Korean startup Hycon: Increasing Blockchain Scalability

Hyperconnected Coin

HYCON is an abbreviated word for “Hyperconnected Coin”. Like the word itself presents, it is the digital asset developed by HYCON. Korean Startup HYCON is building its development in two ways. HYCON is not only committed to increasing the scalability on the blockchain but also to provide everyone the user-friendly platforms that users can easily use the functions.

Better than ICON?

HYCON is built on top of a faster and more scalable blockchain using a DAG (Directed Acylic Graph).  HYCON has the ability to publish several blocks at once with the ability to resolve conflicting transactions and reject double spending.

There are two representative applications that HYCON has developed and 5 more in on development process. Even more, HYCON is working on its creative developments. Currently, there are 5 representative creative developments HYCON has come up with. Korean Startup HYCON also has its own community. It invites people to share their knowledge and help them make further progress.

Representative Applications

The HYCON Wallets is continuously on the process to be intuitive and user-friendly. Users can enjoy services such as full client, lite client, hardware wallet or mobile wallet app.  HYCON is also listed on OKEx and Bit-Z.

Full Node Client& Wallet

  • Unlike initial wallets that had limited transactional functionality, that of HYCON allows transaction using the Ledger Nano and let users use a mnemonic key to generate an HD wallet

Lite Wallet

  • The HYCON lite client is a chrome browser extension that offers ease of use for transacting on the HYCON network. It enables users to send and receive transactions without the need to sync with the blockchain.

Representative Developments

Genesis Block

  • It contains 6 transactions which represent the initial distribution of HYCON.

Public Presale

  • Public presale ran from March 12th to 27th. Over 200 people participated.

Other than these two, there are Mainnet Launch, Coin Distribution, Exchange Distribution, Rust Language Migration, and Hash Algorithm Adjustment. If you want to know more about HYCON, take a look at their whitepaper. Whitepaper of HYCON summarizes the problems, goals, and solutions that HYCON is trying to achieve in the current cryptocurrency environment. Essential goals and technical specifications of HYCON and upcoming developments are presented in the Whitepaper.

Glosfer Learning Day

Hycon is focused on helping young minds in Seoul that are interested in Blockchain and Blockchain development.  They also just completed a Hackathon this past month.  Expect a lot more meetups and events from Hycon coming soon!

Chloe Han
Chloe Han

Chloe Han is a journalist at Startup Radar. She covers the Korean startup scene as well as the latest Korean culture related content. She attends Yonsei University, majoring in Business Administration and English Literature and Language.

No Comments Yet

Leave a Reply

Your email address will not be published.

STARTUP RADAR 스타트업 레이더, 등록번호: 서울, 아04879

발행인: 주식회사 스타트업 레이더 김동혁 // 편집인: 서해

발행소: 서울 송파구 정의로 8길 13, 6층 (문정동)

발행일자: 2017년 12월 19일 전화번호: 070-4771-5148

청소년보호책임자: 서해