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.
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.”