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holochain's profile
Holochain
Holochain
Holochain
@holochain

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Holochain

@holochain

Creating an ecosystem of decentralized apps with distributed, user-controlled storage. Cheaper, faster, better than #Blockchain https://forum.holochain.org 

Globally Distributed
holochain.org
Joined December 2016

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    Holochain‏ @holochain 13 Nov 2019
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    🚨Thread Alert! 🚨 Yes we are at this again! Let's talk #HoloFuel ⚡️ In the recent events of #HoloPorts being shipped by the end of 2019, everyone's asking about the HoloFuel. We know you want to know so here we go 💥 #Holochain #Holopic.twitter.com/N3EO19OwkB

    6:21 AM - 13 Nov 2019
    • 51 Retweets
    • 145 Likes
    • CryptoG20 Xrp winner Tron Jeremy James Christopher Ray Hadi Cryptotiger Safa Güler ₿itcoin Dream Catcher
    5 replies 51 retweets 145 likes
      1. New conversation
      2. Holochain‏ @holochain 13 Nov 2019
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        ▶️1/2 This week we’re taking an in-depth look at the HoloFuel transactor, which operates “under the hood” of the HoloFuel UI we discussed in the Dev Pulse 52. This will give you some insight into how HoloFuel’s agent-centric design has an advantage over other digital currencies

        1 reply 8 retweets 23 likes
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      3. Holochain‏ @holochain 13 Nov 2019
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        ▶️2/2 Understanding how the transactor works is important, not only for hApp devs, but also for promoting network user adoption as a way to provide asset backing of the currency. Holo & Holochain are promoting HoloFuel as the micro-currency that powers the Holo Hosting network.

        1 reply 6 retweets 19 likes
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      4. Holochain‏ @holochain 13 Nov 2019
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        1⃣The HoloFuel transactor ⚡️ 1/8 As a follow-up to our recent post on the HoloFuel UI, we’re going to do a deep dive into the HoloFuel transactor. It is perhaps the most critical component in building out the HoloFuel ecosystem within the larger Holo ecosystem.

        1 reply 6 retweets 18 likes
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      5. Holochain‏ @holochain 13 Nov 2019
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        1⃣The HoloFuel transactor ⚡️ 2/8 Making sure the transactor works properly, particularly when it comes to payments and hosting, is a priority for us as we progress through the Alpha Testnet.

        1 reply 6 retweets 17 likes
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      6. Holochain‏ @holochain 13 Nov 2019
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        1⃣The HoloFuel transactor ⚡️3/8 The HoloFuel transactor is the hApp for sending and receiving HoloFuel, and similar in many respects to a Bitcoin wallet.

        2 replies 5 retweets 19 likes
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      7. Holochain‏ @holochain 13 Nov 2019
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        1⃣The HoloFuel transactor ⚡️4/8 We’ve shown you what the UI will look like from the user’s perspective, but it’s important to remember that the UI acts as a bridge to the HoloFuel transactor, which is where the actual process of moving HoloFuel to various destinations takes place

        1 reply 5 retweets 23 likes
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      8. Holochain‏ @holochain 13 Nov 2019
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        1⃣The HoloFuel transactor ⚡️5/8 We therefore want you to see the underlying product functions and what makes our approach to HoloFuel different from other digital currencies.

        1 reply 6 retweets 19 likes
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      9. Holochain‏ @holochain 13 Nov 2019
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        1⃣The HoloFuel transactor ⚡️6/8 The key element that distinguishes the HoloFuel transactor from others is its agent-centric design. In other words, it is up to both the sender and receiver of HoloFuel to sign transactions confirming them.

        1 reply 7 retweets 16 likes
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      10. Holochain‏ @holochain 13 Nov 2019
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        1⃣The HoloFuel transactor ⚡️7/8 This marks a difference from Bitcoin, Ethereum, and similar currencies, where only the sender signs the transaction. This simple distinction creates a more accountable experience, yet intuitive and forgiving, experience.

        1 reply 6 retweets 17 likes
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      11. Holochain‏ @holochain 13 Nov 2019
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        1⃣The HoloFuel transactor ⚡️8/8 To see how this works in practice, let’s look at two scenarios—cancelling a transaction in progress and requesting funds.pic.twitter.com/c9oH5qyrnN

        1 reply 7 retweets 23 likes
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      12. Holochain‏ @holochain 13 Nov 2019
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        2⃣🚫Cancelling a transaction 1/3 A HoloFuel transaction goes through a series of verification and signing stages. Until the recipient has committed the transaction to their source chain, it remains in a pending state.pic.twitter.com/GRVt7aib6i

        1 reply 9 retweets 21 likes
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      13. Holochain‏ @holochain 13 Nov 2019
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        2⃣🚫Cancelling a transaction 2/3 You therefore have a window in which you can cancel the transaction if you accidentally send someone fundsor find suspicious activity on your counterparty’s source chain.pic.twitter.com/trTpccQKVF

        1 reply 6 retweets 19 likes
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      14. Holochain‏ @holochain 13 Nov 2019
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        2⃣🚫Cancelling a transaction 3/3 You see an advantage over blockchain-based currencies in which transactions even—accidental or fraudulent ones—are irrevocable once sent. Pending state also helps eliminate the frustrating crypto problem of sending HoloFuel to the wrong addresspic.twitter.com/SXm4xeGAjo

        1 reply 16 retweets 33 likes
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      15. Holochain‏ @holochain 13 Nov 2019
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        3⃣Requesting funds 📲 1/6 Unlike other currencies that are created from mining or staking, #HoloFuel is backed by (and redeemable for) the useful work of hosting by people like you from across the globe.pic.twitter.com/PyKcrbHOeE

        1 reply 14 retweets 30 likes
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      16. Holochain‏ @holochain 13 Nov 2019
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        3⃣Requesting funds 📲 2/6 Like #hApp developers, hosts are active participants in the #HoloFuel ecosystem and are able to not only send, but issue requests for payment. 🙌💥

        1 reply 6 retweets 17 likes
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      17. Holochain‏ @holochain 13 Nov 2019
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        3⃣Requesting funds 📲 3/6 Again, with our agent-centric approach, if the agent who is being asked to send funds declines to do so, they can reject the request. #Easy

        1 reply 4 retweets 14 likes
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      18. Holochain‏ @holochain 13 Nov 2019
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        3⃣Requesting funds 📲 4/6 This gives #HoloFuel a user experience on par with modern consumer payment apps like #Venmo, #PayPal, or #WeChat—as well as a smaller learning curve than other digital currencies.pic.twitter.com/VL6vmsETvS

        1 reply 6 retweets 20 likes
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      19. Holochain‏ @holochain 13 Nov 2019
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        3⃣Requesting funds 📲 5/6 In addition, the request function can be integrated with logging #hApps to handle invoicing.

        1 reply 4 retweets 17 likes
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      20. Holochain‏ @holochain 13 Nov 2019
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        3⃣Requesting funds 📲 6/6 This makes it much simpler to build an e-commerce operation fully within #Holochain Holochain without the need for third-party invoicing or other data collection/storage services—it can be done simply by integrating HoloFuel.pic.twitter.com/D0354cvbtr

        0 replies 6 retweets 33 likes
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      21. End of conversation

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