HYCON - Restructuring the Blockchain Ecosystem
The proposed first to get acquainted with the problematic issue that arose in 2018 in the blockchain. The first and most significant problem is the scalability of the network. Every year, the number of people who use blockchain technologies is growing without deviation in geometric progression. And because of the influx of people, the speed of data processing decreases, and the cost of processing the transaction grows. And just with this problem, HYCON decided to sort it out.
As you like, call it, but for me, HYCON is a blockchain of a new generation, which for me can easily enter the top 100 coins by capitalization, and even higher. HYCONThis is a new kind of blockchain built on the proprietary technology of the command Infinity Project, which is called the Directed Acyclic Graph (DAG). With DAG, the blockchain system acquires a new look, namely a new generation of blockchain at a closer distance than before, which gives a greater coverage for the same network sizes, and a higher rate of transition from one blockchain to another. If the early blockchain were aligned in a certain order and their turn was impossible to change, and if the information was moving from point A to point B with a certain presence of intermediate blocks, then it was, but with DAG this is no longer needed. DAG can generate missing or necessary blocks directly between them, this allows you to publish blocks simultaneously in different nodes of the chain.
What this gives us, firstly the increased speed of all transactions and the transfer of information through the chain by increasing the network bandwidth to 100Tps when connecting 1Mbit / s. What in fact is the fastest declared speed in the network of blockchain in our time? At this speed, private transactions can be confirmed or rejected within a few seconds. With this speed, scalability will not be a problem, and HYCON is ready to grow users from all over the world.
HYCON will be the first stage in the construction of an entire ecosystem of the Infinity Project. D plans the latter to create a whole platform for both individuals and legal entities in general. The platform will be easy to use, it will have a clear intuitive interface, with a variety of tools and functions, such as accountability, transparency, and security.
For the more correct organization of company management, whether it is a small business or a large one, reporting is still necessary. Soon the Infinity platform, this factor was taken as a basis and it was decided that nevertheless some information should be unchanged, and at the same time it could be checked by the relevant parties.
Now in the government, and not only through a lot of shady funds and other things that remain in the shadows. Therefore, the platform's blockchain develops and strive to make all processes transparent, so HYCON is no exception, due to the transparency of HYCON and will deserve the trust of its users, and no one will remain deceived or thrown.
Here is such a small introductory overview I told about HYCON site, and now a little information in terminology. Many who write articles confuse the concepts of tokens and coins or use them as synonyms, but these are completely different concepts. The token is something that is created on the basis of a coin, if in simple words, for example, many now create tokens based on ERC-20 from the Ethereum platform. So HYCON is a full-fledged coin with its standards, and to what I will enter, then now everyone is trying to just cut the dough on the ICO or on the sale of their own tokens on stock exchanges. But here is HYCONI thought of others, these guys came from quite the other side, and create something that can change the world of blockchain technologies beyond recognition. And I hope that by their example they will make lazy colleagues from other projects move, and contribute to the development of the blockchain and its introduction into the broad masses of people and that the most interesting they are fully ready for it. That's what I want them to do. This was the first review, and most likely the other day I will write a second one, where I will talk about the endless decentralized exchange and the project team, and we will touch on their success in selling their coins.
TOKEN INFORMATION
The Hycon blockchain owns its token name HYC and is packed with a total supply of 10 billion in which 70% would be available through public mining and the remaining 30% would be scattered into 6 portions as shown in the diagram below;
For more information please visit the links below;
Web: https://hycon.io
Whitepaper: https://hycon.io/#whitepaper
Telegram: https://t.me/teamhycon
Twitter: https://twitter.com/teamhycon
Facebook: https: // facebook .com / teamhycon
Instagram: https://instagram.com/teamhycon
Reddit: https://reddit.com/r/HYCON