The advent of blockchain technology led to positive change and relief for the aspect of economy and finance. Prior to the introduction of blockchain technology, finance-based activities were highly centralized. Take money transfers, for example, money transfers can not be made between states or countries without the involvement of centralized financial platforms such as banks, and this requires physical presence of the users, which leads to a waste of time and also leads to frustration because it eliminates all other activities of the user at that specific time to complete the transaction. This has always been the problem of time. And as effort is been made to solve the promble, Then came the miraculous digital currency, Bitcoin, which created the possibility of truly making peer-to-peer transactions around the world, regardless of the location, currency or language of the country to which the transfer took place. is made, and this money can be transferred from the convenience of your home, the more interesting is the fact that the decentralized nature of blockchain technology has made it possible for users to monitor their transaction until it is final, no better news this year than this, and the fact that it sounds too good to be true, made it even more interesting. The impact that blockchain technology has on companies and financial organizations can’t be emphasized enough, but despite that it still has a number of shortcomings that will be addressed with the invention of the HYCON currency and platform.
PROBLEM OF MANY CRYPTO COINS
The market capitalization of cryptocurrencies reached its highest peak of all times in 2017. In fact, in December 2017, the CoinMarketCap of all cryptocurrency hit a record high of nearly $ 1 trillion ever. These urgent peaks in users revealed 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 processes 15 transactions per second, within this time frame users in the Bitcoin blockchain alone made more than 7 transactions per second and this resulted in a serious setback in the blockchain, which leads to a longer confirmation time and high transaction costs.
Users paid as much as $20 as transaction costs, and sometimes it takes up to days for the transaction to be confirmed and completed. This made the integration of cryptocurrencies almost impossible because the existing blockchain could not handle the number of non-guaranteed transactions.
A frictionless blockchain experience made the team of the infinity project a revolutionary solution called HYCON.
To address these anomalies, the infinite project has been led by the Taewon Kim, who is convinced that living in an era where the power of blockchain technology can provide a better and more transparent world, a reliable and efficient crypto called hycon introduces. This hycon was created to solve some of the problems encountered in the previously existing cryptocurrencies.
ADVANTAGES OF HYCON OVER OTHER CRYPT CURRENCIES
Because the anomalies have been identified, it is easier to take measures to solve them. here are some of the benefits you can get that other currencies can not offer; For starters, the time for confirming the transaction is excellent, fast and fast. Hycon will ensure that we have a lot of block that is published within a reasonable timeframe. Moreover, hycon is a currency that is flexible. The team that produces hycon (infinity project team) had made a decision to eradicate the traditional perspective of the rigid development of money that was available in most of the previous existing crypto. As a result, the introduction of a platform that is flexible for implementation will enable the integration model for a diverse monetary model. Also, exchanges are securely decentralized. One of our active areas of the platform is that we ensure that different cryptocurrency exchanges are carried out with a decentralized approach. The exchange of currency is largely dependent on decentralization to deal with cryptocurrencies very quickly and cheaply. Moreover, the decentralization policy must trust users to fiat who belongs to them and also has crypto to exchange. Token details Token: HYC Token type: OWN PORTFOLIO Total tokens: 10,000,000,000 Available for Token Sale: 10%.
As technology tries to improve every day, blockchain needs to be more advanced to support it and HYCON is considered the key to improvement because it is a relatively robust, highly distributed, efficient system and flexible.
To find more about Hycon, here are some useful links
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