Hycon: Revolutionized Blockchain Solution

in #cryptocurrency6 years ago (edited)

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Blockchain and cryptocurrency technology is growing exponentially and increasing in marketability at an extremely fast pace. Current trading conditions mean that with this exponential growth, the profitability and viability of cryptocurrency are ever increasing, however, that does come with some setbacks that enthusiasts such as myself have encountered. Some of these main setbacks are those that setback most who attempt to enter into the cryptoverse, and that is the ease of accessibility and the way in which one can register and participate within the crypto community.

What is really needed is a viable, decentralized and transparent platform that will allow all the ability to gain a foothold within the cryptocurrency forum. This is where Hycon neatly steps in. It is a pleasure to examine and consider a platform that is focusing on the development potential of users of cryptocurrency, as opposed to the already long-standing and establish companies that seem to rule the roost. As usual, the platform is utilising the exponential growth of the cryptocurrency world, but allowing any user to partake in it is what sets this platform apart.

INTRODUCING HYCON

Hycon is the first of three phases of the Infinity Project Ecosystem. Following the limitations in the block chain technology, which include concern for Security, Usability and time optimization amongst others; Hycon is the extensively researched and proffered solution to the challenges facing the current blockchain technology. Hycon is a fast and secure cryptocurrency that makes use of the SPECTRE protocol for high speed and yet secured transactions.

THE PROBLEM
Before HYCON, blockchain transactions reached a stage in late 2017 where transactions often took hours and even days to be confirmed. Some users spent as much as $20 overhead fee to initiate a single transaction through the bitcoin blockchain.

Presently, blockchain infrastructure lacks scalability and as transactions exceed the acceptable limit, backlogs are created which results in more time spent, more resources wasted for running transaction at peak periods, and inconvenience for users of the platform.

BENEFITS OF HYCON
• Scalablity: With a more efficient design, Hycon blockchain technology quickly scales up to meet the demands associated as users make more and more transactions.

• Frictionless: Given the almost zero latency between nodes, Hycon transactions are fluid and time efficient.

• Quick: Using blockchain technology, Bitcoin achieves about 7 transactions per second, while Ethereum processes about 10 or more, Hycon processes 100 Transactions per seconds.

• User specific: With an intuitive user interface, users can customize their wallets depending on the individual wallet operations.

• Secured: Hycon uses a hash combination of cryptonight and Blake 2b, thereby your sensitive data are secured.

WHO CAN USE HYCON
Given the convenience and efficiency of Hycon; Individuals, financial institutions, Governments, NGOs and businesses can conveniently utilize Hycon as a means of exchange.

TO LEARN MORE ABOUT HYCON KINDLY VISIT THE FOLLOWING CHANNELS
Website: https://hycon.io
Facebook: http://facebook.com/teamHycon
Twitter: http://twitter.com/teamhycon
Medium: http://medium.com/@teamhycon
Instagram: http://instagram.com/teamhycon
Youtube: http://youtube.com/teamhycon
Reddit: http://reddit.com/r/HYCON
Telegram: http://t.me/teamhycon

AUTHOR INFORMATION

Email: [email protected]

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