Hyper-Connected Coin using a New Creative Consensus Mechanism Known as Directed Acyclic Graph Developed by the Infinity Project Team in Gangnam, Seoul.

in #steemauto6 years ago

Hello guyz!! I present a wonderful Infinity Project Ecosystem (HYCON), and positioned for wide adoption as an efficient medium of exchanging value for enterprises, small businesses, governments, NGOs, and individuals.

This platform is used for the secure decentralized storage of personal data of individuals, small and medium businesses, large companies and corporations. Reliability is provided by creating ten copies of each of your files, the identity of which is constantly confirmed. If the system finds a discrepancy between the original files, it will automatically create and save them on other nodes.

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The future of Blockchain Hycon, aimed at solving the problems that blockchain technology is facing, using a new creative consensus mechanism known as Directed Acyclic Graph.

HYCON, which stands for Hyper-Connected Coin, is the digital asset built on top of a faster and more scalable blockchain developed by the Infinity Project team in Gangnam, Seoul.

Using a DAG (Directed Acyclic Graph) structure, it has the capability to publish several blocks simultaneously with the ability to resolve conflicting transactions and reject double-spends through the SPECTRE consensus algorithm.

Spectre consensus algorithm is an alternative protocol for existing PoS, PoW, and DPoS algorithms. It absorbs all the best types available. Algorithms are based on asynchronous calculations, distributed up to average % for string operations and the second half for blockchain.

This is a structure where different levels of independence can be connected by maintaining a secure transactional mode and exchanging information. Such an opportunity meets the requirements of modern business ideas. It is good to have complex service capabilities and multi-level business processes.

It makes to avoid heavy loads. The algorithm performs linear scalability by the size of the node (node ​​in the chain). Large load makes the speed and throughput higher and faster.

This project, based on the use of blockchain technology, will allow unhindered provision and receipt of credit and financial services. This approach to working with finance is innovative and it is very different from the one used in the traditional approach. It is used in the provision of banking services to date. the financial market that provides financial and all related services.

The main goal and objective of the Hycon platform is to provide services for a variety of activities, while still incorporating security, and efficiency at the center of the project. Also, the consensus mechanism will allow them to achieve a highly scalable blockchain solution! and Network performance will be linearly accelerated as node size increases

In addition to all of the above, this project provides a monetary reward for all those who participate in the development of the ecosystem, thus creating the necessary motivation. The ultimate goal is to create an inclusive financial system.

The DAG structure coupled with the SPECTRE protocol allows for network latency to be essentially removed as a limiting factor on transactional throughput. Blocks that are received out of order can still be ordered based on their implied position in the DAG rather than the time they were received.

The very mechanism of the Hycon will look something like this: all information will be stored in the blockchain, it will also be processed directly by the blockchain, which means that the data can not be changed by a third party, which makes them virtually invulnerable to hacker attacks and other malicious acts.

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Also, this will allow regulators with the required level of access, view the records and see what is happening with the assets at the moment. In addition, using certain software tools, users will be able to quickly analyze data and industry risks in order to be able to respond in a timely manner to their changes.

website - https://hycon.io/

Whitepaper: https://hycon.io/doc/whitepaper_en.pdf

Telegram - https://t.me/teamhycon

Facebook - https://facebook.com/teamHycon/

Twitter - https://twitter.com/teamhycon

Medium - https://medium.com/@teamhycon

Reddit: https://www.reddit.com/r/HYCON/

Github : https://github.com/Team-Hycon

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