Powering hyperconnected blockchain solutionsHYCON, which stands for Hyperconnected Coin, is the digital asset built on top of a faster and more scalable blockchain developed by the Infinity Project team. 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.
FasterQuick transaction confirmation times
Honest transactions can be confirmed or rejected definitively in mere seconds, due to the high volume of blocks published within that time interval.
ScalableOn-chain Scalability
Transactional throughput up to 3000Tps on a 2MB/s connection can be achieved as a starting point of the project.
FrictionlessLatency Tolerance
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.
USE CASES
HYCON is Phase 1 of the Infinity Project Ecosystem, and positioned for wide adoption as an efficient medium of exchanging value for enterprises, small businesses, governments, NGOs, and individuals. Together with the Infinity blockchain, HYCON will power the Infinity Platform (Phase 2) and Infinity Decentralized Exchange (Phase 3).
Infinity Platform
Blockchain for All
The Infinity Platform will feature a simple and intuitive user interface to empower anyone with the ability to create their own customized and private Infinity blockchain. For example, enterprise solutions built upon the Infinity Platform will help increase accountability, enhance transparency, and improve data security, thus bringing value to companies and society.
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***What Is Hycon HYC?
Hycon is a new type of platform that is working to create a faster and more scalable blockchain. This platform will be able to reduce the issues that are associated with the traditional blockchain, which is slowness, problems with conflicting transactions, and double-spends. With this system, those who use Hycon can feel more confident and secure in their transactions and the effectiveness of blockchain as Hycon has improved it.
***The Benefits Of Hycon HYC
There are many benefits to be had when one implements Hycon into their system. Here are the main advantages of this hyperconnected coin so that individuals know what to expect if they choose to use it:
- Faster Transaction
According to the platform, the first advantage of this coin is that it promotes quicker transactions. The time for confirmation is almost instant and if the transaction is completely honest, it will go through very quickly. The platform’s ability to rapidly confirm or reject transactions arises from the high volume of blocks that are published within the time interval.
- On-Chain Scalability
Second, this platform features on-chain scalability, making it a scalable program. As the platform mentions, the transactions go through in up to 3000Tps on a 2MB/s connector. This can be achieved as a starting point of the project. Even the traditional blockchain isn’t as scalable as this.
- Latency Tolerance
Third, the platform has a latency tolerance as well due to the DAG structure that is combined with SPECTRE protocol. This network latency is essentially removed and without the limiting factor, block are received out of order, yet can still be managed well too.
- Accountable, Secure, and Transparent
Finally, this platform is designed to enhance accountability, it is mean to be more secure, and it can improve data security as well by bringing value to companies and users as well.
Clearly, there are many advantages to be had when uses Hycon. This platform is an ideal solution for those who are interested in conducting faster, more scalable, and tolerant transactions and who want to bypass the traditional issues associated with regular blockchain technology. In using this platform, individuals will have an easier time managing transactions.
***Hycon HYC ICO Conclusion
Overall, Hycon is a promising solution that may be able to overcome the main issues that many face with the regular blockchain. To receive updates concerning this platform, just register with an email address on the brand’s website.
