Recently, I've been researching some 'non-mainstream' coins and discovered Holo (HOT). The more I look at it, the more I feel its goals are ridiculously ambitious, but the underlying logic is quite interesting.
My first impression: What is it really doing?
In simple terms, most projects in the crypto space (like Bitcoin and Ethereum) are playing with 'blockchain', where everyone keeps a ledger and all global participants must confirm for it to count, making it laborious and costly (that's the Gas fee, which can suddenly become exorbitantly expensive).
But Holo's underlying technology Holochain says: 'Why should I care about global matters?'
The structure it uses is called DHT (Distributed Hash Table), which sounds quite mystical, but you can understand it as:
Community system: Everyone only remembers the data around them and confirms information only with those they need to deal with.
Explosive efficiency: It's much more efficient to chat in a small community group than to shout on the entire internet. Theoretically, the more users there are, the faster the network runs, and it charges almost no fees.
HOT is just a 'transitional ticket', which will eventually become HoloFuel. HoloFuel is used to pay those who provide their computer's bandwidth and storage space (they're called HoloPorts hosts), essentially building a P2P shared cloud computing market.
Why is it said to be a bit 'crazy'?
The big shots say that Holo aims to replace the centralized server model of current Web2 giants. This means that if it succeeds, our data will completely belong to us when we go online, without worrying about being controlled by big companies.
Bold view: If this technology really takes off, it’s not just a currency; it’s practically the infrastructure of the next generation of the internet! The potential of this thought is exciting.
Investment advice for beginners (my personal thoughts)
As a member of the community, I must remind everyone that the risks of this currency are indeed significant.
Super long cycle: This is an infrastructure project. It's not just fixing things, but rebuilding houses. Therefore, expecting it to skyrocket in the short term is unrealistic; it may need to be viewed over years or even longer.
The biggest hurdle: No matter how great the technology is, it still needs users. Can Holo attract enough developers to build applications on it? This is the key factor that determines its life and death.
My strategy (for reference only): I won't put a large amount of funds in. I treat it as a 'seed investment', using a small portion of funds to hold it, betting on its potential for a major explosion in the future. Investing in such currencies is not about today but about the world five years from now.
In summary, Holo is a project worth in-depth study, but it is not one of those hype-driven investments; we need to have the patience to accompany it as it grows. Everyone is welcome to share different views in the comments!#HoloworldAI #HOLO @HoloworldAI