oh boy this could get really complicated really fast lol it has to do with string theory and nobody really understand string theory lol
ah hem
well it came really from black hole theories, where, really, really, basically, people wondered where did the information go when matter gets sucked into one. one thing led to another and people started talking about how much information could be held in a given area of space. the holographic principle came about when they did some calculations and realized that nothing says we specifically need three dimensions with the exception of gravity, which they later found that with quantum mechanics gravity could in fact be described as information on a 2d plane so now nothing says we can't be a hologram. but there is a information limit on how much data a space can hold so if we are 2d then there is a limit on information describing where everything is so there must be a limit to how small things can get and that's one way to test the theory is to find the smallest thing ever. which we cant do... so the other way is holographic noise which is a theoretical tell-tale signature you can find, again we don't understand physics well enough or have the tech to test for something like that. so basically, like the 10th dimensional or 15 dimensional string theories, nothing specifically says it CANT be that way, we just have no way of testing it yet.