Cryptocurrency Q&A
Is Holo a blockchain?
Is Holo a blockchain?
Maria
Sat Jun 29 2024
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7 answers
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Could you elaborate on whether Holo qualifies as a blockchain? I've heard it described as a distributed ledger technology, but does that automatically classify it as a blockchain? I'm interested in understanding the nuances and potential differences between Holo's approach and more traditional blockchain implementations. Could you highlight any key features or design choices that distinguish Holo from conventional blockchains? Additionally, would you consider Holo to be a competitor in the blockchain space or does it occupy a unique niche? Thank you for your insight.
7 answers
Federico
Mon Jul 01 2024
Unlike traditional blockchain technology, the Holochain platform does not operate on a conventional blockchain.
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Sara
Mon Jul 01 2024
Instead, Holo employs a hashing algorithm that functions as a post-blockchain network.
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Ilaria
Mon Jul 01 2024
This approach allows for greater flexibility and scalability compared to traditional blockchain implementations.
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Stefano
Mon Jul 01 2024
The distinctiveness of Holo lies in its underlying architecture.
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NebulaSoul
Mon Jul 01 2024
The hashing algorithm used by Holo enables distributed data storage and computation without the need for a centralized ledger.
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