What is Holo (HOT)?
Instead of relying on centralized cloud servers, Holo (HOT) aims to host web applications on users' own computers. People who join the network share their idle storage and processing power with applications built on Holochain. This lets developers move their apps onto capacity provided by participants rather than a single data center. HOT is an Ethereum token intended to be converted into the network's planned internal credit unit, HoloFuel.
HOT's role in the hosting economy
HOT was created during the 2018 token sale. It currently lives on Ethereum, but its main purpose is to be swapped one-to-one for HoloFuel once the Holo network becomes fully operational. HoloFuel is not limited to a fixed total supply; it can expand or contract according to network demand. The goal is to keep hosting fees less exposed to speculative price movements.
How hosts participate in the Holo network
Hosts can install Holo software on their own machines or use HoloPort devices built for this purpose. When the hardware is idle, it provides storage and computing power to applications in the background. In return, hosts are expected to be paid in HoloFuel. HoloPort offers a simpler way to join for those who prefer not to set up their own computer. This model allows someone to offer hosting capacity without depending on a cloud rental company.
Why Holo avoids a global blockchain
Holo does not collect all data into one shared ledger that the whole network must approve. Its underlying Holochain framework lets each participant keep their own data chain, while randomly chosen peers handle validation. This avoids repeating the same check across every node, which lowers energy use and latency. Applications can also set their own validation rules instead of being forced into a single consensus model.
