The Bitcoin market is still trading a bit sideways. Over the weekend, the biggest Cryptocurrency conference just came under wraps in Miami. This was the first major crypto conference since the global pandemic, and why not at the venue that is becoming the new crypto hub of the world. I won't be surprised if we see some mind-blowing innovations coming out of Miami soon.
Now back to the entree, there were many keynote speakers at the "Bitcoin 2021" conference. Still, the one that stood out the most was the announcement of El Salvador becoming the first nation to accept Bitcoin as legal tender with the help of some of the biggest and brightest names in the industry. President Nayib Bukele plans to "Build a financial ecosystem with Bitcoin as the base layer." Things are going to get interesting fast...buckle up. But that's just an update. What I'm really here to talk about is a continuation from the last Zo Code.
If you can remember, in my last newsletter, I said I was digging into some new projects that allow you to earn passive income with crypto miners like Helium. So, as promised, let's look into a project called Holo. Before I begin, the Holo project launched in 2018/2019, but it's just starting to enter the beta stage, so I think now is a good time to talk about it.
Holo is a distributed peer-to-peer cloud hosting platform for Holochain apps. But in less technical terms, it's a new gateway to the internet.
Holochain has preached the slogan "Let's Take Back the Internet." When we think of the internet, what words come to mind? "The encyclopedia of wisdom," "Free game for knowledge," "You can find almost anything on google," and the idioms go on. The internet is MEANT to be an open platform that lets anyone share information, access opportunities, and work with others across borders. Emphasis on the word "OPEN."
How is that possible when giants like Google control over 90% of the ad market and companies like Facebook control almost 59% of the social media market? Today, every move we make online is tracked, logged, analyzed, and sold. Don't believe me? Watch the Social Dilemma on Netflix after you finish this newsletter.
Holo may be the solution! Right now, our interactions with the web are most often performed through centralized web servers, placing big companies in the middle. This community wants to build a truly peer-to-peer Internet. As a result, Holo allows anyone to access distributed applications by simply typing a URL in a web browser. The company aims to create a network of distributed apps free of centralized control by pooling together different computing resources that we will talk about later.
Holochain is Holo's "alternative to blockchain that is faster, more energy-efficient, and 10,000 times cheaper than existing blockchain technology. With Holo, you'll be able to share the capacity of your computer just like you might rent out a spare room on Airbnb" - Holochain Network.
You're all probably thinking the same thing right now. How do I profit from this? Similar to the Helium IoT Miner, Holo has created a hosting node called a Holoport. By using Holoport, you can become your own local version of Amazon Web Services (The most profitable part of Amazon). You will be able to host distributed applications that Holochain powers. And when those applications are paid for, you'll earn HoloFuel (Holochain’s native cryptocurrency) for hosting that application.
Right now, if you search Holochain in coinmarketcap, you'll see a cryptocurrency called Holochain Tokens (HOT), which was created to finance the initial construction of the holochain network. Once HoloFuel launches along with the Holoport's, you will be able to convert HOT for HoloFuel at a 1:1 ratio.
I felt like we were a bit late to the Helium party along with the rest of the world. Here on the Zo Code, I like to bring you projects before they hit the mainstream media...as promised. So these Holoports are not on the market yet. The only ones in circulation are the few ones sent out during the crowdfunding 2-3 years ago. Holochain is at the beginning of the Beta stage, so we are yet to find out how much these Holoports will earn in revenue.
So, for now, Click here to choose which HoloPort you are thinking of purchasing and then type your email in to get notified when these devices are available for shipping in your area.
In the coming weeks and months, the team is looking to put out PR's and marketing. This is definitely one of those projects I think everyone should keep their eyes on!!
The previous newsletter marked an important milestone for Bullion Dollar Blockchain. The Zo Code published its tenth newsletter! Wow, it's crazy to think it's been ten weeks already! Thank you to my OG subscribers who have been with me since day one with 'The Last of the Early Adopters' and those who have joined along the way. I deeply appreciate all of the support and feedback along the way. I am super excited to announce that Bullion Dollar Blockchain will be embarking on some new projects in the coming months. With this in mind, the Zo Code will change from a weekly newsletter to a monthly newsletter. Please take this extra time to dig deeper into some of the new projects I've shared with you, and feel free to reach out via email or on my social media accounts. I can't wait to share. Until we meet again next month, STAY CURIOUS.
-Zo
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