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Bitcoin
$91,851.28
2.59% -
Ethereum
$3,166.93
2.75% -
Tether USDt
$1.00
0.10% -
Solana
$240.16
2.01% -
BNB
$621.75
0.55% -
XRP
$1.13
6.17% -
Dogecoin
$0.3768
3.82% -
USDC
$0.9999
-0.01% -
Cardano
$0.7461
4.55% -
TRON
$0.2033
2.57% -
Shiba Inu
$0.0...02478
-1.23% -
Avalanche
$35.65
1.25% -
Toncoin
$5.60
4.40% -
Sui
$3.76
-0.46% -
Chainlink
$15.32
11.29% -
Bitcoin Cash
$457.08
5.83% -
Polkadot
$5.94
10.18% -
Pepe
$0.0...02050
-2.89% -
NEAR Protocol
$6.06
5.78% -
UNUS SED LEO
$7.79
1.73% -
Stellar
$0.2314
17.94% -
Litecoin
$89.33
2.69% -
Aptos
$12.10
3.29% -
Uniswap
$9.23
5.33% -
Dai
$1.00
0.04% -
Hedera
$0.1256
40.46% -
Cronos
$0.1726
10.73% -
Internet Computer
$9.44
4.36% -
Kaspa
$0.1711
13.96% -
Render
$7.71
8.22%
What is the use of Holo coins?
HoloFuel (HOT) enables the utilization of the Holochain network, facilitating transaction fees, staking as a validating host, acquiring HoloPorts for hosting applications, and supporting the operation of Holochain applications via HoloFuel.
Nov 19, 2024 at 03:08 am
What is the Use of Holo Coins?
Holochain is an open-source framework for developing distributed applications that do not rely on a central authority. HoloFuel (HOT) is the native cryptocurrency of the Holochain network.
1. Transaction Fees
HOT is used to pay for the transaction fees associated with using the Holochain network. These fees are paid to hosts who provide the computing resources necessary to run Holochain applications.
2. Staking
HOT can be staked to become a "validating host" on the Holochain network. Validating hosts are responsible for verifying transactions on the network. In return for staking their HOT, validators earn rewards in the form of additional HOT tokens.
3. HoloPorts
HoloPorts are physical devices that can be used to host Holochain applications. HoloPorts come in a variety of shapes and sizes, and are designed to meet the needs of different users. HOT can be used to purchase HoloPorts from the Holo website.
4. HoloFuel
HoloFuel is a type of digital asset that is used to power Holochain applications. HoloFuel can be purchased from the Holo website or from third-party exchanges. Developers can use HoloFuel to create and deploy Holochain applications, or to pay for the resources used by their applications.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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