To develop the technology of blockchain systems, absolutely new technologies are needed that will replace existing ones and in many respects surpass them. This is exactly what Hycon offers, which aims to increase the bandwidth to 3,000 transactions per second, thereby completely reducing the number of slow transactions. This technology is considered as a real alternative to bitcoin. Infrastructure and the full operation of the network will directly occur on the technology itself, which is called Infinity.
One of the most popular and popular blockchain at the moment is the Ethereum network, where, under various manipulations, the network load does not withstand certain operations and the transaction may hang. In the case where it is necessary to quickly execute the payment, the commission fee will cost considerable funds for the user, which is not acceptable for small payments.
Hycon technology has a distinctive structure structure compared to existing crypto-currencies and is based on the unique DAG algorithm. The authors of the project note that this protocol is able to solve the problem of storage and transmission of data. At the same time, the unique ability of DAG is the creation of blocks in various sections of the blockchain. To supplement this technology will be the properly developed algorithm SPECTRE, to create an ideal network consensus.
Transaction operations are performed in a matter of seconds and do not overload the network when it is used by a large number of users, this is due to the rapid and sequential generation of blocks on which the data transfer rate directly depends.
It is worth noting that the project was very successful in the ICO phase, and the crowdsdale was quickly closed, as a high level of $ 60 million was achieved. Large investment funds bought out most of the shares, and this shows that this project is capable of generating profits, both in the short term and in the long term.
Technology
HYCON is a revolutionary and bold project, which is sharpened on the creation of a stable and decentralized block network with the newest and innovative technologies.
Decentralization is one of the main advantages of the project.
At the same time, special attention is paid to the scalability of the network and increasing the bandwidth to 3,000 transactions per second. Many teams, by their ability, reduce this figure to the maximum and only bold and ambitious open the curtain in tomorrow.
The DAG protocol makes transactions in a matter of seconds when creating new blocks. This is an ideal algorithm and infrastructure for the development of the ecosystem as a whole.
Token
During the sale, 1 billion HYCON tokens were sold and the price was $ 0.10 per coin. An investor with a large capital had the opportunity to make a maximum purchase of tokens worth $ 50,000.
At the same time, the minimum investment was $ 50. At the moment, the token is successfully traded on one of the largest exchanges OKEX. Indicators of trading volumes are quite impressive and the coin acquires a liquid character.
Project team:
The project has a South Korean team that works under the name Infinity Project. Experts have experience and practical skills in the field of blockchain technologies and offer solutions for the use of crypto currency in all sectors of the economy.
Website: https://hycon.io
Telegram: https://t.me/teamhycon
Twitter: https://twitter.com/teamhycon
Instagram: https://instagram.com/teamhycon
Reddit: https://reddit.com/r/HYCON