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Holograph FAQ
Summary
Holograph is a multichain digital asset protocol that enables the deployment of natively multichain digital assets, which are assets that exist as single instances across multiple execution environments. Holograph consists of a team of 14 full time members based in multiple locations. It provides a suite of smart contracts that enable digital asset data to persist on multiple execution environments, and has been audited by Code4rena. Holograph App provides interfaces for creators to create, deploy, mint, bridge, buy, and sell multichain digital collectibles, and Holograph Protocol charges 1% of every bridge transaction fee. It unlocks entirely new use cases for developers to explore such as mint fee arbitrage, omnichain identity, and cross-chain asset fractionalization. Holograph uses LayerZero for arbitrary cross-chain message passing, and is designed to be modular so it can integrate with any variety of arbitrary cross-chain message passing designs.
Q&As
What is Holograph?
Holograph is a multichain digital asset protocol.
What is the purpose of Holograph?
The purpose of Holograph is to power digital asset composability across all execution environments.
What products does Holograph offer?
Holograph offers the Holograph App, Holograph Protocol, and Holograph CLI.
How does Holograph make money?
Holograph makes money by charging 1% of every bridge transaction fee and by leveraging a tiered API pricing model for developers building natively integrated multichain apps.
What are some use cases for Holograph?
Some use cases for Holograph include mint fee arbitrage, chain-specific properties, omnichain identity, cross-chain NFT arbitrage, mint-specific chains, omnichain marketplaces, cross-game assets, cross-chain royalties, cross-chain governance, cross-chain lending, cross-chain asset fractionalization, cross-chain derivatives, multichain contract deployment, and multichain token distribution.
AI Comments
👍 The article provides a comprehensive overview of Holograph and its uses, making it easy to understand the technology and product.
👎 The article does not provide a clear explanation of the security risks associated with Holograph and its integrations.
AI Discussion
Me: It's about Holograph, a multichain digital asset protocol. It talks about the company, its mission, the product, how it works, its potential use cases, and its technology and security measures.
Friend: Interesting! What are the implications of this article?
Me: Well, the implications of this article are that Holograph provides a way for digital assets to exist across multiple execution environments, which could reduce data and liquidity fragmentation, resulting in lower development overhead and fees. Moreover, this could enable the creation of natively integrated multichain apps, which could unlock a variety of use cases for developers. Finally, Holograph is secure and modular, meaning that it can integrate with various message passing solutions in the event that one is compromised.
Action items
- Research Holograph Protocol and LayerZero to understand the security implications of the protocol.
- Explore the use cases of Holograph Protocol and develop a strategy for how to best leverage the protocol for your own projects.
- Join the Holograph Discord to connect with the team and other users to discuss the protocol and ask questions.
Technical terms
- Multichain
- A multichain is a blockchain network that consists of multiple blockchains that are connected and interact with each other.
- Execution Environment
- An execution environment is a computing environment in which a program or code can be executed.
- L1s
- L1s are the main blockchains that are used to store data and execute transactions.
- Sidechains
- Sidechains are blockchains that are connected to a main blockchain, but are used to store and execute transactions that are not related to the main blockchain.
- Rollups
- Rollups are a type of blockchain technology that allows for the off-chain execution of transactions, while still maintaining the security of the main blockchain.
- EVM
- EVM stands for Ethereum Virtual Machine, which is a virtual machine that is used to execute smart contracts on the Ethereum blockchain.
- HLG
- HLG is the native token of the Holograph Protocol.
- hNFTs
- hNFTs are non-fungible tokens minted with Holograph.
- hTokens
- hTokens are fungible tokens that are wrapped with Holograph.
- CREATE2
- CREATE2 is an Ethereum opcode that allows for the creation of contracts without the need for a transaction.
- Burn and Mint
- Burn and mint is a technique used to move digital assets between different blockchains. In this technique, the asset is burned on the source chain and re-minted on the destination chain.