Since the introduction of BlockChain technology in 2009, it’s users have escalated at a great number and it’s necessity have been surprisingly important. It’s horizons began to widen through the development of Bitcoin, Ethereum, and other alternative chains. Businesses and organisations use cryptocurrencies in their everyday line of work. New incentives are adopted on a daily basis, thus this gave a rise on the development of cryptocurrency.
The Blockchain technology is a new revolution that will change the world in days to come. It’s simple and transparent in nature. This technology gives data to the general public through World Wide Web, all blocks of information as stored within the platforms which is visible on the network. The facilitation of online payments making transactions to be encrypted and safe.
Blockchain technology platforms are scalable in all ramifications and
Offered high form of security thus creating difficulty for hackers to bypass the security of most platform that utilizes it. But if you have been following up with inventions and technology especially in the crypto space, you will understand that most people are not aware of the benefits of blockchain and cryptocurrencies.
After doing some research on trading cryptocurrency and ico projects, i came across
a promising crypto projects that is called hycon, and I think they are going to do well on the long run and will also solve some problems revolving through the blockchain industry as well as making blockchain more scalable than ever.
INTRODUCING HYCON
HYCON, which is Hyperconnected Coin, is a digital asset built on the basis of the fast and scalable Infinity blockchain developed by the international and very ambitious Infinity Project team, which is registered in Seoul, South Korea. Using the structure of the DAG ( Directed Acyclic Graph ), it has the ability to release several blocks at the same time with the ability to resolve conflicting transactions and to reject double charges using a consensus algorithm called SPECTRE.
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.
CONCLUSIVE THOUGHT
As technology are trying to improve each passing day, blockchain needs to be more advanced to support it, and with Hycon it will be possible because with Hycon transaction will be very fast and also scalable thus ,Transactional throughput of up to 100 Tps when connected to 1MBit / s can be achieved as a starting point for the project.
For more information about hycon please refer to the links below
Website: https://hycon.io/
Whitepaper: https://hycon.io/doc/whitepaper1.2.2_en.pdf
Facebook: https://www.facebook.com/teamHycon/
Twitter: https: // twitter. com / teamhycon
Telegram: https://t.me/teamhycon
Medium: https://medium.com/@teamhycon