Holo will hold a live stream on YouTube on May 7th at 14:45 UTC

The upcoming live stream by Holo on YouTube is set for May 7th at 14:45 UTC. According to the announcement on X (formerly Twitter), the stream will begin with project updates. Afterwards, there will be an opportunity for viewers to ask questions.

As a decentralized peer-to-peer platform, Holo is designed to host DApps built with Holochain, an innovative technology that offers an alternative to blockchain. The essence of Holo lies in bridging the conventional internet and the realm of Holochain-crafted DApps, ultimately creating an ecosystem and marketplace for these decentralized applications.

A key aspect of Holo is enabling these apps to be hosted on the internet through network participants, thereby expanding their reach and making them more accessible to the average user.

The Holo network relies on hosts who willingly provide storage and computational power for DApps developed on Holochain. These hosts can run the Holo software on their personal computers or dedicated devices like HoloPorts, effectively donating any excess processing power to DApps. In return for their contributions, they are compensated with HoloFuel, a token specifically designed for facilitating microtransactions.

With a high throughput of 1,000 transactions per second and low transaction fees, HoloFuel is capable of handling a large volume of transactions, enabling the Holo network to manage billions of simultaneous transactions efficiently.

Earlier in 2018, Holo issued an ERC-20 token, HOT, also known as HoloToken, which acts as an “IOU” and will be exchangeable for HoloFuel upon its launch. This temporary token, HOT, is used until the complete deployment of HoloFuel, which serves as the primary currency of the Holo network and is employed to pay hosts for the resources they contribute.

The revenue model for Holo is based on transaction fees collected from HoloFuel, with the network’s growth directly impacting Holo’s earnings potential.