Tezos XTZ to Holo HOT Exchange

Crypto Pair Details: XTZ to HOT

Tezos XTZ

Tezos is a coin created by a former Morgan Stanley analyst, Arthur Breitman. It is a smart contract platform which is does not involve in mining Tezos coins. It is a coin that promotes themselves on major ideas of self-amendment and on-chain governance. It is an Ethereum-like blockchain that hosts smart contracts. It allows the community to vote and improve its flaws. Any token holder may delegate their voting rights to others in the network. The coin uses a generic network shell which allow different transaction and consensus protocols that a blockchain needs to be compatible. The source code is implemented on OCaml which is a fast, flexible and functional programming language which should suit an ambitious project and its technical requirements. Tezos’ proof-of-stake consensus algorithm is different from the delegated proof-of-stake (dPOS) where they go by the name liquid proof-of-stake. This liquid proof-of-stake that Tezos uses focus in filling the gap between both security and decentralization but still being able to take advantage of the benefits that delegated proof-of-stake offers. The staking process in Tezos is called “baking”. In this blockchain, bakers who make deposits will be rewarded for signing up and publishing blocks. However, if a baker commits any bad behavior the deposits will be forfeited. Baking & Endorsing Baking is what Tezos refers to as the action of signing and publishing a new block in the chain. Bakers need at least 10,000 XTZ to qualify as a delegate, and having additional delegated stake increases their chances of being selected as a Baker or Endorser. At the beginning of each cycle (4096 blocks), the Bakers for each block are randomly selected and published. Bakers earn a block reward of 16 XTZ for baking a block. In addition to the Baker, 32 Endorsers are randomly selected to verify the last block that was baked. Endorsers receive 2 XTZ for each block they endorse. Block Rewards & Inflation Block rewards are funded by protocol defined inflation. Rewards are calibrated so that the number of XTZ tokens grows at roughly 5.5% per year. If 100% of Tezos tokens are delegated, the annualized yield will be 5.5%. Currently, 38% of Tezos tokens have been delegated, including the 10% owned by the Tezos Foundation, so the annualized yield is currently 14%. To ensure Bakers and Endorsers act honestly, they are required to post a security deposit for each block they Bake or Endorse. They forfeit this deposit in the event of malicious activity, such as double baking or double endorsing a block. In 2018, Tezos successfully launched their main network after delaying the launch due to corporate governance disputes. The Tezos foundation planned to transition the network to a mainnet, or a more complete version. The foundation has also raised $232 million in July 2017 to build the network and issue a new type of cryptocurrency to its backers in one of the largest- ever initial coin offerings. The founders have also made it clear in their blog that the network is using a new blockchain technology hence unexpected issues may still occur affecting the network. Check out CoinBureau for the complete review of Tezos.

Holo HOT

Holochain enables a distributed web with user autonomy built directly into its architecture and protocols. Data is about remembering our lived and shared experiences. Distributing the storage and processing of that data can change how we coordinate and interact. With digital integration under user control, Holochain liberates our online lives from corporate control over our choices and information. Holochain is an energy efficient post-blockchain ledger system and decentralized application platform that uses peer-to-peer networking for processing agent centric agreement and consensus systems between users. Holochain enables any device to have its own chain based ledger system. By using a holographic model for data storage and transfer developers can now create decentralized applications that can scale in multiple dimensions across a network ensuring they are truly distributed. This enables every device on a network to function independently, and only requires the synchronization of data when necessary, or agreed upon by users. This means every user is in control of their own data, and never has to risk their data being sold or exposed to 3rd parties like what just happened with Facebook and Cambridge Analytica. Holochain provides a framework for developers to build decentralized applications and aims to change the paradigm of data-centric blockchains to an agent-centric system. In Holochain’s fledgling system, no true global consensus is maintained. Instead, each agent in the public blockchain maintains a private fork, essentially, that is managed and stored in a limited way on the public blockchain with a distributed hash table. This means there are no scalability limits and dapps hosted on Holochain can do much more with less of nearly everything than traditional blockchains. This system however has some inherent weaknesses. Because the entire blockchain must be verified by each member of the network, scalability problems quickly develop. The larger the amount of data being handled, the more restrictive the limit of transactions per second that can occur on the blockchain at any one time.Holochain itself is open source and written in Go. Go was selected for its ease of use and similarity to C. Dapps written specifically for Holochain can be developed with JavaScript or Lisp, with support for front-end systems using CSS, HTML, and JavaScript. The developers added that Holochain is relatively flexible when it comes to handling new languages, so there is potential for growth on that front. Holochain bills itself as an environmentally friendly alternative to traditional blockchains. Because there is no need for each individual agent to store and validate the global blockchain, Holochain only consumes a fraction of the bandwidth of traditional chains. Holochain also does not have a mining component, so there’s no electricity or processing power spent on proof-of-work calculations. Arthur Brock and Eric Harris-Braun are the co-founders of Holochain and creators of Holochain. They have been designing alternatives currencies since the 80’s and have been working on Holu since before the Bitcoin whitepaper was written. To protect the incentives of users, founders and developers, Holochain is owned by a non-profit foundation. he company’s advisory team also includes Ryan Bubinski, the co-founder of CodeAcademy. In June, Holochain announced a new strategic partnership with Promether, an Adaptive Symbiotic Platform (ASP) that implements all the networking, security and anonymization code applications need to protect their data.

SOURCE: COINGECKO

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