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Powering hyperconnected blockchain solutions
HYCON, 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.
For speed and flexibility, HYCON uses the SPECTRE protocol. The advantage of SPECTRE over a typical blockchain is shorter times between blocks and faster transaction confirmations. SPECTRE allows different nodes to publish blocks simultaneously, blocks to be published simultaneously from different nodes, without forking the chain. For miners, SPECTRE eliminates orphaned blocks.Meanwhile, miners don’t have to worry about orphaned blocks.
Speaking of mining, HYCON uses we’ve implemented the Cryptonight proof-of-work algorithm, making it possible to mine with either a GPU or a CPU. However, in the interest of sustainability, we are seeking a more energy-efficient mining algorithm for the future, such as Proof of Space.
Sustainability is important. The vision for HYCON is longterm, with a mining timeline of 50 years. Because of this length, and the high rate of block publication, mining rewards will be relatively low. However, a high volume of transaction fees should make mining an attractive option.
A survey of the cryptocurrency landscape reveals no shortage of unique and useful platforms that aim to solve specific issues. There are projects promising anonymity, speed, decentralization, easier mining, or scalability, but few of these are good candidates for widespread adoption and everyday use. The individuals and businesses in the marketplace demand a quick, convenient, and secure means of exchange.
When it comes to adoption in the market, even the crypto projects with the best brand recognition are received with caution rather than enthusiasm. None of the current solutions in popular use meet the usability criteria for widespread integration into the larger economy.
It’s easy to see headaches for end-users. With transaction times up to 60 minutes, it’s no wonder supermarkets and coffee shops aren’t jumping on the cryptocurrency bandwagon. End-users also fear the potential for hacks and coding errors. Even tech-minded people are prone to user errors while safeguarding wallets and 30-digit private keys.
These unsolved issues inspired the strategy for the the Infinity Project and HYCON:
The vision for the Infinity Project is a flexible coin that meets market needs and provides a secure and seamless user-centric experience. A full node running the HYCON software has access to a locally hosted web GUI allowing for wallet operations, transactions, and blockchain exploration. We’re also developing an intuitive wallet and exchange platform GUI to implement a fully decentralized cryptocurrency exchange by using “atomic swaps” to facilitate trustless P2P trading of HYCON and other cryptocurrencies In addition, a means of decentralized trustless exchange is in development.
Faster | Quick 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.
Scalable | On-chain Scalability
Transactional throughput up to 100Tps on a 1MBit/s connection can be achieved as a starting point of the project.
Frictionless | Latency 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.
| Round | Token Price | Bonus | Min / Max Purchase | Soft Cap | Hard Cap |
|---|---|---|---|---|---|
|
ICO Crowdsale —
Ended
30 Mar 00:00 UTC 11 May 00:00 UTC |
0.09 USD | No | 50 USD - 50000 USD | Uncapped | 5,000 ETH |
|
Public presale —
Ended
12 Mar 00:00 UTC 16 Mar 00:00 UTC |
0.09 USD | 30% | 50 USD - 50000 USD | Uncapped | 7,000,000 USD |
|
Private sale —
Ended
Start Soon |
NA | No | - | Uncapped | Uncapped |
|
Korea Pre-ICO —
Ended
25 Sep 00:00 UTC |
NA | No | - | Uncapped | Uncapped |
