HYCON HYC to EOS EOS Exchange

Crypto Pair Details: HYC to EOS

HYCON HYC

HYCON, which stands for Hyper-Connected Coin, is the digital asset built on top of a faster and more scalable blockchain developed by the Infinity Project team in Gangnam, Seoul. 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. This makes HYCON a next-generation cryptocurrency which can be used in the real economy. Honest transactions can be confirmed or rejected definitively in mere seconds, due to the high volume of blocks published within that time interval. Transactional throughput up to 3000Tps on a 2MB/s connection can be achieved as a starting point of the project. 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. 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). 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.

EOS EOS

What Is EOS? EOS has always been one of the most hype over ICO and now a smart contract platform. When it was announced by founder Dan Larimer in New York City in May 2017, a giant jumbotron advertisement could be seen glowing over Times Square. In the first 5 days of their ICO token sale, EOS raised an unprecedented $185 million in ETH — all without having any kind of product or service yet. EOS claims to be “the most powerful infrastructure for decentralized applications.” Basically, EOS is (or, rather, will be) a blockchain technology much like Ethereum. They plan to create their own blockchain with a long list of impressive features. Some are even calling EOS the “Ethereum killer.” But along with all the hype and excitement about EOS, there’s also a large amount of skepticism coming from the crypto community. The EOS Vision EOS has big plans. It will be a software that will act as a decentralized operating system. Developers can then build applications on the EOS software. It will be highly scalable, flexible, and usable. The most notable feature that everyone is getting excited about is horizontal scalability — what this means is the EOS blockchain will be able to allow parallel execution of smart contracts and simultaneous processing of transactions. This could be a real game changer. EOS will incorporate the delegated proof-of-stake (DPoS) consensus protocol, created by founder Dan Larimer himself. This system is less centralized, uses far less energy, and is incredibly fast — as in, up to millions-of-transactions-per-second fast. Furthermore, there will be no user fees on the EOS blockchain. This would also set them apart from the competition and could help them gain more widespread adoption of their platform. EOS also wants to put a blockchain constitution in place to secure user rights and enable dispute resolution. As explained in their technical whitepaper: 'The EOS.IO software is designed from experience with proven concepts and best practices, and represents fundamental advancements in blockchain technology. The software is part of a holistic blueprint for a globally scalable blockchain society in which decentralized applications can be easily deployed and governed.' Tokens that are issued on top of the EOS platform includes Everipedia, HorusPay, Meet One, and more.

SOURCE: COINGECKO

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