Holochain

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Holochain is a new blockless decentralised currency and application framework. The​ ​ approach​ ​ used​ ​ in​ ​ Holo​ ​ does​ ​ not​ ​ waste computing​ ​ power​ ​ on​ ​ those​ ​ proofs,​ ​ nor​ ​ on​ ​ any​ ​ type​ ​ of​ ​ global​ ​ ledger​ ​ consensus​ ​ at​ ​ all. Holochain ensures​ ​ data​ ​ integrity​ ​ for​ ​ distributed​ ​ applications​ ​ through​ ​ careful​ ​ provenance​ ​ of​ ​ data​ ​ published from​ ​ each​ ​ agent’s​ ​ local,​ ​ immutable​ ​ chain.​ ​ Public​ ​ entries​ ​ to​ ​ local​ chains​ ​ are​ ​ then​ ​ shared​ ​ to​ ​ a content-addressable,​ ​ distributed​ ​ hash​ ​ table​ ​ (DHT).​ ​ Unpredictably​ ​ selected​ ​ peers​ ​ validate cryptographic​ ​ signatures,​ ​ enforce​ ​ data​ ​ schemas,​ ​ and​ ​ application​ ​ logic.

Holo​ ​ offers​ ​ a ​ ​ whole​ ​ new​ ​ breed​ ​ of​ ​ cryptocurrency.​ ​ Unlike​ ​ its​ ​ predecessors,​ ​ it​ ​ is​ ​ not​ ​ a ​ ​ crypto-token or​ ​ cryptocoin,​ ​ but​ ​ a ​ ​ mutual​ ​ credit​ ​ accounting​ ​ system​ ​ where​ ​ every​ ​ transaction​ ​ is​ ​ countersigned​ ​ on the​ ​ local​ ​ chains​ ​ of​ ​ both​ ​ counterparties.​ ​ This​ ​ allows​ ​ us​ ​ to​ ​ design​ ​ the​ ​ crypto-credits​ ​ to​ ​ forge​ ​ new patterns​ ​ of​ ​ social​ ​ and​ ​ market​ ​ behaviors​ ​ that​ ​ have​ ​ not​ ​ previously​ ​ been​ ​ possible.