Weiss Ratings Analyst: “It’s very hard for us to envision a future where people are not using Holochain (HOT)”

Weiss Ratings have published new episode of their online briefings where they discuss the faith of bitcoin – is it dying or dead already? What is the future.

First two topics of the discussion between Martin Weiss and Juan Villaverde were highly disputed members of top 10 echelon of cryptocurrencies – XRP and EOS. The final topic was Holochain and why and how it is completely different to blockchain.

Juan explains it:

Holochain is not a blockchain, even though they use the word “chain.” The ticker symbol, if you want to look it up on the exchange, is HOT. It’s also for building dApps, for building distributed applications.


Trade while you sleep with two of the best cryptocurrency bots on the market - Cryptohopper or 3Commas.


Villaverde then explains why all the big apps that are dominating world right now like Facebook, Instagram, Amazon etc can’t run on blockchain.

“Because all transactions of a particular blockchain are written on the same ledger. They all share the same bandwidth, and that’s the issue.

This is why it’s difficult to envision some of these mega-applications running on a blockchain platform. Holochain does it differently. It’s peer-to-peer. Basically, when I do something on Holochain with you, I talk to you and only you. We sign. And it’s done. It’s a whole new way of doing it, and the reason we find it so exciting is because it has the promise to completely reinvent the way the internet works.”

Weiss chips in with his understanding of Holochain:

“the bottom line is it can be as fast as the internet. It can function at maximum speed, which means it could do everything that Facebook does, everything that Google does, everything that Netflix does.”

Villaverde makes a highly favorable conclusion for holochain at the end: “it’s very hard for us to envision a future where people are not using Holochain. It’s very, very good for what it’s trying to do. It’s probably one of the best in class.”

The most important feature of Holochain in my personal view is true decentralization: because apps built using the Holochain protocol will be limited to distributed networks of consumer-owned computers, these apps won’t need to interact with corporate server farms at all. This means that organisations that own their servers won’t be able to ‘strip mine’ all your personal data as it passes through their network due to the data not passing through those computers.

 

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

2 Comments
  1. Buy $HOT #Holochain now before its 100x is current cost.

  2. Agree now is time to look into this coin but 10X is more realistic right now until a coin burn. Very promising with a case use.

    Leave a reply