Holochain is an innovative platform that has abandoned traditional consensus algorithms to provide scalability, security, and decentralization. In today’s review, we will look at the main characteristics of the project, its internal token, growth prospects, and much more.
What is Holochain (HOT)?
Holochain (HOT) positions itself as an alternative to the traditional blockchain on the basis of which it is possible to develop and run decentralized applications. The key feature of the platform is that it does not use traditional PoW or PoS algorithms, but instead uses the Distributed Hash Table (DHT) algorithm. This is done in order to make the Holochain network scalable.
The idea of Holochain is that in order to make transactions between two network users, it was not necessary to receive confirmations from all network participants. Holochain allows users to create distributed applications, called Holochain applications (happs), which are characterized by a high level of security, reliability, and performance. Holochain, according to the developers, is not affected by such problems as scalability and energy efficiency. Each device in the network receives its own register and can function independently, simultaneously interacting with all other devices in the network for decentralized problem solving.
Why should I trade Holochain?
There are several reasons why you should add HOT to your crypto portfolio:
- The Holochain project is promising and solves the main problem of blockchains – scalability. Developers regularly improve the project, and the number of users is growing.
- In 2021, the price of HOT has increased by more than 1500%, and analysts from DigitalCoin predict further growth. Now the price of the coin is quite tempting, so it’s a great idea to invest free funds in it.
On September 2, 2021, the price of HOT was approximately $0.01273, with a market capitalization of $2,204,067,342. The minimum price of $0.0002189 was on March 13, 2020. The maximum price of $0.03157 was on April 5, 2021.
Where to trade Holochain?
You can trade HOT on the following platforms:
- Binance – a crypto exchange with the highest trading turnover, high liquidity, low fees, as well as all kinds of trading tools.
Trading pairs: more than 2000
- HitBTC – an exchange provides various tools for market analysis and trading, as well as the lowest fees.
Trading pairs: more than 1000
- 7b – a crypto broker cooperates with Binance, so all the same coins and trading pairs are available. It provides a high level of security, convenience, and reasonable fees.
Trading pairs: more than 2000
How to trade Holochain using the 7b crypto broker app?
Trading through a 7b crypto broker is the best and easiest way to buy or sell HOT and more than 350 other crypto assets. We provide honest fees, an intuitive interface, as well as the safest environment for trading. Just follow the simple instructions:
- Open your account.
- Deposit funds from your wallet to the 7b balance.
- Select a trading pair.
- Fill out the market order.
- Leave all the difficult work to us!
Where to exchange HOT?
If you need to exchange HOT quickly and conveniently, you can use brokers or swap platforms. Choose what suits you best by weighing all the pros and cons:
|Safety||There is no fixed rate|
|A more diverse selection of coins|
|No upper limits|
The SwapZone exchange aggregator offers the following platforms for HOT swap:
- Changelly – one of the most reliable services, where more than 170 cryptocurrencies are available.
- StealthEX – one of the most anonymous services, where more than 350 cryptocurrencies are available.
Fee: included in the exchange rate
- SimpleSwap – the easiest-to-use service, where more than 300 cryptocurrencies are available.
Fee: included in the exchange rate
What to know before exchanging Holochain?
There are two golden tips before you exchange any cryptocurrency:
- Compare exchangers by the variety of coins and exchange pairs offered, exchange rate, service life, as well as positive reviews.
- Do not forget to double-check the entered wallet address.
How to buy Holochain for fiat?
When looking for a platform for a fiat purchase, pay attention to the supported fiat currencies, the exchange rate, as well as positive and negative reviews about the operation of the platform. You can buy HOT for fiat on the ChangeNOW platform, just a few steps separates you from getting HOT to your wallet:
- Select HOT to buy.
- Choose one of the 50 fiat currencies.
- Enter the purchase amount and the wallet address.
- Confirm the transaction.
Holochain use cases
HOT is a temporary token with the following functions:
- Rewards to participants for placing their data in the shared storage. Holochain uses a DHT, the essence of which is that there is no need to confirm transactions between two users.
- Exchange for the internal currency HoloFuel, which, according to the technical documentation, is intended for carrying out large volumes of microtransactions.
Is Holochain a good investment?
Yes, the Holochain project is extremely promising and approaches the scalability problem in a completely innovative way. The project has attracted the attention of many investors and is included in the TOP 100 cryptocurrencies, the price of HOT has increased by 800% in just a year, and analysts predict further growth.
How do I invest in Holochain?
You can invest in HOT using fiat funds or by exchanging one cryptocurrency for another. For the first option, you can use the reliable ChangeNOW service. For the second option, the best service is 7b: just log in to your account, transfer the cryptocurrency to your balance, select HOT to buy, fill out the market order, and click “Buy”.
How to trade HOT for beginners?
Many services currently offer the possibility of trading on a demo account. This is an extremely useful feature with which you can test trading strategies and gain experience without harming your wallet. 7b offers easy trading, just: create an account, transfer funds, select a trading pair, enter the desired amount, and place a market order.
What is Holochain Blockchain?
Holochain is an open source project functioning on the basis of the Distributed Hash Table algorithm. The project solves the problem of scalability and energy consumption. On the platform, you can create distributed applications that are characterized by a high level of security, reliability, and performance.