DTH: Token Spotlight: HOT (Holo Fuel) from Holochain
Token Spotlight: HOT from Holochain
This is the latest in a series of â€œToken Spotlightsâ€ that will feature new tokens listed in the Dether app. Discover what they are, and why theyâ€™re important.
You can now fund your Dether wallet with HOT from Holochain.
What is Holochain?
Holochain is an open source framework for building fully distributed, peer-to-peer applications, billing itself as â€œa more efficient alternative to blockchain.â€ Holochain can be used to build decentralized applications. Data on Holochain is stored in a decentralized way, much like BitTorrent. In addition, digital signatures guarantee the authorship of the data on Holochain. Because Holochain has no native currency and functions as a crypto-accounting platform, emphasis in on accounts, not coins. Invalid transactions, like increasing balance illicitly, are rejected by the network, thus eliminating the need for consensus and making computing more efficient.
Within the Holochain platform exists Holo, a distributed peer-to-peer hosting platform for Holochain apps (hApps), allowing anyone to get paid in Holo fuel for hosting distributed applications.
Using HoloTokens and HoloÂ Fuel
Holo fuel is a Holochain-based currency redeemable for hosting. Holo fuel is a is a double-entry, crypto-accounting framework, backed by the computing power of hosts across the globe. According to Holochain, as the value of Holo fuel is connected to the computing capacity of the network of hosts, the capacity evolves and changes slowly, making it less subjective to major upticks and crashes. Holo fuel can be redeemed by hosting for other currencies to pay your bills, borrowed (based on your proven hosting track record) to pay for things, or used for micro-transactions.
There is no mining or staking involved in earning Holo fuel, allowing anyone to become a host and be compensated by application providers who want their hApp served to the web.
HoloTokens (HOT) act as temporary, transferable receipts which can be redeemed for Holo fuel.
Original article was created by: DTH at medium.comDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.
Interested in Cryptocurrencies and ICO's?
Follow our telegram channel for daily cryptomarket reports!Join @cointrends
Stay on top of Altcoins and ICO trends.
Subscribe to our free Weekly Cryptomarket report
Delivered once a week, strongly to your inbox.Subscribe to our mailing list
January 16, 2019
The new year just dawned in the crypto space, and now that over a year has passed since the Dether token sale, we wanted to give our community a look at what happened so far at Dether and how the project will look moving forward.As a new year is beginning, we want to reflect on last year and...From: DTH
You can now fund your Dether wallet with Paxos Standard.About PaxosPaxos is a trust company organized under New York State banking law and regulated by the New York State Department of Financial Services. While a bank uses client funds for its own funding, a trust company acts as a fiduciary...From: DTH
January 10, 2019
Token Spotlight: GNT fromÂ GolemThis is the latest in a series of â€œToken Spotlightsâ€ that will feature new tokens listed in the Dether app. Discover what they are, and why theyâ€™re important.Dether WalletJan 10You can now fund your Dether wallet with GNT from Golem.What...From: DTH
January 02, 2019
Token Spotlight: TrueUSD from TrustTokenThis is the latest in a series of â€œToken Spotlightsâ€ that will feature new tokens listed in the Dether app. Discover what they are, and why theyâ€™re important.Dether WalletJan 2The TUSD token from TrustToken is now available in the Dether...From: DTH
December 19, 2018
Find out more about ChainLink on:MediumTelegramTwitterGitHubFrom: DTH