HYCON| A Frictionless And Scalable Blockchain Infrastructure
A good day to you my fellow steemites. I would wanna talk more on the project hycon.
Development of crypto-currency technologies very quickly captured the whole world. At the moment there are many crypto-currencies that have a lot of functions and are wagging on a lot of different spheres of human life. Previously, all with great skepticism related to this type of technology, but over time, modern crypto-currency technologies Blockchain already show a high level of trust and attention. When everyone realized that a crypto currency is a valuable resource on which one can earn big money, a lot of new crypto-currencies or platforms that are based and operate on these modern technologies appeared on the market.
All existing crypto-currencies have a lot of interesting properties and opportunities, and are also based on more and more new technologies, which the data developers themselves are developing crypto currency. Let's look at the Hycon project . According to the developers of the Hycon project , their crypto currency will work on the newest and most modern crypto-currency technologies Blockchain and Ethereum. They argue that they have engaged in a dense modernization of all existing technologies, and also added several of their own developments. This project should present a modern solution for crypto-currency technologies and its own crypto currency. Let's take a closer look at what kind of project it is and how it works.
What is Hycon?
The Hycon site itself is a new milestone in the development of crypto-currencies. The developers of the project use modern and modified technologies in order to create a completely new crypto currency. The crypto currency of the Hycon project is based on modern Blockchain technologies in interaction with authoring technologies, which the developers of the Hycon project created from scratch.
Despite the fact that Bitcoin and Ethereum crypto currency are the most popular and common for everyone at the moment, they still have many unresolved problems. This problem slows down all the transactions conducted by these currencies, or their security system is not effective enough. To solve all these problems, the Hycon project was created. Hycon's Crypto currency has many positive qualities that will distinguish it among all the presented crypto-currencies around the world.
One more problem. With which Bitcoin and Ethereum encountered - this is the scalability of their network. The slowing of the speed of these currencies directly depends on the congestion of the network itself. But this problem is solved by the Hycon project . The networks of this site are based on modern technologies, which allow the Hycon crypto currency to scale and evolve on an ongoing basis in real time. That completely excludes the possibility of large delays in transactions.
In the financial sphere, special attention should be paid to security issues of the system. Because this is the most attacked area of the digital economy. No one would want their financial assets to disappear somewhere during the transaction. The main goal of the Hycon project is the modern development and scalable use of crypto currency in everyday life. In simple words, the developers of the system want to extend the use of crypto-currency by ordinary people in all spheres of his life. Let's look at the basic principles and technologies that are used in the operation of the Hycon platform .
How Hycon works
This platform has many advantages that make this crypto currency very popular. Let's take a closer look at the main advantages of this platform and those technologies that affect the implementation of all the capabilities of the network.
The attraction of smart contract technologies has contributed to an increase in the speed of all transactions that are being crossed, which are performed with the help of Hycon's crypto currency . The transit time and the confirmation of the transaction itself were greatly reduced, these actions are made virtually instantaneously, which allows the ongoing transactions to increase the speed of their passage.
One of the main advantages I mentioned above is the scalability of the circuit. This advantage will secure the network and developers of the project from the problems that will appear with the development of the platform itself. This advantage allows the Hycon platform to compete fully with such crypto-currency giants as Bitcoin and Ethereum.
Reducing network latency is the third advantage of this platform. Admission or reduction of chain delay allows to increase the speed of the entire platform. This feature exists due to the special protocol Specter and the structure of DAG, on the basis of which the distribution network of the site operates.
Security and transparency of the platform itself is implemented with the help of the modified crypto-currency technology Blockchain. Transparency and security of the platform is the basic concept under which any financial system should work. Increasing the level of transparency and security causes a sense of trust and calmness in the end user, which draws attention to the project very much.
Hycon Project Team
There are no great details about the development team of this project, unfortunately. Only the names of the founders and leaders of this project are known, let's consider them.
The leaders of this project are specialized developers who have a tremendous experience in the field of Blockchain. The composition of the project managers includes the following specialists:
Taewon Kim - CEO and CEO / CTO specialist;
Dongju Ryu - technical specialist and CPO developer;
Dongseop Kim is a Blockchain technology engineer and development director;
Kyujeong Kim is an engineer of crypto-currency technologies.
ICO details of the Hycon project
This project, as it is not strange, has its own crypto currency Hycon . This currency was based on Ethereum platform and supports ERC20 technology. Let's take a closer look at how all the crypto currency will be distributed in the ICO project:
public sale - 70% ;
investors - 10%;
development team - 5%;
bounty - 5%;
airdrop - 4%;
advisers - 1%.
Conclusion
There are a lot of problems in the field of crypto currency, because this technology is constantly expanding and there are more and more different vulnerabilities. The solutions provided by the crypto currency, and the developers of the Hycon project , are an excellent way to solve all the tasks and problems of these technologies.
I am fully confident that this crypto currency will precisely take its place under the sun in the world of crypto currency, the developers have set themselves a good and right goal for which every day is moving forward.