What is Holo Token (HOT)?
Holochain is an open-source data integrity framework for decentralized power applications (DApss), acting as a peer-to-peer database and a fast-performing data processing network. Holo is a platform that hosts DApps created using Holochain. Holo was founded by experienced coders Arthur Brock and Eric Harris-Braun.
Holochain provides developers with a framework for building decentralized applications. It allows users to create faster, lighter, and lower-cost applications. Each application designed is the platform where users provide data processing power and data replication. Data is copied and always online. Secure storage of information is provided using cryptography.
According to Holochain operation, every node does not require the entire blockchain to be constantly updated and recorded. In this way, the scalability problem is eliminated. In Holochain, nodes communicate with each other directly, adapting quickly to outages and security attacks.
Holo Token (HOT) is an ERC-20 based token. Before the Holochain system was released, HOT was produced to promote the project and provide its necessary funding. In 2018, it started to take place in the cryptocurrency industry with the ICO study.
The total amount of HOT in circulation is 168,457,909,158 HOT. A total of 177,619,433,541 billion HOT will be supplied in the market.