Hycon: Features for Scalability and Interoperability

Hycon is a new era of encrypted currency (crytocurrency), whose blockchain was created or originated based on the infinity project technology, which allows it to significantly catalyze the speed of transaction transfer while sustaining the scalability of the network.
This article is written to enlighten my audience about the change hycon is about to bring to our world. Hycon has set up infrastructure that will enable ease in transaction of businesses.
The use of crytocurrency is the basis of this transaction. Crytocurrency also known as encrypted currency according to Wikipedia is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrency is a kind of digital currency, virtual currency or alternative currency. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.

The idea about this project is to invent, produce, bring into existence a non-rigid and market-friendly encrypted currency heading existing competitors in terms of the unfavorable, latency, scalability and protection. Hycon also known as "hyper-connected coin" and functions within infinity blockchain. Infinity project technology has the motive to build a truly decentralized and user-friendly exchange. Hycon project will stand out in terms of speed. Hence, transaction will be completed in seconds. The greatest goal or aim of the hycon project is to create a location where giant companies can securely store their data. This location will be secured and safe from threat. It aims at introducing a new encrypted currency supported by a highly modernized platform that would meet the needs of all demanding users.
Hycon project relies on crytonight V7 mining algorithm and SPECTRE protocol that generalizes a blockchain into a directed acyclic graph (DAG). The DAG structure has no fixed blocks and each transaction in it carries its own proof of work, thus reducing the latency. SPECTRE allows for creation of parallel blocks by separating the mining and consensus portion of the protocol. Skipping the technicalities, one can say that SPECTRE ensures that transactions are included into the blocks with ease and speed ensuring high speed and accuracy of these transactions. It is expected that the entire supply of hycon will be mined in 50years. Users can use HYCON wallets for storing and performing transactions with the crytocurrency.

Features of hycon

Safe exchange of data
The originator or pioneers of the project has put in place technological answers to expand the blocks for the use of private transactions in a short period of time to guarantee the security of the exchange of data in the network.

Scalability of the network
The pioneers of the project try to overclock the network bandwidth at 3000 transactions per second. This is pertinently more than the current competitors of block technology, where efficiency becomes increasingly slow.

Speed
Thee structure put in place is the DAG and SPECTER plot which allows it possible to perform speedy transactions in case of some factors and errors

Latency
It is A delay, a period between the initiation of something and the occurrence. As a result of the DAG and SPECTRE protocol, the project is built with latency tolerance

CONCLUSION
From all indications and from findings, it is of importance to know that hycon is geared towards solving real life challenges plaguing conventional blockchain technology. It resolves the problem of scalability and interoperability which gives it a faster and better transaction network. With hycon it is safe to say that blockchain technology is designed to work better.
TEAM
the team is made up of highly placed intellectual persons in their field of specializations.





For more information on hycon project please visit
Official website: https://hycon.io
Whitepaper: https://hycon.io/doc/whitepaper1.2.2_en.pdf
Telegram: https://t.me/teamhycon