Hycon Project Overview
Crypto-currencies have become a real discovery and revolution in the sphere of finance and credit. Completely anonymous, not tied to the market prices of individual fiat currencies, completely independent of inflation and state re-issue, the crypto-currencies became the banner of a new era that we are now entering, or rather we are plumbing, without realizing it - the era of the digital economy. When any material substitutes for cash for exchange simply disappear as unnecessary, because you no longer need to trade with people directly, and all operations can be carried out through the network of detachments. At the same time, no one can fully control such a financial system, dictate their conditions on the market or force its participants to transparency of transactions. Of course, such an approach will bring a number of difficulties, such as illegal operations, which are already committed with the help of this technology. But this issue should be resolved by other means, not bans and punitive agencies, as is customary in some countries today.
But so far the bright future is still quite far from the imperfection of technology. The bitoine that appeared at the beginning of this decade really did a real technical revolution - no one argues with this, and all the crypto-currencies that followed him also brought something new into the lock-up. The ethereum, for example, in general created an entire ecosystem on which many platforms are made. But all the same tokens of the first and second generation are imperfect. The speed of operations is still lagging behind the capabilities of modern payment systems, and security leaves much to be desired - as recent hacker attacks on the stock market confirm.
The crypto-currency world needs a leap forward, so that this technology finally takes its rightful place in the economic system. Such an ambitious goal (to bring the blockchain to a fundamentally different level), and puts himself a Hycon project.
Project idea overview
The biggest problem of modern tokens for blockchain, which is now actively discussed in the crypto-currency community, is a large fee for transactions within various blochechan systems. Small transactions through popular coins like bitcoin or other similar to it at a price become simply impossible, as the user will give as a commission for the transfer more than he sends to another user. As a result, the use of bitcoin is beneficial only for people with very large capitals in the crypto currency, which does not always meet the interests of most of the market.
The other side of the coin is the algorithms for protecting different currencies, which hackers eventually learned to bypass. Although if you think about it, just for the maximum reliability, a block was created from the very beginning, the chain of which was supposed to reliably cover the data from any forgery. Unfortunately, cybercriminals are so penetrated in all the details of the block that recently found a way to hack not only individual accounts and wallets, but entire individual tokens. All this worries novice crypto-currency investors.
The Hycon team understands all the niceties of the market, and that's why they developed a special algorithm for Infinity Exchange, which will provide additional protection for the new chain of blockchain. In general, the authors put on three main characteristics of their platform, which exceed the competition - data reliability, network scalability and high transaction speed with low commissions.
Project information:
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