What are the differences between Holochain and Blockchain?

What are the differences between Holochain and Blockchain?

When we look at the basis of Holochain and blockchain, some differences emerge. While the purpose is similar for both technologies, there are differences in structure. Holochain is a technology that does not reveal a different structure than the structure we use today.

Like Blockchain, Holochain aims to allow secure and transparent transactions between users on the network. Information on both platforms is cryptographically secure and cannot be changed. Also, both platforms allow users to interact peer-to-peer. In this way, they can interact directly and without the need for a central authority.

Apart from these similarities, if we look at the differences, it aims to offer a more dynamic and fast structure. Blockchain aims to decentralize transactions so that users can interact directly without the need for an intermediary. Contrary to this situation, Holochain wants to distribute interactions to users.

Holochain provides users with unlimited transactions in one second with the scattered networks it creates. In this way, it is a large network that is unlimited in terms of the number of transactions.

In a blockchain network, nodes rely on a single network to initiate and verify transactions. Therefore, as more blocks join the chain, the computational load increases as well as the fees associated with transactions. Rather, nodes in Holochain operate on their own chain. Therefore, there is more room for calculations.

In Holochain, the fact that each node works on its own chain may mean that there is no need for miners. For this reason, transaction fees are almost non-existent. Moreover, this means that there is no tokenization on the platform, but rather smart contracts rule the space.

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