Holo’s Holochain based systems maintain Consistency, giving partial Availability in the face of a
Partition. The HoloFuel cryptocurrency used by Holo for hosting payments, etc., is an example of
what is possible, beyond the restrictions of global consensus systems.
You can transact a deal with any other party that you can communicate with (of course, you can’t
deal with other agents you can’t communicate with, which sort of makes sense).
Furthermore, the deal is validated by as many nodes are available within your partition. Of
course, don’t do a billion-dollar deal if you’re in a mobster’s network and can only see a few of
his nodes. But, even if you do – as soon as you rejoin the larger network, any attempt at fraud
will be immediately discovered. Unlike statistical consensus, which agrees with a majority – it
only takes a single non-fraudulent node to detect and report fraud, and then any and all other
nodes can confirm it, and black-list the complicit parties.
Worst case, you’ll have to Decline the (unfortunately fake) funds you were paid, to restore your
account to non-fraudulent status. But, for most typically use cases, the cost of building the
fantastically complex and elaborate “charade” required to perpetrate a single fraudulent
transaction won’t be worth it. Especially since the ill-gotten funds are worthless – nobody will
deal with the account – as soon as the fraud is detected by a single other node!
These risks are somewhat analogous to cash:
Don’t take suitcases of “totally legit!” USD$100 bills from a stranger in exchange for your
Don’t trust a certified cheque from “Bubba’s Bank and Trust and Taco Shack”, or from the
“Royale Bank of Scottland” branch in the City of Culiacán, Sinaloa, Mexico.
That’s more like money!