$HOT Holochain is an innovative project aimed at revolutionizing how decentralized applications (dApps) are developed and hosted, offering an alternative to traditional blockchain. Here is a detailed analysis of its evolution, functioning, and recent developments, based on available information.
1. What is Holochain?
Holochain is an open-source framework for developing fully distributed peer-to-peer (P2P) applications. Unlike blockchain, which relies on a single ledger shared by all nodes (data-centric approach), Holochain adopts an agent-centric approach. Each node (or user) manages its own data chain, secured by a distributed hash table (DHT), similar to that used by BitTorrent or IPFS. This allows for massive scalability, reduced energy consumption, and increased decentralization.