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What is the Holochain? Holo Token Explained.

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The Holochain blockchain platform aims to shift the focus from a data-centric blockchain initiative, towards an agent-centric Blockchain initiative.

Holochain Blockchain platform and it’s acceptance in the crypto world.

Introduction

In barter systems, some kind of human interaction can be observed, but take a moment to realize the current situation, in which the service is primarily bought and sold. The human beings inherently are hardwired for such interactions with the other people and live as a society as a whole, but when we replace a service with a piece of paper (currency), human beings get a feeling that they did something for the other person but the other person just replaced it with a future promise. As a long-term consequence of which human beings are inherent, suffer from loneliness as well as a lack of trust between each other. However, currencies have transformed the way the financial economy works and  also have added on to the efficiency of the cryptocurrenciesLet’s get to know about Holo Coin and How Holochain works?

 

The Holochain Blockchain

The Holochain Blockchain platform is one such cryptocurrency token initiated recently, in order to optimize the functioning of the Smart contracts as well as the Decentralised applications.  The Holochain blockchain platform predominantly aims to shift the focus from a data-centric blockchain initiative, towards an agent-centric Blockchain initiative. It would be highly amusing to know that the cryptocurrency blockchain platform doesn’t incorporate any kind of consensus mechanism, therefore there must be some or the other kind of alternative. In case of Holochain blockchain platform, this is compensated by the Side Chains that can be developed on a particular new node of the network. This process significantly reduces stress from the main blockchain and therefore provides with infinite scalability.

 

How does it actually work?

According to most of the professional expert from various fields, it has been estimated that the name of the Holochain Blockchain initiative, is pegged to the hologram. Which is indirectly used to simulate a 3D picture. Specifically, the Holochain blockchain platform also uses the holistic mechanism for its technical operations. Here, each node maintains its own blockchain, and the blockchain interacts with the sidechains through their unique Cryptographic key.

As the Holochain blockchain platform uses the concept of SideChains, the speed of the transactional confirmations os certainly not a bottleneck. The Blockchain platform uses the Hash Table data structure where key information about all the SideChains is stored in them. The Holochain network continuously grows in size, and so is the inf8vifual transactional capabilities.

 

Languages supported

The Holochain blockchain platform is estimated to be deployed to the social media platforms. However, they can also be adopted by the loyalty programs, supply chain management, also in the peer to peer and also the collective intelligence projects. The entire cryptocurrency platform is developed on the, Go programming language. However, leisure is provided to the developers to use Lisp or JavaScript. JavaScript, CSS as well as HTML can be vested for the front end development purposes.  

Effective solutions

As the Holochain platform, doesn’t incorporate any form of Consensus mechanism, it is highly eco-friendly in nature and occupies a very negligible amount of bandwidth when compared to major blockchains like Bitcoin and Ethereum. This nature of the holo tokens has made them one of the most beautiful things for the environmental issues as no electricity wasted as such. The team members of the Holochain are some of the most highly experienced in the field of programming. The Co-founders itself have an experience of 34 years in the field of programming. Also, the Chief architect of the cryptocurrency project has been a contract coder along with working on Artificial Intelligence and an online currency development, since the year 1984.

 

Is it worth investing in?

Investment in the coin can be expected but since it is not as popular as other coins on a relative scale, it might not form a great fit in portfolios. During its ICO in 2018, it managed to raise almost $20 million in ETH. Staking funds is not free from risks, in this vulnerable crypto domain and an expert consultancy is recommended prior to taking any such initiatives. It is available on Binance and can be stored in any ERC 20 powered crypto wallets.

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3 Comments

3 Comments

  1. Pingback: What is the Holochain? Holo Token Explained. - Satoshiuncle

  2. Pingback: What is the Holochain? Holo Token Explained. – The Coinage Times

  3. Stephan

    September 8, 2018 at 8:13 pm

    While this description gets the general flavor of Holochain, is has many inaccuracies, misrepresentations or misunderstandings. Holochain is in no way a Blockchain Technology. It was created from a different set of criteria to solve different problems than Blockchain was originally created for. Holochain is more flexible and general purpose than Blockchain.

    Please take the time to watch some YouTube videos from the Holo organization or read some of their Medium.com articles. Almost all of the questions and concerns people have about Holochain have been addressed, and if you are patient you can find the answers.

    The mainnet won’t launch until the end of the year, and it will be in alpha. The theory behind Holochain is sound, and there are working proofs of concept out there. Like with all the legitimate Blockchain projects many real world issues can’t be addressed until active code is running and in use.

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#Blockchain

Forbes releases top 50 blockchain companies list

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Forbes has released top 50 blockchain companies using blockchain technology list and these are almost all household names of the world's largest companies.

Forbes has released a new top 50 blockchain companies using blockchain technology list and these are almost all household names of the world’s largest companies. In fact, they are all billion dollar plus companies such as Amazon, Citi Group, Foxconn, Comcast and a whole host of others and unsurprisingly the bulk majority of these companies are using Ethereum.

 

Although, outside of Ethereum which is, of course, the number 1 blockchain for these companies, we do see others like Hyperledger and Quorum for example, although much rarer on the list in terms of mentions are blockchains such as Stellar Lumens or Cardano. Blockchains such as TRON, EOS, NEM, and others are not mentioned in the list of top 50 companies.

 

Companies choosing Ethereum according to Forbes:

Big businesses really like what Ethereum is doing. Ethereum has also worked very hard to make these relationships happen over the last few years and those relationships are now paying dividends big time.

 

All the top 10 companies are located in China or the United States.

The Top 10 (Forbes List):

10. Ping An Insurance Company: China

9. Bank of China: China

8. Apple: United States

7. Wells Fargo & Company: United States

6. Bank of America: United States

5. Agricultural Bank of China: China

4. Berkshire Hathaway Inc: United States

3. JPMorgan Chase & Co: United States

2. China Construction Bank Corporation: China

1. Industrial and Commercial Bank of China: China

 

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JPMorgan expanding itself into the blockchain and crypto space

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JPMorgan Chase has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, the job listing portal.

JPMorgan Chase, the American multinational investment bank and financial services company has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, a job listing site. According to the data from Indeed.com, the overall job openings for the cryptocurrency industry also seems to be on a rise.

 

JPMorgan Entering the Cryptocurrency Space:

Though the CEO of JPMorgan, Jamie Dimon has always been a strong opponent of Bitcoin and other cryptocurrencies, his company has been interestingly expanding its operations in the field of blockchain and cryptocurrency.

 

Last month, JPMorgan launched its own cryptocurrency known as the JPM Coin, which will serve the bank’s precious customers in order to make transactions between them more swift and steady.

 

Back in 2018, JPMorgan had launched a blockchain powered platform known as Quorum which might be seen quite homogeneous to bitcoin and ethereum, however, it is almost fully centralized in nature.

 

Large companies entering the Blockchain Space:

In recent times, a lot of huge companies worldwide have been entering into the blockchain and cryptocurrency space. According to a recent publication by the Forbes, large organizations such as IBM, Deloitte, Cisco, Microsoft, Consensus, and others have been curiously hiring employees that are experts in the field of blockchain technology.

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Adoption: Courts in France adopt blockchain technology

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The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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