Hycon

An initial coin offering (ICO) or initial currency offering, a type of crowdfunding using cryptocurrencies, is a means of raising capital that has been prone to scams and securities law violations. Fewer than half of all ICOs survive four months after the offering.

An ICO can be a source of capital for startup companies. In an ICO, a quantity of the crowdfunded cryptocurrency is sold to speculators or investors in the form of "tokens", in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project launches.

ICOs provide a means by which startups avoid regulatory compliance and intermediaries, such as venture capitalists, bank and stock exchanges,while increasing risk for investors. ICOs may fall outside existing regulations depending on the nature of the project, or are banned altogether in some jurisdictions, such as China and South Korea.

HYCON is the computerized resource based over a speedier and more versatile blockchain created by the Infinity Project group. Utilizing a DAG (Directed Acyclic Graph) structure, it has the capacity to distribute a few squares at the same time with the capacity to determine clashing exchanges and reject twofold spends through the Specter agreement calculation.

BENEFITS OF HYCON

Faster
Quick transaction confirmation times
Honest transactions can be confirmed or rejected definitively in mere seconds, due to the high volume of blocks published within that time interval.

Scalable
On-chain Scalability
Transactional throughput up to 3000Tps on a 2MB/s connection can be achieved as a starting point of the project.

Frictionless
Latency Tolerance
The DAG structure coupled with the SPECTRE protocol allows for network latency to be essentially removed as a limiting factor on transactional throughput. Blocks that are received out of order can still be ordered based on their implied position in the DAG rather than the time they were received.

USE CASES

HYCON is Phase 1 of the Infinity Project Ecosystem and positioned for wide adoption as an efficient medium of exchanging value for enterprises, small businesses, governments, NGOs, and individuals. Together with the Infinity blockchain, HYCON will power the Infinity Platform (Phase 2) and Infinity Decentralized Exchange (Phase 3).