HYCON: FEATURES AND ADVANTAGES

aabl3zzy (2)in #hycon • 6 years ago

GENERAL INTRODUCTION
The world today is full of different innovation, most are internet-based technologies, the aims and missions of all of them are to make the world a better place and stress-free. Recently the digital world ( blockchain technology) is making a huge impact on innovation.
The blockchain technology is also known as a decentralized system which helps in safe, secured, transparency in transactions. Now let's talk about a blockchain project that is set to provide unique features.

WHAT IS HYCON?

HYCON is a new generation of cryptocurrency, whose blockchain was developed based on the Infinity Project technology, which allows it to significantly increase the speed of transaction transfer while maintaining the scalability of the network. The presence of Directed Acyclic Graph makes it possible to generate new blocks and completely avoid the collision between conflicting transactions. HYCON has its own SPECTRE algorithm, which reduces transaction costs by half.

Project HYCON, coined from the word ‘hyper-connected coin’ is built for speed in the transaction, low cost, secured transactions it also gives companies access to securely store their data. Its first of its kind to provide all these features and also has the latest blockchain technologies features. Proof of work is what HYCON currently use as consensus algorithm which gives an initial target of 1 block per second. Hycon also considers including proof of space since proof of work consumes a lot of electricity.

IMPORTANT (BENEFITS)OF HYCON
Users will benefit from the entire network of using the digital network.
Bank and other financial institutions will use this new advanced blockchain technology in securing funds in the bank.
With this innovation from HYCON, system failure and hack will be eliminated.

FEATURES AND ADVANTAGES OF HYCON

DECENTRALIZED PLATFORM:
The platform is decentralized to enable transparency and free from centralized regulations and laws.
SPEED:
One of the main features of this platform is speed in processing transactions per second. Imagine sending funds within seconds to other users, no more waiting time for transactions to complete.

LOW FEES:
Apart from the unbeatable transaction speed, transaction rate is low, almost zero transaction fees compared to other platforms and centralized system.

SCALABLE:
Everything runs smoothly with high speed, free from technical or centralized restrictions.

LATENCY TOLERANCE:
HYCON system is built with Latency Tolerance apart from DAG structure and SPECTRE protocol.

TRANSPARENCY, SAFE AND ACCOUNTABLE:
Every user want this features on the platform, but not every platform can afford them, HYCON providing safe, secured, transparency and accountability to all its user.

TOKEN DETAILS:
HYCON token will serve as fuel in transaction on the HYCON system, and it will also be available on the external exchange, and can also be mined as well.
Token: HYC
Token type: OWN WALLET
Total Tokens: 10,000,000,000
Available for Token Sale: 10%

SUMMARY
The HYCON platform is not like other platforms that only have written features, HYCON has been tested practically and all the features mentioned in their white paper where all achieved. With this project, transactions will all be done in seconds, no more waiting time. Banks and other financial institutions will welcome this development to their system.

TEAM
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