Binance Telegram AMA Session with the Holo Team Summary

AMA on Thursday, April 18th at 4PM GMT

There were so many excellent questions! We were able to answer many, but could not get to all of them due to time. Hopefully, many more will be answered in one of our live AMAs.

The questions ranged from why Holochain apps are different, to adoption, to wallets, to partnerships, to real world examples. Many people wanted to know what you can expect from the project in 2019! We covered so many topics during this AMA on the Binance English Channel! If you missed it, you can catch up with this summary.

Before diving in, we want to thank Binance for organizing this AMA, as well as our community for their participation! We look forward to sharing development and ecosystem updates with you regularly and answering your questions during our next AMA.

Also, a big thanks to Darc for hosting, coordinating, and organizing. We are grateful to have had the opportunity to engage with the wonderful Binance Community on Telegram. Thank you to our community admins TVG and Brooks for helping answer questions. Thank you, @TVG_HOLO, @HoloIslandNews, and @holochainnews for the excellent, live AMA coverage and minute-by-minute AMA Tweets.

The following is a summary of the Q&A. Please note that some editing has occurred in order to improve readability and clarity.

Summary of the AMA:

Team and Project Intros

Questions and Answers

Team Intros

Mary Camacho, Executive Director

As a member of the leadership team, Mary strives for organizational alignment and focus across Holo, supporting people and teams in achieving results. Mary works directly with legal and regulatory, as well as with the HoloFuel team and finance to ensure a sustainable foundation for the project and the company.

David Atkinson, Commercial Director

David is one of the core masterminds at Holo. He loves to help people and businesses that are driven by purpose and a deep understanding and love for what they do. He is a member of the leadership team and focuses on business, community, and ecosystem growth — all of which have been integral to Holochain and Holo’s immense achievements.

Amanda DHT, Communications & Community Manager

Amanda is focused on communications and expanding the capacity of the Holochain Ecosystem by cultivating and growing the base of developers, hApps, community leaders, and supporters, as well as international and online communities.

Moritz Bierling, Chief Catalyst

Moritz plays a vital role in supporting internal and external projects for Holo and the entire Holochain ecosystem. He was the very first IGG supporter and helped fundraise $20 million during the Holo ICO. Moritz now focuses on building a rigorous case for Holochain in a series of light papers.

Project Intro

What is Holochain?

Holochain is a powerful, flexible approach to distributed networks. Building on Holochain means you only need to choose one framework for building public or private distributed networks and applications.

Questions and Answers

1. Why is Holochain different for institutions, enterprise and startups?

You can build scalable public networks with collaborative and open ecosystems. Native interoperability means that apps can build on top of each other, forming new partnerships and solving new problems. You can customise network parameters such as privacy, governance, consensus, and redundancy/sharding to fit application needs — like a private network. This means that on Holochain there is no trade-off between the scalability and customizability of private networks and the collaborative spirit of public ones.

What you call blockchains, we call apps. What you call apps, we do too. Holochain apps are configurable.

Holochain is a software framework (pattern for designing dApps + software libraries + CLI tools + macros), library, and toolkit — not a singular deployed platform. hApp DNA ensures application rules are abstract from the protocol layer. Our network-of-networks approach ensures that both application rules and governance are confined to the application and its users.

Holochain apps are evolvable.

Bridging allows identity and data sharing across Holochain hApps. hApps have a native API for integrating to other systems. We treat features as separate hApps and deploy piecemeal. We provide built-in tools for upgrading or modifying hApps, as well as to integrate and build on top of existing hApps. This allows you to easily form new partnerships and rich collaborative ecosystems, or to evolve existing solutions to create value.

Holochain apps are secure.

Data immutability via hash chain ensures the reliability and tamper resistance of all data and cryptographic signing. Countersigning ensures data and transaction authorship. We natively support GDPR through agent, self-sovereign data ownership. Each hApp is its own network and access can be restricted as required via the DNA validations. This provides a flexible framework for increasing participation security. Application rules enable nodes to automatically identify bad behavior and a range of actions can be taken based on severity. Security membranes allow flexibility around controlling access to shared data. Crucially, users can continue to work whilst offline or partitioned.

Holochain apps are scalable.

Capacity scales linearly with Holochain users as each node contributes useful computing power. Users can utilize their single agency across all hApps on all their devices and enable data flow between them. Mainstream users can use a web browser with no reduced functionality. Local data lives on the device for distributed processing and analytics. Performance scaling with number of users is close to linear — there’s no network size threshold. hApps can be designed to provide consistent, local performance and reduce network latency sensitivity.

Learn more about Holochain Apps: https://medium.com/h-o-l-o/why-are-holochain-applications-different-and-what-does-that-mean-for-me-924cd18b6321

2. Why is Holochain a good choice for developers?

Holochain hApps are developer-friendly.

You can prototype hApps in <15 minutes using out-of-the-box developer tools. Holo hosting allows native cloud user experience, and if needed, access to a web browser. Roll out features piecemeal as separate, interconnected hApps with built-in tools for upgrading or modifying hApps.

Holochain apps are designed for your benefit, not ours.

Holochain has no native currency. Holochain apps are free to run as long as all users are using Holochain. Holochain is free and open source. We extract no costs (like gas), have no mining, and no centralizing structures in our network (like staking or masternodes). Holochain is a pure, peer-to-peer application framework that allows for a network of networks to be created organically and fast.

We have a vibrant ecosystem built on openness and evolvability.

A vibrant and rapidly growing community (see community credits):