Holochain provides a peer-to-peer platform allowing developers to create decentralized applications (DApps) and aims to turn data centered blockchain into a representative centered system. Holochain is an open source platform developing completely distributed, secure, fast and peer-to-peer applications. Holochain stands out with its high speed performance compared to the blockchain technology. HOT is known as the local token of the Holochain network. The creators of Holochain are also the co-founders of a major project named MetaCurrency Project. The platform developed for light, secure, multi-directional and daily applications was named as Holochain inspired by blockchain.
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Each node in Holochain is personal and is cryptographically secure.
Holochain allows the interaction between the peers without needing any direct or central authority.
In Holochain DHTs (Distributed Hash Tables) are used.
The distributed verification embedded in the Holochain means that each user of this application accepts the verification rules of the application. In case of the infringement of these rules, other nodes can tell who breaks the rules and how, and react accordingly.
Each Holochain application has its own network.
Holochain eliminates the need for synchronization of all nodes in a global consensus. When two nodes make a transaction, each node records the countersignature of that transaction. Additionally, the transactions are published on Distributed Hash Tables. There is no mining in the Holochain. As each node works on its own node, there is no need for the miners. Therefore transaction fees are almost zero. This also means there are smart contracts instead of tokenization in this platform there as well.