $ 0.0001. A week later, the value increased to $ 0.0002 with a capitalization of about 333 million. Then the exchange rate dropped again. But already in January 2019, a fluctuation from $ 0.0003 to $ 0.0006 was recorded. In the spring, the price for one token was $ 0.0021 with a total capitalization of 300 million.

Today, cryptocurrency is ranked 44th in the rating, which does not indicate its attractiveness for ordinary users and large investors. But maybe the situation will change in the near future.

The creators of the project are confident that the numerous channels of the system will help to create their own chains for the autonomous transmission of information. They also highlight such areas of interaction where this technology will be relevant:

The built-in functionality for exchanging small transactions and content is suitable for popular social networks.
In the field of logistics or supply of goods, it is necessary to have regular chains that quickly transfer the necessary data.
Paying wages, services, or running a business will also not be complete without this unique system.
Holo cryptocurrency will come in handy during the implementation of joint projects operating with decentralized applications.
By the way, the developers offer a special Holo infrastructure. It significantly reduces the cost of renting resources that perform computation and data storage. As a result, a company using this platform can become more competitive and promising in its development.