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Home Cryptocurrency

Holochain’s Holo (HOT) Cryptocurrency Spikes Amid Mozilla Rumors

by admin

September 9, 2018

in Cryptocurrency

Mozilla Decentralized Holochain Holo HOT Cryptocurrency News

At an AMA in late August, Holochain (HOT) representative Matthew Schutte made an unexpected announcement. Hidden within a variety of other questions, Schutte admitted that Holochain is in talks with Mozilla – although further details were sparse. The partnership makes sense, given Mozilla’s focus on advancing web technology and Holochain’s goal of facilitating web decentralization.

Holochain and their Holo cryptocurrency are built to restore strength to the user. Holo is building the infrastructure that will allow a shift away from centralized servers. While many in the industry talk of the benefits of decentralized computing, Holo is committed to making it happen. Their system creates a communication protocol between users that distributes the required resource power for decentralized applications. As such, it has an inverse relationship with most projects – increased user traffic results in faster performance, rather than slower. Each user adds power to the system.

Mozilla and Web Decentralization

Of the top web browsers, Mozilla is easily the most egalitarian. Internet Explorer is completely under the control of Microsoft and Chrome is the browser arm of Google’s marketing blitz. Therefore, Mozilla is the least focused on directing users to other services. As such, they stand to benefit the most from web decentralization. A shift away from centralized server farms would reduce the power of monolithic corporations like Microsoft or Google, eliminating many of the problems associated. Without that centralization, restricting the flow of data would be considerably more difficult.

In the aftermath of a multiple data-harvesting controversies, the average user is hungry for more control over their data. Holochain can help provide this through their ‘DNA’ system of code. Codebases are placed directly on the user’s device or account, and synced through a distributed hashing table to ensure compatibility. Should these user nodes drop off, the system fills the holes automatically and preserves functionality. This technology could easily help run the back-end of a web browser, handling many of the data-sensitive actions that some systems freely profit from.

Holo’s Price Spike

Holo’s popularity exploded recently, due to an unexpected 55% spike in value. Performing better than all of the top cryptocurrencies, the HOT token was one of few currencies to see green in the past few days as the rally cooled. This could be indicative of greater interest in the wake of the Mozilla rumor – alongside comments from Mozilla CFO Jim Cook that specifically reference Holochain by name.

Decentralized applications are a hot button issue in the cryptocurrency world. Holochain’s system makes their deployment easier and significantly more scalable – a fact that is not lost on this new batch of investors. If the Mozilla project comes to fruition, Holochain could easily dominate the landscape in the near future.

Article By: Adam Stone