Blockchain was hyped to the skies for the last two years. Nowadays, it seems companies are having a blockchain fatigue. A new report from Forrester Research states that some companies are stopping to use the term “blockchain” because they think it is overhyped, business magazine Fortune reported Nov. 6.
Unfortunately for blockchain, that is not its only problem. There is a new player in the arena that promises even bigger disruption to the tech world than blockchain. Part of the name is the same, nothing else is – enter Holochain.
Holochain is a framework for building peer-to-peer applications, like Ruby on Rails but it runs your app directly on your device instead of on a server.
Below is a nice graphic showing the differences between blockchain and holochain.
A holochain application is run entirely by the people who use it. This enables direct communication, without the need for corporate web servers.
For any particular use case, developers can create fit-for-purpose solutions that strike the right balance between minimizing risks, reducing costs, and optimizing speed. 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.
Holochain also recently brought to light a new Developer Preview release which the HOT dev. team has been working on. In the press release, Holochain looks to also rebuild the Rust, and this could be a significant boost for the Holochain Network.
Overall Holochain has set some things in motion and are currently focusing on making sure that people start hearing more about those things. And that is the correct decision, increasing marketing efforts within reason is desirable and legit projects can also do it, it is not reserved exclusively for scammers and their shitcoins (we all know who they are).