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Uncomfirmed reports: Holochain is Going To Partner with Mozilla

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The bearish mood of the market is wearing off, after a long spell of Bitcoin having remained below $7000. Among the winners today were Monero, Ethereum Classic, NEO, VeChain, Dogecoin and Bytecoin. Dogecoin surged over 110 percent last week, and the reason being attributed to this rise is the forthcoming listing of the DOGE/USDT Trading Pair on Poloniex.

However, another altcoin which has shown an exceptional rise in price in Holochain's HOT. The coin, a new entrant in the peer-to-peer applications network is up by 50% today. The coin is a relatively lesser-known altcoin with a market capitalization of $181 million.

"The price surge is stemming from unconfirmed reports of Holochain's upcoming partnership with Mozilla."

The story behind the price surge.

The price surge is stemming from unconfirmed reports of Holochain's upcoming partnership with Moz
Mozilla is known for its Internet browser Mozilla Firefox, which is the top web browser of the year according to techradar.com. The browser, which is light on system resources, is commended for its speed and comprehensive privacy tools.

Holochain is a platform which allows developers to build distributed apps in Javascript or Lisp. The platform's focus is on enabling an innovative internet on users' phones, which does not require the use of cloud based servers, but instead, makes full use of a device's underutilized computing capacities with the help of blockchain for efficient functioning. According to the website, Holochain will use blockchain for helping users have better control of their data and identity, and connect them to distributed applications which suit their needs. Developers will be able to build faster, lighter and cheaper applications, and all the stakeholders in the platform will be able to transact without a centralized system in place.

"Interestingly, the former-CEO of Mozilla, Brendan Eich, who is also the name behind Javascript, raised $35 MM in an ICO which was conducted in 2017."

Jim Cook, Mozilla's CFO and Netflix's co-founder, in a Youtube interview said that the platform is ready for moving the internet to a state of decentralisation and that the market's focus is slowly going to shift away from the giants in the industry. Jim Cook also said that the agent-centric model of Holochain speaks to Mozilla. Mozilla has been sponsoring Holochain's meetups, according to Matthew Schutte of Holochain.
The possibility of a partnership has not been confirmed yet, but more will be revealed in an upcoming AMA session. The deal, if it is finalised, will be among the biggest news in the crypto-sphere this year.
Interestingly, the former-CEO of Mozilla, Brendan Eich, who is also the name behind Javascript, raised $35 MM in an ICO which was conducted in 2017. The ICO was conducted for funding the development of Brave, a browser for making advertising more efficient and profitable for all the stakeholders in the advertising ecosystem - advertisers, publishers and users. The Basic Attention Token (BAT) sold one billion units, and was among the most talked about ICOs of the year.

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