HBO’s show Silicon Valley has a storyline in which the protagonist pivots to create a new Internet the uses peer-to-peer network built on top of people’s smartphones. This idea essentially cuts out the need for servers in huge data centers for cloud computing. Now technologies emerging from blockchain are turning the fiction into reality.
Startups like Holochain are trying to disrupt the cloud computing industry by using blockchain-derived software to capitalize on under-utilized consumer computer capacity, replacing remote servers altogether.
What Is Holochain?
Holochain enables a distributed web with user autonomy built directly into its architecture and protocols. Data is about remembering our lived and shared experiences. Distributing the storage and processing of that data can change how we coordinate and interact. With digital integration under user control, Holochain transforms its user’s online lives from corporate control to a more individualistic one.
How Holochain Blockchain Shared P2P Hosting Works
Holochain helps people own their own data, Control their own identity, Connect applications to suit their needs, transact without centralized systems while building a lighter, faster, cheaper application. They provide a computational code framework for distributed computing and mutual-credit accounting.
Holochain applications (hApps) are held entirely by people. No trusted third parties. No central points of failure. They enable direct architectural consent and cryptographic communication that are low risk, for less cost. Every application runs its own holochain on its own terms, with cheaper hosting overhead. Since users are hosts, as more agents use an app, more hosting power and storage becomes available.
Holochain apps help in governance and collaboration, social media, social networks and vendor links. They even help in promoting sharing economy and platform co-ops apps.
Holochain HOT Token ICO Details
HoloTokens are custom ERC20 tokens made specifically for Holo’s ICO. They are stored in an Ethereum wallet, and can be sent from person to person, or traded on compatible exchanges. HoloTokens represent an increase in account balance on the Holo ecosystem and can be redeemed for Holo fuel once the Holo ecosystem launches.
10,000 HOT costs 0.0022671895 ETH which approximately equals 1 Euro. The initial token supply will be for 25 million worth 2.5 million euros, which is their hard cap too. Supply increases each day based on a fixed formula taking into account HoloPort and developer event sales from their crowdfunding campaign. At the close of the ICO, 33.3% more HoloTokens than were purchased will be minted for the Holo organization and team. 25% of all the tokens will be held by the organization and team and 75% is held by the community. The minimum purchase amount is 0.1 ETH.
The ICO opens on 29 March 2018 and closes on 28 April.
Bitcoin’s central mechanism , the Blockchain, is a monumental achievement in computer science. And from that central achievement, many other cryptocurrencies have emerged attempting to improve the model in one way or another. Holochain has come along to further decentralize, maximize efficiency, and allow for all types of interfaces and applications to be built with it.
You can find more about the platform and its token on holochain.org/