Holochain (HOT) was a star of the recent Weiss ratings as a one of the altcoins predicted to land in the Top 10 on Coinmarketcap by the end of the year. Much has been made of Holo’s Distributed Hash Tables (DHT) resembling more of a torrent network than a typical crypto blockchain. Yet, the reason for HOT’s rise is the scope of the ambitious project.
— Holo (@H_O_L_O_) December 31, 2018
The Weiss post mentions Holo’s non-blockchain approach as an example of innovation:
“Holochain, also based on a non-blockchain approach, was introduced to the world.”
In ‘Forecast #4’, which states that ‘a select group of cryptos will compete to build a new kind of internet’:
“Coins like EOS, Cardano, Holochain and others are currently leading the charge to create Internet 3.0 — a more secure and more sustainable worldwide web.”
Still alluding to HOT, the post says there will be imitators, but that the bear market shed will be worth getting to those that are actually innovating:
“Most will eventually fail. But the potential prize is enormous. If the most advanced cryptocurrencies succeed in creating Internet 3.0 as proposed, they could someday be worth trillions of dollars in market cap.”
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In short, the project aims to solve two major issues preventing p2p web hosting from becoming the norm. HOT is for creating a scalable and computing platform. It’s built to allow distributed apps, or dApps, to function without the bottlenecks that affect current blockchains such as Ethereum. An upcoming release of Holochain Rust Beta and sneak peak developer preview mark a moment when real development of hApps (dApps built with Holochain) can properly begin
Relative to other distributed application infrastructures such as Blockchain (Bitcoin, Ethereum), Holochain applications operate exponentially faster and cheaper. The lightweight architecture is perfect even for mobile phones and other low capacity devices.