Quick jump
Hello and welcome to this blog post about Holo HOT White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Holo HOT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Holo (HOT).
I can ensue you that, you will be able to understand every bits and pieces related to Holo (HOT) after going through the Holo HOT white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Holo HOT White Paper
Holo HOT white paper will be going to provide you, all the information that is needed to get started with Holo (HOT), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Holo (HOT).
Abstract
“ We present a cryptocurrency design pattern scalable and efficient enough to operate on global scale without specialized hardware and without consensus. We combine the principles of double-entry accounting with cryptographic signing to instantiate a new form of tokenless cryptocurrency.
We provide optimizations to enable the tracking and billing for the trillions of network interactions per second required to run a global-scale, decentralized hosting platform.
We propose a blend of automation (akin to smart contracts) with engineered visibility to enable better decisions by human agents. Finally, we explore security considerations relative to blockchain based currencies.
This paper focuses on Holo’s currency and crypto-accounting system and is published in tandem with another paper detailing Holo’s approach to practical scaling of distributed applications to serve mainstream Internet users.
These solutions are intertwined. The distributed computation 1 powering Holo applications is the asset backing its currency. And the operation of that hosting infrastructure relies on the currency engine described herein to manage its internal economy.
To increase accessibility to a wider audience, each formalized mathematical section is preceded by an explanation in more plain language.”
White Paper Link: Holo (HOT) White Paper
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