Whitepapers Holo HOT White Paper Explained Summary

Holo HOT White Paper Explained Summary

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Holo HOT White Paper

Summary:

-Holo is a cryptocurrency design pattern that is scalable and efficient enough to operate on a global scale without the need for specialized hardware or consensus.
-Holo combines the principles of double-entry accounting with cryptographic signing to create a new form of tokenless cryptocurrency.
-Holo provides optimizations to enable the tracking and billing for the trillions of network interactions per second required to run a global-scale, decentralized hosting platform.
-Holo’s currency and crypto-accounting system are designed to increase accessibility to a wider audience.

Explained – Holo HOT White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

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.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Holo (HOT).

Lets understand 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 Holos currency and crypto-accounting system and is published in tandem with another paper detailing Holos 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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