Holochain (HOT) is a decentralized application platform that utilizes peer-to-peer transaction capabilities. Unlike the Bitcoin network, clients in the Holochain network do not download all the data. Instead, each validator only downloads and is responsible for their own data. This fosters a consensus mechanism among users.
The cryptocurrency of the Holochain network is known as HOT Coin. Also referred to as Holo Coin, this cryptocurrency has recently garnered significant interest due to the network’s unique technological advancements. What are the features that make Holo Coin so important, and can Holochain Coin truly rise with these attributes?
What is Holo (HOT)?
The absence of global consensus in the network makes it one of the most distinct and important networks. Each network participant’s blockchain includes a private fork, inaccessible by the public blockchain network. This ensures that each device in the network is independent, yet generally connected. Data is synchronized only when necessary, allowing the Holochain network to have a high transaction capacity.
All transactions in the network use HOT Coin. With incredible scalability, HOT Coin is in high demand due to its widespread usage.
Where to Buy HOT Coin?
How exactly is HOT Coin purchased? Binance emerges as the most popular platform for users in this regard, offering liquidity and security that influence investor preference.
- To buy Holochain Coin, first, deposit USD balance into the exchange or purchase a cryptocurrency that can be used instead. For this, first go to the Binance homepage, click on the “Buy Crypto” option in the top left, and then select the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to trade with and mark Tether, i.e., USDT in the Coin section.
- After purchasing USDT, preview the “Buy-Sell” option in the top left again and click on the “Classic” tab.
- In the opened section, select the USDT tab from the top right, type HOT Coin into the search button, and choose the opened HOT/USDT pair below.
- Then, go to the middle “BUY HOT” tab, enter the amount you want to buy.
- Enter the amount you want and complete the Holochain Coin purchase process by confirming the transaction.
