Holochain: a green alternative to blockchain
Holochain has announced that it has received patent approval, which is an important step towards P2P networking. Holo is different in that they have never looked at ledgers that operate globally or miners that have to approve them. They also do not run on a blockchain, but on individual nodes provided to each user to speed up payments and better scale the operation.
Apps designed to use Holo don't need to include a social media platform or intermediary, which means you don't have to worry about data security. Many of you may be wondering why Holo even needs a patent if they are open as a project. The company claims that this step was taken to protect users from any issues when using their innovative platform.
What does Holochain represent?
Holochain, a cloud hosting network and marketplace, facilitates peer-to-peer applications for regular internet users. Anyone with a computer can work with this application in exchange for payments. So far, they have already witnessed the marketplace accepting many of their applications.
The Holo network was created to provide affordable and better alternatives to the already existing and widely used blockchains. They provide access to their platform at a lower price, promise faster transaction completion with their DHT and do not use algorithms based on older technologies.
Holochain's main goal is to humanize the internet and reduce the presence of the corporate combined with the personal, which puts data at great risk. They want to give people the comfort of having data for their own access only. At the same time, it establishes connectivity by interacting with other applications that match the wishes of the application host, without any centralized control.
Simply put, Holochain can be seen as a technology that is ahead of blockchain, and it doesn't require stakes or mining. It requires less power than the latter, and even requires almost no effort to create. They only focus on individual chains and free nodes, which users can access even from a cell phone.
The solution as a whole turns out to be eco-friendly as it consumes less energy and does not require mining, freeing the environment from its burden. Therefore, it is fair to say that this industry is gaining attention and recognition.
Is Holo a worthwhile investment for what lies ahead?
Regardless of what you have now, some experts believe that Holo coin will be a great investment option for the future. But still analyze what is best for your portfolio and then invest.
What is the procedure to buy Holo coins?
Holo coin is available on various platforms such as Binance, Coinbase and eToro. If you're not ready to buy the token yet, you can monitor the prices through CFDs. Once you start seeing these prices, CFDs will be the perfect tool to identify rising and falling prices.
Overall, Holochain is a promising technology that could have a big impact on the future of the internet. However, it is important to do further research and development before drawing any final conclusions.