Holo Starts Shipping HoloPorts Globally
HOT User Activity has gone up 101-points (18.12%) since the beginning of the month. Developer Behavior is also on the rise, up 23-points (2.49%) along with a 27-point rise in Market Maturity (3.92%). Price is up 47.43% over the same time period.
What is HOT?
HOT, or HoloTokens, are custom ERC20 tokens which are temporarily supporting Holo — a project that was created to bring the benefits of distributed apps to anyone with a web browser. Holo is still in its testing phase, but after launch the network will incentivize users to share their computer’s spare capacity with HoloFuel rewards. Users can install a HoloPort to gain more storage space for hosting Dapps.
Holo runs on Holochain, a platform with a distributed infrastructure where agents maintain their own singular chains which are then reconciled with the main blockchain via a distributed hash table. This cuts down energy use drastically, while increasing speed and scalability.
A HOLOtta Community; A HOLOtta Gossip
Late last year Holoports were shipped for the first time, as the core team expanded testing to its global peer hosting network. This community involvement is well reflected in the 101-points (18.12%) increase in User Activity and 23-points (2.49%) in Developer Behavior we’re witnessing, as code improvements and fixes keep coming in. This has driven FCAS up 44-points (5.71%) in the last two weeks.
These HoloPorts enable users to replace the function of corporate servers with their own computers, serving as a bridge between Holo apps (hApps) and the web. Within an ecosystem of encoded rules, agents have their own local tamper-proof chains which record their actions. The generated data is shared to random peers who validate it, and who then gossip to spread good data or warn against bad actors. hApps thus maintain data integrity without the need for blockchain-style global consensus.
Our Hot Take
Holo provides a hopeful alternative to centralized hosting services like Amazon, Google, and Microsoft’s Azure, who over the past 20 years have profited from regulating access to online data. This has created widespread societal tensions, as seen in debates over fake news, state-sponsored bots, privacy laws, and algorithmic biases.
The idea that corporate-owned services could be replaced by community-owned and operated software may sound far-fetched, but Holo’s cloud hosting market is a good reminder that the transition is possible if incentives are provided. By associating a token with internet services, Holo is on its way to decentralizing the internet and reinstating net neutrality.
The material contained in this e-mail is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. You are receiving this email because you are a registered customer of Flipside Crypto.
