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What is Holo crypto and how does it work?

avatarJannatun NaymaJan 07, 2022 · 3 years ago1 answers

Can you explain what Holo crypto is and provide an overview of how it works?

What is Holo crypto and how does it work?
Holo Crypto
Cryptocurrency
Blockchain

1 answers

  • avatarJan 07, 2022 · 3 years ago
    Holo crypto, also known as HoloFuel, is a digital currency that powers the Holo network. The Holo network is a decentralized hosting platform that aims to provide an alternative to traditional cloud hosting services. HoloFuel is earned by users who contribute their computing resources to the network and is used to pay for hosting services and access to applications. The Holo network operates on the Holochain framework, which utilizes distributed hash tables and cryptographic signatures to ensure data integrity and security. Unlike traditional blockchain-based cryptocurrencies, Holo crypto offers a more scalable and energy-efficient solution for hosting and running distributed applications. Overall, Holo crypto and the Holo network provide a decentralized and sustainable ecosystem for hosting and accessing distributed applications.

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