Have been thinking of a good example how I could explain the Holochain compared to Blockchain for people in a way that it would be easy to understand even from blockchain point ow view, so here it goes.
2. Blockchain is a technology that has thousands of projects building and running on it. It is data centric, meaning data is stored in the middle of it's architecture. Every new user makes the system run slower. It has limited scalability and tps.
3. Holochain is a technology that has about 40 happs building on it and later it can have thousands of projects running on it. It's agent centric, meaning data is stored with every user and every new user makes the system run faster. It has unlimited scalability and tps.
3. So basically Blockchain and Holochain are both techs that run projects on them but the architecture is completely the opposite of each other. Even if blockchain projects are claiming to be decentralized all the transactions go through one gateway that is measured with tps.
4. Holochain is distributed, meaning one step further from decentralized. It has no one gateway, every user has their own gateway and for this reason tps can't be measured. Million users can make transaction at the same second making tps 1M/second and there is no problem with it.
5. Blockchain as a tech has no token or coin, Holochain as a tech has no token or coin. Projects running on both tech can have currencies. I hope this explanation will help to understand what Holochain is and how it works bit better from blockchain point of view.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
This thread is about Holochain apps and community. With blockchain we are used to that people want to make money with speculating token prices and owners of the projects want to make themselves rich.
2. With Holochain apps and Mutual Credit currencies it's different. MC currencies are price stable without big pumps and dumps so big speculating with price is pretty much out of the picture. MC has actual use in the happs they are connected to and they are asset backed.
3. Many happs won't even have MC and are free to use. Rest are community driven so MC is designed to give to the community, not extract profit for own gains. One example is holofuel transaction fee is <1% that is used for development of Holochain and Holo, 99% income is for hosts