In today’s world of electronic and mobile banking, money is changing from something tangible to something intangible that could not be held in one’s hand and basically transferred around the Internet. In this emergence, they were progressions for new innovative forms of currency which would bring about secured strings of digital codes known as “Cryptocurrency”. This digital currency began in 2008 with the unveiling of Bitcoin.
In today’s world, various cryptocurrencies are been established on a daily basis, bringing out their various concepts and the efficient technological products.
The Infinity Project will introduce a new cryptocurrency called Hyper-connected Coin (HYCON), a fast and secure cryptocurrency that makes use of the SPECTRE protocol to enable high transaction speeds while maintaining security. It is designed to counter some if the challenges that are faced in the existing blockchain of today. This problems faced has been a pressing issue that has kept creating roots in the blockchain ecosystem.
They are as follow;
• Throughput
• Latency
• Size and Bandwidth
• Security
• Wasted Resources
• Usability
The Hycon blockchain platform is really focused on making it’s platform a fast, reliable and scalable platform. Hycon blockchain will be able to publish a large number of blocks and verify every single transactions within seconds.
In this case, the Infinity Project team began searching for new technologies and algorithms that were best suitable for mass adoption that would enable us reach our goals. In this process, frameworks were designed by the Infinity Project which has 5 core goals-
• Identifying actual market needs for a
cryptocurrency
• Develop a cryptocurrency that is flexible
• Create user-centric blockchain platform
• Develop an ecosystem that promotes sustainable innovation
• Investigate methods for a decentralized cryptocurrency exchange
HYCON is clearly a promising development, it is worthwhile to closely monitor the development of the project and the work of the team, they will definitely do something fundamentally new and technologically advanced, only it is necessary to give them time and support.
The compatible wallet for the infinity project is the HYCON wallets which uses the “industry standard elliptic curve” cryptography ways for signing of transaction, known as sep256k, mnemonic codes for wallet is also known to have been adopted for better causes.
TOKEN INFORMATION
The Hycon blockchain owns its token name HYC and is packed with a total supply of 10 billion in which 70% would be available through public mining and the remaining 30% would be scattered into 6 portions as shown in the diagram below
For more information please visit the links below;
Web: https://hycon.io
Whitepaper: https://hycon.io/#whitepaper
Telegram: https://t.me/teamhycon
Twitter: https://twitter.com/teamhycon
Facebook: https: // facebook .com / teamhycon
Instagram: https://instagram.com/teamhycon
Reddit: https://reddit.com/r/HYCON