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What is Holo (HOT)?

Holo is a point-to-point platform for distributed applications based on cloud storage infrastructure. Holo provides a P2P application market. Network participants can become the hosts of distributed applications distributed on the network by using their computing power, and get rewards.

Holochain is a platform that connects users and the Internet, and Holo system acts as the connecting medium. The Holochain application is a decentralized application. However, the Holochain application does not use the well-known term “dapps” but is called happs. Holo aims to provide developers engaged in decentralized applications with a more effective and cost-effective system to achieve their ultimate goal without using the consensus algorithm traditionally used in blockchain.

Holo aims to create a new version of the Internet. Its goal is to create a scalable environment in which information stored, shared and distributed will not be seen or controlled by intermediaries or central authorities. By using a unique hash function to reduce the cost of operating and running the system, Holo aims to completely change the way we use the Internet by making it beneficial to people rather than enterprises.

The Founder of Holo

Holo was founded in 2017 by Arthur bullock and Eric Harris brown and is headquartered in Gibraltar. The creation goal of Holo is to realize the hosting of applications in a point-to-point ecosystem. It is described as a post blockchain platform driven by the DHT hash function.

Holo collected more than US $20.4 million in two rounds of financing. The last round took place in april2018. At the same time, the project was also funded by card capital.

How to Select Holo Wallet

You have many places to store your HOT, and the type of wallet you choose is likely to depend on what you want to do with it and how much money you need to store. Hardware wallets or cold wallets, such as ledger or trezor, provide the safest choice for storing cryptocurrencies, which can be stored and backed up offline. However, they may require more technical knowledge and are a more expensive option. Therefore, for more experienced users, they may be more suitable for storing large amounts of HOT.

The software wallet offers another option that is free and easy to use. They can be downloaded as smart phones or desktop applications, and can be managed or unmanaged. For safekeeping wallets, the private key is managed and backed up by the service provider on your behalf. An unmanaged wallet uses the security element on your device to store the private key. Although convenient, they are considered to be less secure than hardware wallets, and may be more suitable for small amounts of HOT or more novice users.

Online wallets or online wallets are also free and easy to use, and can be accessed from multiple devices through a web browser. However, they are considered HOT wallets and may be less secure than hardware or software alternatives. Since you may trust the platform to manage your HOT, you should choose a well-known service with a good record in security and custody. Therefore, they are most suitable for those who hold a small amount of cryptocurrency or conduct more frequent transactions.

Kriptomat provides a secure storage solution that allows you to store and trade your HOT tokens without fear. Storing your HOT with kriptomat provides you with enterprise level security and user-friendly features.  When you choose our secure platform as your storage solution, it takes only a moment to buy and sell HOT, or to trade it into any other cryptocurrency.

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