Is Holochain really going to displace blockchain?


Blockchain was the buzz word of the last two years. Nowadays, it appears companies are starting to avoid it a bit. A new report from Forrester Research states that some companies are stopping to use the term “blockchain” because they think it is overhyped, business magazine Fortune reported Nov. 6.

Unfortunately for blockchain, that is not its only problem. There is a new player in the arena that promises even bigger disruption to the tech world than blockchain. Part of the name is the same, nothing else is – enter Holochain.

A fairly big European website, called DeutscheWelle has published a piece and the core message of it is exactly this: holochain has squeezed blockchain out of the hype machine.

“Holochain is designed to run entirely on distributed networks of home computers and smartphones, on a peer-to-peer, give-and-take basis. All kinds of apps can be built on holochain. For example, search apps similar to Google, email apps, messaging apps similar to Facebook Messenger, Twitter-like short text sharing apps, AirBnB-like spare-room-sharing apps.”

The article also points out that Holochain is actually older than bitcoin and blockchain. As the hype around blockchain settled down, mostly because of its current limitations in terms of scalability and speed, holochain saw its chance to slide into the displays and minds of tech leaders.

The article concludes that Holochain is, just like blockchain, still unproven tech that has long road ahead before being utilized the way its designers imagine it.

Holochain also recently brought to light a new Developer Preview release which the HOT dev. team has been working on. In the press release, Holochain looks to also rebuild the Rust, and this could be a significant boost for the Holochain Network.

What’s unique about Holo fuel, is that it is inversely scalable, meaning it actually gets more efficient with more users rather than less. So it can handle Facebook scale applications, basically. No other crypto-tech is even close to that.

A broad variety of applications can be created on Holochain, pretty much any app you can imagine that is running on the “regular” internet of today like search apps like Google, messaging apps like Facebook, email apps and more.

Because apps built using the Holochain protocol will be limited to distributed networks of consumer-owned computers, these apps won’t need to interact with corporate server farms at all. This means that organisations that own their servers won’t be able to ‘strip mine’ all your personal data as it passes through their network due to the data not passing through those computers.

 


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