What is the New Technology Holochain that Eliminates the Blockchain?

Due to the sluggish cryptocurrency market in 2018, some of the top blockchain projects, including Bitcoin and Ethereum, also performed poorly, so I wanted to know some new projects，and I’m lucky that I found Holo, that is holochain which I’d like to taik about today.

1. What is Holo

Simply speaking, Holochain is an open source framework for building decentralized applications. In the blockchain, each node has the same up-to-date copy of the distributed ledger. As a result, blockchains have extremely high storage costs and barriers to low scalability. Holochain tries to break these barriers to make application developers cheaper and able to run their products quickly.

2. What Problem does HoloChain Solve?

If You have visited the official website of Holo, you can see it’s slogan is: Think outside the blocks. Which means letting us jump out of the concept of block, because Holochain adopts DHT  technology distributes applications and net accounts in each node (host + user), each host and user can be a to stored and does not require the calculation of the blockchain consensus mechanism, so there is no blockchain consensus calculation fee and block expansion problem, and it runs faster and costs less.

So, since there is no block packing fee, what is the use and appreciation space of the tokens issued by the team?

After being on the miannet, as the platform's credit currency, the service fee generated by the Holo network services (such as: application hosting) is paid. The running cost is paid by using the holo token HOT. In theory, the developer does not need to pay a high amount of server rental costs, but needs to pay a certain holo web hosting fee.

3. What is the Value of Holochain

3.1 Team: The founders of the Holochain team have a long-standing background in distributed technology applications. The team has officially started running this project since 2016. The team structure is complete.

3.2 Code: The code on github is updated frequently and the quality is high. In the new project, it belongs to the team that most people are optimistic about.

3.3 Market: The current holo token price is $0.000565, which has been almost 3.5 times higher than it’s cost price when issued. And the market value has soared faster, the price is not affected by the big market waterfall.

Therefore, after comprehensive analysis of holo's landing scene, team background, code quality, market conditions, I think this is one of the few new projects worth investing in 18 years. Anyway, It is just my own views, you can pay attention to the hot cryptocurrency news if you want to know more about it.