Digital assets are the new internet. The propagation of crypto currencies, stand a threat to gradually phase out the era of corporeal cash and even the more recent electronic modes of transaction. However, with the help of Blockchain technology, the crypto ecosystem is on a gradual facelift, and on a speed lane. The anonymity of transactions, the safety it brings to transactions and most importantly, the ease in transactions are all contributors to the wide acceptability of this innovation.
Nevertheless, just like every thriving invention, there are numerous glitches that tend to pull this technology from total acceptance, of which the greatest of them all is transaction time, it's availability in transactions. For instance, on the bitcoin network it takes a second to carry out 7 transactions approximately. And for Ethereum, averagely 10 successful transactions, per second. Whereas, VISA can carry out as much as 2000 transactions per second on an average.
Against this back drop, we can see a major setback among the following. Yli-Huomo counts out about 7 key issues facing the blockchain technology:
-Transaction time- Latency.
Size and Bandwidth.
Security.
Wasted Resources
Usability
Versioning, Hard Forks, and
Multiple Chains.
To the problems raised hindering the blockchain total acceptability, INFINITY PROJECT through its crypto currency HYCON then sets out to provide solutions to two core questions in the crypto space.
The bugging need of the market and what solutions can be offered.
What features can be incorporated into the crypto world to aid its wide acceptance.
With the above, the Infinity project, presents its core GOALS:
MARKET NEED IDENTIFICATION: Seeing that most projects are still far for providing actual answers to market needs which would aid crypto dominance, to this the infinity project, tailors its solution to meet market needs.
A FLEXIBLE CURRENCY: with the aid of the Hycon, the venture views to integrate several fiscal models, via an elastic execution platform in a bid to build an acceptance of the fundamental technology to meet precise the needs of the market.
USER CENTERED PLATFORM: Beyond just offering solutions, Infinity project puts user experience at the fore. This hopes to draw more people to the ease the solution offers.
FLEXIBLE INNOVATION: primarily, this project (HYCON) seeks to present a spontaneous platform that can serve diverse uses. Sort of one platform for multiplicity of purposes to meet market demands.
SECURE DECENTRALIZED EXCHANGE: as a core need in the crypto world is the ability to share or trade cryptos securely and cheaply. Current exchanges rely on centralized platforms to aid this feat; reason Infinity platform presents a solution that will aid. Hycon turns out to be an exact medium of exchange and ensure optimum security. Atomic swaps will aid Hycon to become value holding coin and can be held in escrow pending proof of payment.
To cap it all, the Infinity Project will offer a speedy, safe, accessible, and user centered blockchain and cryptocurrency ecosystem which will float and rake in more users. The HYCON is a valuable and important growth in the crypto space.
For more information, visit the official websites below:
Site: https://hycon.io
Whitepaper: https://hycon.io/doc/whitepaper1.2.2_en.pdf
Facebook: https://www.facebook.com/teamhycon
Telegram: https://t.me/teamhycon
Twitter: https://twitter.com/teamhycon
Reddit: https://www.reddit.com/r/HYCON/
Author: Adaora
Bitcointalk username: Adaora2323
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary
When will the crowdsale start?
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Great project with beautiful write up , i will surely invest and hold
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