Holo (HOT) is a digital token of the Holochain ecosystem, an open-source platform for creating and running decentralized applications (dApps). Holo (HOT) is an ERC20 utility token on the Ethereum platform, used for transactions within the Holochain network, specifically to pay for hosting services. Holochain is a peer-to-peer platform for developers to build decentralized applications using a distributed hash table (DHT), providing a lightweight and scalable solution. Holo (HOT) tokens are used to compensate Holochain hosts for their services, creating an ecosystem where dApp developers pay hosts in HOT tokens and end-users can access dApps without needing to purchase tokens. Holochain was created by Arthur Brock and Eric Harris-Braun, co-founders of the MetaCurrency Project.
