Imagining the huge success that came with the invention of blockchain technology, one would want to assume the title " Blockchain Discoverer". When I think of the fulfillment and satisfaction felt by the initiator of blockchain technology, I feel like wearing or being in his shoes. Blockchain was discovered in 2015, then those who knew about it early enough and stumbled on it, of a truth knew they have discovered a goldmine, this is owing to the fact that there are so many goodies that come with the establishment of blockchain technology. One of the foremost innovations of blockchain is Bitcoin, the first cryptocurrency to be created.
Before the introduction if blockchain technology, finance-based activities were greatly centralised, take for instance funds transfer, funds can't be transformation between states or countries without the involvement of centralised financial platforms like banks,and this requires the users physical presence, which ends up in time wastage, which also leads to frustration, because the user had to put other activities on hold while trying to finalise the transaction. Then came the wonder digital currency, Bitcoin, which brought about the possibility of making truly peer to peer transactions across the world,not minding the location, currency or language of the country to which the transfer is been made,and this funds can be transferred from the convenience of your home, the more interesting fact is that the decentralized nature of the blockchain technology has made it possible for users to monitor their transaction, until its finalised,there had not been any better news this year than this ,and the fact that it's sounding too good to be true, made it even more interesting. The impact that the blockchain technology has on businesses and finance organizations cannot be overemphasized, that notwithstanding, it still has some shortfalls, which will be addressed with the invention of the HYCON coin and platform.
STATEMENT OF THE PROBLEM
The year 2017, is playfully referred to as the cryptocurrency year, because it's the year that the users of blockchain technology spiked, so much so, that issues of concern that were previously ignored now became an issue. As a statement of fact, December 2017, the CoinMarketCap of all cryptocurrency hit an all-time high volume of about $ 1 trillion. This urgent spikes in users made known the vulnerabilities of the platform, some of which are scalability and transaction speed. When Bitcoin blockchain was invented, it was originally designed to handle 7 transactions per second and the Ethereum blockchain handles 15 transactions per second, within this time frame, users in the Bitcoin blockchain alone were making more than 7 transactions per second and this resulted in a serious setback in the blockchain which leads to longer confirmation time and high transaction fees.
Some users pay up to $25 as a transaction fee, and sometimes the transaction takes up to days before it is confirmed and completed. This made the integration of cryptocurrencies almost impossible because the existing blockchains could not handle the number of transactions not guaranteed. A frictionless blockchain experience made the infinity project's team to introduce a revolutionary solution called HYCON.
THE WAY OUT
Hyper-connected coins(HYCON) was introduced by the infinity project team, as a remedy to the problems facing existing cryptocurrencies, HYCON is a fast and secure cryptocurrency that utilizes the SPECTRE protocol to endure high transaction speed and security of transactions too. It is going to start with one hundred transactions per second, and since its scalable, that would never be a limit, no matter the reception it receives. HYCON has beyond a readable publication, but its already a functioning project, and the HYCON premier blocks were published on January 4th,2018, at about 3:15 am KST( GMT +9) and can be viewed in Github.
SUMMARY
Since the invention of the cryptocurrency, a lot of people though are aware of its existence, are afraid of investing in it, while those who understood it's importance are taking advantage of it. One of the major worries of users, is to have to wait long hours to be attended to during transactions and also the inability to make funds transfer to far locations ,but all of this is been resolved as the HYCON coin has introduced a platform where there is increased transaction speed and where funds transfer can be transferred between state and countries.
TEAM
ROADMAP
Website: https://hycon.io
Whitepaper: https://hycon.io/doc/whitepaper1.2.2_en.pdf
Facebook: https://www.facebook.com/teamHycon
Telegram: https://t.me/teamhycon
Twitter: https://twitter.com/teamhycon
Reddit: https://www.reddit.com/r/HYCON/
Steemit: https://steemit.com/@hycon
Writer: xratedx
bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2257524
email: [email protected]