Blockchain technology has been around for a while. Bitcoin and Ethereum were the first blockchain platform to be created. These Blockchains have been in use for a while now and still the most popular even with new blockchain platforms already on the rise.
Meanwhile, the current blockchain platforms, Bitcoin and Ethereum have not been able to evolve with technology. These blockchain platforms can’t keep up with the large number of users using the platform. Even the number of transactions handled on this platform, are not up to the expected speed. These have been a bottleneck and ever persisting problem especially for traders using the platform, who might need their transactions to be confirmed within a very short period of time.
Another problem with the current blockchain platform that so seems crucial is the security issue. Thieves and Hackers have been able to breach the Security systems of these networks thereby, stealing funds and monitoring payment of users on the platform.
Furthermore, the Bitcoin is known for it’s high electricity consumption required to validate a single block transaction. This high power consumption is considered as a waste, because the electricity would have been enough to power Singapore for a whole year.
HYCON
Hyperconnected coin which is better known as 'Hycon', is the next innovation and generation in blockchain platform for. This blockchain is set to breathe an air of difference into blockchain network with the developers working tirelessly to make sure Hycon is the fastest blockchain platform in the world.
The Hycon blockchain platform is really focused on making it’s platform a fast and scalable platform. Hycon blockchain will be able to publish a large number of blocks and verify transactions all with seconds. Unlike Bitcoin blockchain that takes up to 15 minutes to confirm a single transaction.
Being scalable will make it totally different from a platform like Bitcoin which is extremely slow. Hycon will be capable of a throughput of 3,000 transactions per second.
Furthermore, Hycon boast of a very secured platform with the platform’s developers working day in, day out to make sure their blockchain platform is totally secured and protected against breaches and attacks.
The Hycon blockchain has also created an internal exchange, which is said to be decentralized. This exchange will provide cross chain trading options for users of the platform.
It will even be a relief to traders who expect fast transaction confirmation. It is also designed to further improve accountability , and help improve data security. This will further bring more value to users of Hycon blockchain platform.
It operates on a consensus algorithm called SPECTRE. This gave it the ability to resolve conflicting transactions and also solve any issue related to double spending.
TOKEN
The Hycon blockchain has it’s own token named as HYC token and the total coin for distribution and ICO is 10 billion. The token was built on SPECTRE protocol. The platform also targets a hard cap of $60 million from sales.
Better percentage of funds realized from token sale and ICO will be used mainly to facilitate the development and securing long term future of the Hycon blockchain platform project. The Hycon blockchain also features it’s designated wallet.
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