The problems of existing cryptocurrency systems

The crypto-currency market is developing at a rapid pace, new projects implemented on blockchain technology and digital currencies appear daily. This leads to the fact that developers have to put more and more efforts to attract the attention of potential investors against the background of high competition. New projects should provide such unique opportunities that are not available for other cryptocurrency systems.

It's worth mentioning that the existing popular platforms for blockchain, such as Ethereum and Bitcoin, were once a new phenomenon in the market. However, over time it became apparent that these technologies can not fully close all emerging issues. Such block systems do not cope with the number of requests, which leads to an increase in the cost of ongoing transactions. Do not forget about the security of cryptocurrency platforms, because the threats of hacking become more frequent and dangerous.

The Hycon project on blockchain is designed to solve all existing problems of traditional crypto-currency systems and create a decentralized platform of the new generation.

What changes will occur in the cryptocurrency market when implementing the Hycon project?

The Hycon project is a decentralized system, implemented on a new technology of modern lock-up, providing high speeds and scalability. The technology is completely created by the Infinity Project team.

According to the developers, the project involves the creation of a fundamentally new type of digital coin. This cryptocurrency will take into account the needs of all participants in the decentralized network to the maximum. Even such popular coins as Ethereum or Bitcoin have certain problems related to functionality, convenience, safety.

One of the main issues that users are worried about today is the high cost and long duration of transactions. Often appeals from clients come, that confirmation of operations is not received within a few days, and sometimes the request is canceled. The Hycon project will be implemented on a new algorithm, which will provide a wonderful opportunity to carry out transactions almost instantly.

A new decentralized platform will be able to solve another problem of crypto-currency systems - high congestion. This will be achieved through the implementation of the principle of constant scalability, which will easily cope with any load.
the developers also considered the solution of the security issue, which is topical for the entire digital industry. Periodic failures in the system can lead to the fact that the crypto currency will be lost irrevocably. The Hycon platform assumes the introduction of new security standards that best meet the current requirements in the digital systems market.

Conclusion

The Hycon project is designed to solve the existing problems of crypto-currency systems in terms of scalability of a decentralized network. The platform will be able to provide band width for user operations and the required level of security. Therefore, the project is quite promising for potential investors.