When Bitcoin and the first blockboys first appeared, it was actually a revolution in the field of digital currencies. However, all newly introduced innovative products usually suffer from a large number of "childhood diseases" and very often these "childhood illnesses" create significant inconveniences for users.
It is such a childish disease of the first crypto currency is the weak scalability of the blocking system and a significant drop in network performance with a large number of transactions per unit of time.
Well, as the number of users of block-network networks grows daily, networks are more and more difficult to withstand loads, and consequently the processing speed of transactions decreases and fees for transactions with which people try to speed up their transactions increase.
As a response to this challenge, the Hycon project was born, designed to improve the block-tech technology with the innovative DAG mechanism.
The creators of the project promise that with the implementation of their technology in the block, any transaction will take no more than a couple of seconds, regardless of the amount of the transaction, the number of active users and the current load on the network.
ABOUT THE PROJECT
Hycon is a platform that is flexible, with virtually unlimited scalability, and the ability to interact directly with the blockbuster. It is based on the DAG technology or the so-called directed acyclic graph. With the help of this technology, it is possible to create simultaneously several blocks of data in a chain and pack them into a single transaction, which should solve the problem of scaling and reloading the network of Blockchain once and for all.
Brief description of the Hycon platform:
The platform is a fast, decentralized peer-to-peer network with the ability to flexibly configure and unlimited scalability of its structure. The creators of the site promise us that the anticipated ee speed will be about 3000 operations per second, a record similar to that of any existing blockade has not yet been reached. Such speed will give the project an undeniable advantage over competitors, especially since many existing blockhouses have already reached their scaling limit and are beginning to experience serious difficulties with network overload. Also the site will reward the miners. For providing their computing power, users will receive payment in the system's internal crypto system - a token with the same name HYC.
IСO DETAILS
In all, 10 billion tokens were printed, of which 1 billion were put into free sale. The price for one token during the ICO was announced at $ 0.1. The minimum purchase price for tokens is $ 50, the maximum is $ 50,000. The currencies with which you can pay tokens - VTS, LTS, ETH. The Token-Seil was conducted in two stages from March 30, 2018 to May 10, 2018.
ROAD MAP
THE PROJECT TEAM
The development is carried out by competent specialists from Infinity Project, whose track record already has several successful projects.
CONCLUSION
The project team has come up with an ingenious way to solve the problem of overloading the block-network. In solving this problem, at least half of the blockages serving the popular crypto-currencies and experiencing difficulties with the processing speed of transactions due to network congestion are needed at the moment. In addition, generous compensation for the provision of its computing capacity should attract a large number of miners and owners of mining farms. I can almost certainly say that this project has a future and like all previous projects from this team, it will prove successful.
For those who are interested in the project, I suggest that you familiarize yourself with the Hycon platform more clearly by following links to official resources. The site supports English or Korean.
All the important information can be found here:
Website: https://hycon.io/
Whitepaper: https://hycon.io/doc/whitepaper1.2.2_en.pdf
Facebook: https://www.facebook.com/teamHycon/
Twitter: https://twitter.com/teamhycon
Telegram: https://t.me/teamhycon
Medium: https://medium.com/@teamhycon
Instagram: https://instagram.com/teamhycon
Reddit: https://reddit.com/r/HYCON
YouTube: https://youtube.com/teamhycon
AUTHOR ARTICLES:
Bitcointalk username: ltymub
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2247659
Telegram username: @lica2017
wallet
Congratulations @madlen2017! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit