Hycon executives Jason, Niall and Owen talk with BlockchainBrad about powering hyperconnected blockchain solutions for the real world @teamhycon. Their public ICO has just begun TODAY! But what is Hycon exactly? 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.
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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.
BENEFITS OF HYCON
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.
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.
Links:
Interviewees:
JASON FRENCH
VICE PRESIDENT
Jason is a blockchain evangelist, long believing in the transformative power of the technology. He brings business development and corporate communications experience from leading MNCs to the Infinity Project team in an effort to advance not only the project’s interests, but also the adoption of blockchain technology.
NIALL MOORE
BLOCKCHAIN ENGINEER / TEAM LEAD
Niall has a background in astrophysics and computer science. He co-leads the HYCON team while heavily contributing to the development of the coin and the HYCON whitepaper.
OWEN DELAHOY
BLOCKCHAIN ENGINEER / TEAM LEAD
Owen has a background in computer science and deep learning. He co-leads the HYCON team by guiding the group in the practical implementation of theoretical cryptocurrency research.
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Great team and project! Thanks Brad for the straight to the point questions. Legend
Keep up the good work Brad. I live in Korea and very excited to see what team hycon accomplishes.
Fantastic interview Mate…..I'm all in on this and very excited about where this is going. Great job.
Brad thanks for the interview. This interview just confirms my initial conclusion to stay far, far away from this project.
Another great interview Brad. The content you deliver is the best out there hands down. Thanks for all your hard work. This looks like a great project. They certainly could give ICON some stiff competition although I don't like the fact they have the same name! After your extensive research and chatting with the team, what are your overall feelings on the project?