The crypto space is growing at a steady pace. The time when your average person’s knowledge of cryptocurrencies was limited to Bitcoin and its use as a payment source is shifting. More and more people are realizing the advantages of distributed ledger technology and its impact on industries and institutions. The invention of blockchain technology has succeeded in shaping this current era in both technology-wise and money-wise. The application of blockchain technology can be seen in almost all platforms, solving associated issues and yet maintaining its outstanding features such as decentralization, time-stamping and use of smart contracts. With this features, blockchain technology ensures data protection (decentralization), efficient real-time transactions (smart contracts) and tracking of real-time transactions (time stamping) in any platform its implemented in, new projects are been developed each day ,smart contracts ,ecommerce and gaming are often talked about.
But there will always be room for improvement. Because while Ethereum aimed to improve upon Bitcoins architecture with the implementation of smart contracts, another amazing project seeks to allow individuals create their own infinity blockchain.
INTRODUCING HYCON
It is brought by the a new company HYCON, led by TAEWON KIM, and a team of experienced and of quality personnel. The project team creates token model that is flexible and easily integrated, regardless of the purpose of its use.it is achieved through a thorough analysis of market needs and the creation of a new coin.
Hycon is a decentralised platform which stands for stands for Hyper Connected coin. It aims to allow individuals to create their own infinity blockchain, it’s a constructed digital asset that it’s blockchain will be scalable and very fast.
With the high development that is witnessed in crypto world , there are still challenges that drags and hinders the progress of blockchain, thus making them not to achieve the basis in which they work towards attaining. These problems could be;
• Scalability
• Inadequate performance
• Security issues
• High transaction fees
• Slow transaction process
We all know that one of the limitations of the current blockchains is Throughput.
Initially almost all cryptocurrency has low throughput, some can process only 7TPS within 4secoonds, while Ethereum can process more than 20TPS, which is very low, unlike some centralised systems which can process 65,000 TPS.
The cause of low transaction per second is basically because latency is, as maximum throughput is a function of the latency between nodes.
BENEFITS OF HYCON -
Hycon set to provide solutions to all the problems listed,
I. Since hycon has a huge tolerance to latency, its platform is completely frictionless and its network latency is entirely removed to ensure a factor which limits transactional output.
II.Unlike bitcoin and ethereum, Hycon has an average 2ms/s connection, it's transactional output is up to 3000TPS , which is something very substantial
TOKEN
The Hycon blockchain has it’s own token denoted as HYC token, it's total coin for distribution and ICO is 10 billion. The token was built on SPECTRE protocol. The HYcon platform targeted a hard cap of $60 million from sales, And the better percentage of funds realized from token sale and ICO will be used mainly For facilitate the development and securing long term future of the Hycon blockchain platform project.
TEAM -
ADVISORS-
For more information please refer to the links below -
Join the Telegram Group: https://t.me/teamhycon
Follow on Twitter: https://twitter.com/teamhycon
Follow on Facebook: https://www.facebook.com/teamHycon/
Follow on Medium: https://medium.com/@teamhycon
Website: https://hycon.io/
Whitepaper: https://hycon.io/doc/whitepaper1.2.2_en.pdf