What Are the Differences Between Holochain and Blockchain?

In this article, we will ask you “What are the Differences Between Holochain and Blockchain?”  we will dwell on it. In order to understand the differences between them, we first need to focus on “Distributed Ledger Technology”.

Distributed Ledger Technology (DLP)

Distributed ledger technology (DLP) is a concept that is popular with bitcoin. This concept is a kind of collective work system. This system allows to be accessible while working, to be constantly updated, to perform operations in a decentralized structure. Unlike the traditional structure, it has a decentralized structure. Simply put, it is a data recording system. The fact that it can be recorded in many places, that a classic notebook can be lost or manipulated, but that it is under control, creates a safe structure for the users of this technology.

Blockchain 

Blockchain technology, which we have come up with Bitcoin, the first crypto currency, performs the transactions made in a network in blocks. When performing these transactions, it generates a separate hash for each transaction made. If a change is made in the block, the hash will change and it will be understood that a different transaction has been made. These transactions are publicly broadcast to each node in the network on a ledger. This brings transparency with it. Blocks contain information from the previous block. Thus, the chain is formed.

Holochain 

It is a kind of distributed ledger technology that we can call newer than Blockchain technology. The Holochain team has some propositions that really rival other ledger technologies. In particular, the Holochain team is looking to change the structure of the internet as we know it.

We mentioned that the technology is decentralized. The Holochain team states that the internet is not completely decentralized and that they aim to create an optimum structure.

What Are the Differences Between Holochain and Blockchain?

When we look at the basis of holochain and blockchain, some differences emerge. While the purpose is similar for both technologies, there are differences in structure. Holochain is a technology that does not reveal a different structure from the structure we use today.

Like blockchain, Holochain aims to allow secure and transparent transactions between users on the network. The information on both platforms is cryptographically secure and cannot be altered. Also, both platforms allow users to interact peer-to-peer. In this way, they can interact directly and without the need for a central authority.

If we look at the differences apart from these similarities, it aims to offer a more dynamic and fast structure. Blockchain aims to decentralize transactions so that users can interact directly without the need for an intermediary. In contrast, Holochain wants to distribute interactions to users.

Holochain allows users to make unlimited transactions in one second with the distributed networks it creates. Thanks to this, it is a large network that is unlimited in terms of the number of transactions.

In the blockchain network, nodes rely on a single network to initiate and verify transactions. So, as more blocks join the chain, the fees associated with transactions as well as the computational burden increase. Rather, the nodes in Holochain run on their own chains. For this reason, there is more room for calculations.

In Holochain, each node runs on its own chain, which means that there is no need for miners. For this reason, transaction fees are almost non-existent. Moreover, this means that there is no tokenization on the platform, but rather smart contracts rule the space.

What is Swipe Token (SXP)?
Swipe Token (SXP) is the native utility token that powers the Swipe ecosystem, a platform built to bridge the gap between cryptocurrencies and traditional finance. With Swipe, users can spend crypto as easily as fiat through crypto debit cards, digital wallets, and payment APIs. At the core of this system is the SXP token, which fuels transactions, offers staking rewards, and enables decentralized...
What Is TRON (TRX) and How Does It Work?
TRON (TRX) is a blockchain-based decentralized platform that aims to revolutionize content sharing, data ownership, and the digital entertainment industry. Initially founded by Justin Sun in 2017, TRON set out to eliminate intermediaries by allowing creators to distribute content directly to consumers via the blockchain. Over the years, it has grown into one of the leading blockchain ecosystems, boasting...
House of Representatives to Launch “Crypto Week” – Lummis’ New Bill for Crypto Tax Regulations
House of Representatives to Launch “Crypto Week” The US House of Representatives has declared the week of July 14 as “Crypto Week.” This week, the stablecoin bill GENIUS, the market structuring act for digital assets, and bills on central bank digital currencies (CBDC) will be discussed. The goal is to pass the House of Representatives and approve the stablecoin regulations, which are expected to reach...
What Is RWA in Crypto?
RWA means Real World Asset in crypto. It refers to physical or traditional financial assets made digital and available on blockchains. Imagine owning part of a building, a bond or a piece of artwork through crypto tokens. That simple step merges real-world value with DeFi innovation. These assets have become a hot topic in DeFi because they bring fresh use cases to the space. They let you access things...
Solana Staking ETF, a First in the US, Now Available for Trading - Ripple Applies for US Banking License
Solana Staking ETF, First in the US, Opens for Trading The REX-Osprey Solana + Staking ETF (SSK), developed in collaboration with REX Shares and Osprey Funds, has become the first crypto staking ETF to start trading in the US. The fund, which started trading at $ 25.47 on the Cboe exchange, offers investors both exposure to the Solana (SOL) price and the opportunity to earn staking returns on the Solana...


Create an account

Now create an account where you can use your knowledge.