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HYCON stands for ‘Hyperconnected Coin’ which is a digital asset based on quick and outstandingly expandable Blockchain.
HYCON can generate several blocks at the same time solving the problem of transaction
collision by using DAG (Directed Acyclic Graph) structure.
It can also prevent double payment by Spectre consensus algorithm.

Token means a case which does not own an independent Blockchain network.
When a Blockchain-based service is going to be provided,
it is not necessary to form its own Blockchain and the token can be issued and used with the existing Blockchain platform.
Like Bitcoin and Ethereum, HYCON is a ‘coin’ which has an independent Blockchain network (Mainnet).
High-level technological power and experienced development manpower are necessary,
and HYCON creates an ecosystem for only HYCON based on its own network.

Initial issuance


June 1, 2018
 
Aggregate market value

About KRW 16.8 billion
(As of May 8, 2019)
Mining rewards


12 HYC
 
Cycle of block generation

15s
 
Consensus protocol

PoW
 
Total issue limit


5 billion HYC
 
Initial issuance

June 1, 2018
 
Aggregate market value

About KRW 16.8 billion
(As of May 8, 2019)
Mining rewards

12 HYC
 
Cycle of block generation

15s
 
Consensus protocol

PoW
 
Total issue limit

5 billion HYC
 
1-Coding

DAG and SPECTRE

Currently, HYCON is realized in a linear Blockchain structure with its median value of block generation interval set at 15 seconds. This linear structure was applied by DAG (Directed Acyclic Graph) structure. It is necessary to apply a different method using SPECTRE Protocol in order to maintain the consensus in this DAG structure. If several blocks are generated at the same time, SPECTRE Protocol provides a mechanism which lets the block connected the most closely to the overall structure of the chain precede. Unlike other DAG-based projects that form the DAG structure by individual transaction, HYCON forms DAG structure in blocks.

16-Code

Dynamic difficulty control

Differently form Bitcoin, HYCON resets the goal of block difficulty for each block by dynamic analysis method based on Exponential Moving Average (EMA). If dynamic difficulty adjustment technique is used, it is possible to adjust the influence of the significant changes in the network Hash Power. In other words, it is possible to guarantee a certain time for block generation even if there is an instant change in network Hash Power.

14-Coding

Mining and ASIC resistance

HYCON is a minable PoW-based coin and it can control the inflation on the network. HYCON adopted ASIC-resistant Kryptonite V7 hash algorithm in order to prevent centralization of mining resources and encourage wider participation in mining.

20-Workflow

Application areas

HYCON was designed for practical use including micro payment. The current transaction throughput of HYCON is a little more than 200 per second, but the transaction throughput per second is expected to increase by about 30 times after realization of SPECTRE, and the transaction decision time is expected to be reduced as much, too. As a result, HYCON will be used easily and conveniently in the areas where micro payment is necessary such as public transportation, food delivery service and Internet shopping.

2018 HYCON History

Q1

-HYCON Genesis Block was generated
-White List registration began
-Public presale began
-Public presale ended

Q2

-Announcement of retirement of ICO tokens
-Early closing of HYCON ICO Cloud sale
-HYCON Mainnet was launched
-Retirement of tokens
-HYCON ICO coin began to be distributed
-Ranked 2nd in a voting for OKEx listing
-HYCON Bounty Program was opened

Q3

-HYCON Light Wallet service began
-Desk Top Wallet beta testing
-Listed on OKEx
-Supporting Ledger Nano and Ledger Blue
-Listed on OKCOIN KR
-Listed on BIT-Z

Q4

-Application of GHOST Protocol
-Listed on COINZEST, NEXYBIT and BIMAX
-Release of HYCON Mobile App
-Supporting F2POOL
-Mining quantity decreased by 90% and the total issue limit was adjusted to 5 billion coins
-Release of HYCON Enterprise Platform and operation of Smart Contract
-DAG and SPECTRE realized
-HYC USE CASE(HYCON PAY, UPMUSIC, HYCON GO)